Update: low volatility has forced me to grow

Low volatility in the US markets has forced me to adapt. I stopped exclusively selling simple options spreads like verticals, strangles and straddles almost a year ago. As a matter of necessity, I now employ a much broader array of strategies, to include unbalanced condors, broken wing butterflies, back/ratio spreads, calendars, diagonals, and combinations thereof.… Read More Update: low volatility has forced me to grow

GDXJ play

I like GDXJ for a short February strangle. No significant earnings risks from holdings. The largest holding, IAG (Canada), is just 6.34% weighted as of Jan 5 and hasn’t had a post earnings close greater than 13% over the past 12 releases. AGI (also Canada), the second largest holding, hasn’t had an earnings move greater… Read More GDXJ play

Looking forward, election risk should creep back in…and JNUG

I peaked at the debate, but quickly turned off the television. I did not watch it on my smartphone or iPad or laptop or anything else. I’m not a very good voter. In fact, I’m forcing myself to write in a candidate this time, with no ideological affiliations…or the stain of political corruption. I’ve never… Read More Looking forward, election risk should creep back in…and JNUG