Matt,

Just wanted to give you a quick shout out (and big thank you) on this one. After over a decade with you guys you probably know I don't post much as i'm not an active trader per se (rather sell short dated put options), but i had to on this one.  Because I really liked the chart set up, last Friday I sold a bunch of 6/18/21,  $7.50 and $10.0 puts when WISH was $8.18. Lets just say I earned another decade worth of payments for your services if the options expire worthless....   :-)  .  And then there's CCJ, which i'm long (per your charts) . Each month I just keep selling slightly higher out of the money calls, it's a regular money printer!

Hi, sent you an email outside of the trading community. 

interesting market correlation - is history rhyming?

this popped up on my phone. as we know, history never repeats itself, but it often rhymes. scary if it does and one is not prepared. chart is JFK market vs Trump mkt @ # days into presidency. https://www.marketwatch.com/story/this-chart-has-nailed-it-so-far-and-if-it-continues-the-market-is-in-big-trouble-2018-03-01#true.   good trading

What would be even more scary would be the $ amount and % of the global derivatives market the top 4 control superimposed over this graph. sorry don't have that data handy. YIKEs. thanks for the chart.

Haz

the New York Fed re: the upward bias in the 24-hours before an FOMC meeting.

"We document that since 1994, the S&P500 index has on average increased 49 basis points in the 24 hours before scheduled FOMC announcements. These returns do not revert in subsequent trading days and are orders of magnitude larger than those outside the 24-hour pre-FOMC window. As a result, about 80% of annual realized excess stock returns since 1994 are accounted for by the pre-FOMC announcement drift. The statistical significance of the pre-FOMC return is very high; a simple trading strategy of holding the index only in the 24 hours leading up to right-before an FOMC announcement would have yielded an annualized Sharpe ratio of above 1.1. Other major foreign stock markets exhibit similarly large and significant pre-FOMC returns."

thanks for the gold/silver physical update. I've been curious about the current environment. I wasn't paying proper attention when Matt sold his silver, I waited for the next bounce and only got ~$42+. I keep looking at that ~$14 but Matt hasn't rung the bell to buy mine back. so i'll wait, although it is tempting. good trading. Haz

Matt,

nice setup however, your screens are placed flat to facing 'up'. For health reasons (back and neck) I suggest they should be tilted slightly down from the top. I read that last year and has made a world of difference for my office (although I use only 3 screens). good trading.  Haz

reminder- FOMC minutes from the Dec meeting at the top of the hour. good trading, and hold onto your seats!

we are 20 to 30 degrees above 'normal' during the day, here in the NY area. wore t-shirt last weekend.

I know, i'm a broken record on this play, (thanks BPT for pointing it out last year) but it keeps working so I keep 'putting' it on (at lower strike prices of course). stock @ $4.42, Jan 4 puts @ $0.20. company has $4.09 in cash @ 9/30/15. Company burns $8 million per quarter. @ 12/31/15 they should have $3.95 in cash. Thus, should you get assigned on selling the Jan 4 puts, in theory you will own shares below cash value.

while they report next week, I show they have ~$4.25 in cash. makes an interesting January short-put option trade. hmmmm have to work on this tonight. thanks for the idea.