This week, let’s take a look at one way to try and buy the popular Russell 2000 ETF, IWM, for 10% off its current levels. As a bonus, we’ll get paid to do so. First let’s take a look at the chart over the last 6 months: You can see […]
bullish
10 posts
Not too long ago, in addition to a poor joke or two, I suggested bullish option trades in Intel (Ticker: INTC) after it beat earnings and promptly sold off (a lot) on concerns over its struggles with 7 nm production. Flash forward one earnings cycle and the story is the […]
QQQ has returned over 28% this year (as of 9/25/2020). Just a few weeks ago, it was even higher topping 300. Made up primarily of “tech names”, it is well ahead of the other index-based ETFs as investors and traders bid up names that have done well in a pandemic. […]
Betcha can’t eat just one. No really, don’t eat Intel’s chips. They are terrible. Worse than this joke. Back on July 23rd, Intel reported earnings. They beat Wall Street’s estimate by $0.12 ($1.23 vs. $1.11). They beat on revenue as well ($19.7B vs $18.55B). Earnings, revenue, net income, etc. all […]
The Russell 2000 has lagged behind the S&P 500 and Well behind the Nasdaq 100 (pretty much everyone is lagging behind the QQQs…). This past week IWM (iShares Russell 2000 ETF) hit its highest levels since February. I had taken the opportunity to sell a call at the 156 level […]
This week, let’s figure out how to cover the cost of an overdraft fee. Actually, you’d need to do the trade two times to cover the cost ($35!), but it is a good way to build up your trading account with a low risk, good reward trade. First a chart […]
This week we look at a bullish play in my favorite company in Idaho. No, not ADM Edible Bean Specialties (Ticker: ADM), but the maker of computer memory, Micron (Ticker: MU). Apologies for not making the obligatory potato joke. A 6 month chart shows that Micron has recovered much of […]
Tech is hot this year. As of 7/10/2020, QQQ is up over 24% while the SPY is still down (a bit). This week, we cover a stock you’ve probably never heard of – Momo Inc. (Ticker: MOMO). Descriptions are generic, but essentially it is a social networking and entertainment platform […]
Delta’s old slogan has a much different feel to it, given the current pandemic. Delta used this saying back in 1968. It must have worked well, since they brought it back for an encore in 1984. Given travel dropped over 90% at the lows, Delta likely wants us to be […]
In case you missed it, the market shot up almost 5% last week. With this big move, I had some shares of SPY called away on Friday (short call against long stock). This week we discuss a few ways to get right back into the market to position ourselves to […]