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Here's the latest hot setup.

I used to sell covered calls but OptionsOptionsOptions and PoopyDeek convinced me to sell naked puts. There's no fixing a bad trade unless the market does it for you.

I replaced the RSI-5 with an Awesome Oscillator. Positive green bar means deal; anything else is no deal. It seems the vast majority of times you’ll end up making money by selling puts one standard deviation or more out of the money according to the system and about the only time you’ll have a...

I got to thinking it doesn't really matter what a stock's weighted alpha is: what really matters is that it has a good chance of being bullish or not too bearish. And how do you screen for that? The 7-day Average Directional Indicator is fairly good but keeps you out of the market too much when...

The 252-day smoothed moving average tends to demonstrate the Weighted Alpha.

The way to screen for the currently-hot stocks is with positive Weighted Alpha. It does severely cut down on eligible ETFs, but it is what it is.

I thought I should make it more screenable. 7-day Average Directional Indicator tends to demonstrate what the MACD 9,26,26 says and is used for determining deal or no deal. Sometimes you can see divergence on it. As for how far out of the money to sell a put, figure for a green +DI higher on the...

What's the deal with JCP then?

By selling puts far out of the money I'm rather bearish and bullish at the same time, a position would typically have a delta of 3 or less.

I've been overly conservative in my put selling lately and looking for a system to avoid that. Don’t deal in securities that don’t have weekly options. Deal in only the highest-volume ETFs and stocks above $40, as basically if you can’t make money in them you can’t make money in anything else...

I figured 150 is safe for the next few days.

Like the American people would go through that stimulus money in 60 seconds and cry for more right away. Well, wait and see what happens.

The LRCs and the MACD 9,26,26 give a sense of overbought and oversold. Awesome Oscillator 9,26,1 tends to demonstrate what the MACD 9,26,26 says. As a general rule for the Awesome Oscillator 9,26,1, a green bar says to sell a put and a red bar says to not sell a put. The MACD 9,26,26 has the...

Figure a little over one and one-half standard deviations for ideal markets, a little over two and one-half for volatile markets and three and one-half or sit out for black swan event panic. This equates on the Chaikin Volatility 10,10 to roughly negative is 1.5 lanes, 0 to 200 is 2.5 lanes and...

Spreads suck. I'm going back to the wheel strategy.

Nobody has mutual funds except old people with IRAs basically.

Oh, I've just been fooling myself: of course there's no better oscillator than a 5,34,34 MACD.

The AO 52,91,1 sort of demonstrates what the MACD 52,91,91 says. One should have participated in the 11/21/19 through 2/21/20 bull market with the realization that it is likely overbought all along. One and one-half standard deviations OTM on the LRC is often far enough except for extra-volatile...

The MACD 52,91,91 (Ichimoku cloud oscillator) must be interpreted like a MACD 5,34,34 and gives a sense of overbought and oversold.

Since the wheel strategy seems to hold up, I started using it again to balance the bear call spreads. I decided the best stuff to trade is the highest-volume stuff. Liquidity trumps all.