Profits hit on our last SPX butterfly, and the new one goes right to work. Also, here’s how we’re handling the SPY butterfly at the .786 retracement and we’re working a new GLD position. (more…)

This is an exclusive, members-only webinar that takes a deep dive into our current positions, potential trade setups, our trading methodologies, and have all of your questions and comments addressed! (more…)

The S&P’s look to have completed wave 4 and are ready to begin pushing higher. We booked profits on our SPX trade will manage our SPY butterfly that expires this week. Also, we might expect additional strength in the non-tech sectors like industrials, materials, and financials. However, a lot of potential movement hinges on where the TLT goes. (more…)

S&P 500 is tracing out a 4th wave allowing us the opportunity to collect more option decay in the SPX and SPY butterflies currently at work. It looks like the upside will be tested shortly, so let’s remain diligent managing our open profits. (more…)

Managing our SPX and SPY option positions as the indexes are starting to threaten a rollover.
Is this time different with a potential ending diagonal in the NDX that can really boost the volatility? (more…)

Just a quick update here as I’m on the road. The interview with Prechter went extremely well and look forward to sharing the footage. Tech stocks are once again under pressure and the bond market looks to be in the process of carving out a low so we need to watch our JPM position. Our SPX position is almost at our profit target so stay tuned. (more…)

All range and no trend may seem like it makes Jack a dull trader, but they are great for positive theta traders like us! We are positive theta in SPX, SPY, JPM, and AAPL. Heading out tomorrow interview Prechter for my new Elliott Wave training course. If you have a question for him, drop it in the comments below. (more…)

This is an exclusive, members-only webinar that takes a deep dive into our current positions, potential trade setups, our trading methodologies, and have all of your questions and comments addressed! (more…)

Let’s answer a client question and then look at the 2 new butterfly positions in JPM and SPY. Plus, please take a few minutes to answer this client survey. Thanks! (more…)

I’ve begun updating the chart room this weekend and we have a couple upside levels in the stock indexes that might be tested and if so will likely hold resistance. Despite upside resistance, we are well entrenched in a bull rally and here are some of the sectors and stocks driving us to new highs. (more…)