For this week's trade, we're buying a $CVX October 180/200 Bull Call Spread for approximately $6.50 here. This means we're long the 180 calls and short an equal amount of the 200 calls for a net debit.
Back on February 2nd, we initiated a long-term bullish bet in Chevron $CVX January 2024 150-strike calls. You can read all about our thinking at the time here. In short, we were...
If you joined JC and the guys on our live twitter spaces session today, towards the end you heard me venting my current frustration in finding good opportunities to make directional bets in either direction right now. It's tough sticking our neck out...
From a directional standpoint, there currently aren't any stock ideas on the board that are getting me excited to get involved in either direction. Bear markets can do that.
However, from an options premium selling point of view, there are...
The team at All Star Charts lately has been talking about how a lot of stocks are displaying declining moving averages and share prices continue to trade below these downward-sloping moving averages. There is nothing bullish about that.
Ok, so the market is bouncing and its offering a nice reprieve to those who've been caught on the wrong side of the recent slide. Does this mean the bottom is in?
It's far too early to tell. And that's not the bet we're making just yet. In...
