Link to the watchlist: http://tos.mx/rhnHuj
Happy trading folks. My trading room beta’s waitlist period is over….
Meaning you can hop in for free for now as I build it out! Come on and stop by if you get a chance.
As noted above, today in history..well I guess yesterday based on your timezone…June 14th, 1777, the Continental Congress adopted the Stars and Stripes.
As usual, this list is in no particular order…just stocks I’m looking to make some significant moves considering events (tomorrow namely the Fed), unusual options activity, big block trades today, earnings and news that caught my eye.
If you have thinkorswim, here’s the link to get it directly into your platform: http://tos.mx/Kw0fH8
I also exported it as a CSV for you guys here and have a picture below.
DrosNotes later or in the morning.
Today In History:
“Mr. Gorbachev…tear down this wall.” – Reagan, June 12th, 1987
A product funded and owned by the CBOE (Chicago Board of Options Exchange).
The Put to Call Ratio of Open Interest on $SPX [the S&P 500] for the next month of option expiry dates.
$VIX [$VXX / $UVXY / $SVXY / $TVIX / $VX_F / etc…]
THE FEAR INDICATOR.
Whoa whoa. Things really got out of hand there.
We went from a thirty-day forward-looking Put To Call Ratio on a basket of 500 stocks to FEAR.
Which is better, active or passive portfolio management?
This is a debate that was running pretty hot for the lovely cushion of a bull market Quantitative Easing & the Presidential cycle brought us.
Then we started pulling off the highs with aggression.
A ‘war’ threat with North Korea. Escalating tensions with Russia. Tariffs. Fed rate hikes.
In a (seemingly) over-extended market, pick a reason and you’ll start to see some selling as soon as panicked longs find a reason to get scared. MarketWatch was kind enough to state the reason for all this pullback was mere $VIX. Yet that makes no sense. At all.
Tesla shares slid hard this week.
While Puts would’ve been an easy enough trade, I didn’t take them because we’ve been here before with this stock. Quite literally.
I’ve ridden this stock up a few times now for some major gains. But the turn-around points tend to be harsh and immediate, so the loss of value on Puts can be quick.
The year is 2013…