pjfrey2

Break the Cycle

"Let me tell you about the time I doubled my money on an option trade in one day." Wow, that's great! "Yeah, unfortunately I gave it all back the next day and by the end of the week I was down 50% on the trade." Sound familiar? Of course it does. It's happened to practically...

read more

Can One Equal Five?

If I buy a single Aug21 SPY 310/305 Vertical Put Debit spread how many assets do I now own? One of course! Wait, is this a trick question? One, right? The correct answer is five! If that answer didn't occur to you right away then keep reading because I'm going to reveal one of the most...

read more

Spin the Wheel

There's 'trading' options and then there's 'buying' and 'selling' options. Of course trading involves buying and selling but it's much more than that. Successful traders plan their trades and take advantage of opportunities when they present. Unsuccessful traders play options like the roulette wheel in Vegas. Put 10% of my entire portfolio on red 7....

read more

Free Netflix!

How can a option position be free? Just 1 day after establishing a NFLX position this week I had the opportunity to eliminate all cost in the position while still maintaining a potential maximum profit of $10,020. Actually, I did a little better than that. I locked in a minimum $20 profit even if NFLX...

read more

The Risk-Free Option Plan

Just 4 days after establishing a TWTR  position I had the opportunity to eliminate all cost in the position while still maintaining a potential maximum profit of $6,000. How can a ZERO dollar cost position have a potential $6,000 profit? Keep reading below and you'll see the answer to that question. First, I have to...

read more

The 1500% Trade!

This week I'm going to walk you through how I was able to buy SPX Calendar spreads on March 2nd for $2.75 each and sell them on March 14th for prices ranging from $7.00 to $45.00! That means the worst performing Calendar had a 154% return. The best performer was up over 1500%. In.Eleven.Days. Below...

read more

Vega Options – 5 Profitable Positions Last Week

Week 2 of The Art of Chart's new option service, Vega Options, is in the books. My portfolio is 5 for 5 with profitable positions and I have shared all of the opening and closing transactions with the twitter group as the week progressed. Vega Options is not a trading service however I do share,...

read more

Vega Options Weekend Review for January 26th

The first week of The Art of Chart's new option service, Vega Options, is in the books. We've had a number of people take advantage of the 14 Day Free Trial to test out the service. This blog post will review some of the actual tweets from the past week. First, since it is a...

read more

Hi Ho Silver Away

I am currently holding a long-term bullish GOLD (Barrick Gold Corp) position which has a 98% probability of profit. Now I am not a probability trader but I know some of you are so I like to mention it occasionally. I arrived at this position by buying (25) Jan2021 GOLD 20 Calls on 11/18 and...

read more

PayPal Double Calendar

PayPal offers an interesting opportunity this week. Price appears to be forming a bullish ascending triangle on the daily chart so a long position seems warranted but there is always the potential for failure. Is there a option trade structure to minimize risk and maximize gains? Let's see what might work best in the current...

read more