SPY PUT Double dip days are uncommon events. They occur in bear markets, not bull. The bear market that has been with us since May 2011 is now into its 7th month. Thanks to the bear market, my SPY PUT hedge has added significantly to my profit. Almost 50% of the profit earned in my US Portfolio is from my SPY PUT trades. As explained on the weekend, I purchased spy puts on Friday just before 2:00 PM to hold over the weekend for protection. This morning shortly after the open I sold / Read More
This is going to be a busy weekend for me so I thought I would post my plans for Monday and into next week before updating my options trades from Friday. Friday was another excellent options expiration but I did a number of trades on Friday which I will have to post early next week. Today’s down move had to be expected after yesterday. The fact that the market didn’t fall further could be because of it being options expiration today. Meanwhile there was lots of opportunities for my spy put trade to / Read More
SPY PUT returned to my trading today with what ended up as a simple trade. When I indicated yesterday morning in my Market Timing / Market Direction call for Nov 8 that I thought the market could roll over, I didn’t assume it would do it in one day. But the collapse today was excellent for my SPY PUT trade and it was almost picture perfect using the ultimate oscillator yet again. SPY PUT – GAP DOWN OPEN IS THE SIGN When I see a great big gap down open I immediately set / Read More
SPY PUT hedge is without doubt my favorite method of protecting my entire portfolio. Why more investors do not hedge with options, is a question I am often asked. I have no answer. Today is an excellent example. Yesterday the market shot up on unconfirmed news that a 2 trillion-dollar amount was being rumored as the size of a fund to try to turn the tide on the European Debt Crisis. Exactly how piling more debt on already unmanageable debt is going to help is obviously beyond the comprehension of a small investor / Read More
The Spy Put is my hedge of choice (as many readers know). It has been successful for me since the SPY was introduced back in 1993. To read more about the SPY including history, performance and more you can select this link – SPY PUT. (Note this link goes through an ad first) I emailed to readers my market direction call earlier today and my decision to buy the SPY Put hedge again. You can read it here. I believe the NASDAQ is flashing warnings everywhere now. The SPY Put is what I / Read More
The problem with my Spy Put trade for today was that I had not purchased the spy puts yesterday at the close or near the close. Instead most of the day I was busy looking at charts trying to see what positions I would like to put in play for October. So today I decided that with the volatility index (VIX) already up over 41.00 I would rely on the ultimate oscillator to time entry and exit points for my Spy Put Trade. SPY PUT HEDGE – Day Trading With The Ultimate Oscillator / Read More
After my recent loss in the spy put hedge I use, which you can read about here, I am back to day trading the spy put on weakness and Friday saw some weakness. The market in my opinion remains incredibly soft and any bad news out of Europe is going to have repercussions. I am back using the 5 period simple moving average (SMA) for my daily trades in the spy put. Friday was no different. The market gapped open, which by the way if you have been reading my recent market direction / Read More
Over the past 4 days my SPY Put trade has not worked out. The market has rallied each day except for Monday. As many readers know on Sept 9 2011 I purchased 40 SPY Put contracts for the OCT 22nd options expiry at the strike of $115 for $5.19 for a total cost was $20,817.00 with commission. The Reason I Put In Play My Spy Put Hedge on Sept 9: My SPY Put Hedge Cash Cushion up to September 9 contained $56533.00. I felt that with Greek, one year sovereign bonds skyrocketing to / Read More
Today’s market volatility is simply excellent for the SPY Put Trade. I must admit that I am enjoying this volatility. I realize that many investors are not and I sympathize, but this is what investing is all about and I don’t believe the European Debt Crisis and Banking crisis are going to go away any time soon. I also don’t believe the economy is going to rebound any time soon as well, so volatility is probably here for some time. My SPY Put Trade though, works wonders in this climate and continues to / Read More
My Spy Put trade remains for me the very best hedge against market downturns. It is important to remember that I have confidence that the market has returned to a bear bias and could stay that way for some time. Because of this I think the Spy Put Options are the best way to hedge market turmoil. As well market volatility during periods of uncertainty makes S&P put options such as the Spy put a terrific play. Since the market was in an upswing the past few days, the spy options have experienced / Read More
Today I again I moved back to the SPY Put hedge and purchased SPY Puts. First I purchased September 121 puts at the open as the market raced higher on the unemployment news. This though was short lived and shortly after noon the market hit a new intraday low and I sold the first lot. Towards’s the day’s close I picked up a second lot of SPY Puts. Again I picked the Sept 17 121 Spy Put. Articles Being Read Right NowYUM Stock – Timing With The Ultimate OscillatorSPY PUT Back In ActionJNJ / Read More
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