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    Let's Take a Test Drive by Pay$ense

    weeklyanalysis06192010 Monday: Moody's downgrade of Greek debt marked the second time a ratings agency gave it a "junk" rating. The result left the major U.S. indexes mixed. Volume rose from weak levels on Friday. The Nasdaq, Dow and S&P 500 all met resistance at or just above their 200-day...
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    Let's Take a Test Drive by Pay$ense

    weeklyanalysis06052010 Monday: U.S. Markets were closed in observance of the Memorial Day holiday. Tuesday: June got off to a gloomy start, as stocks stumbled in a seesaw session Tuesday. The NYSE composite dropped 1.9%, hurt by oil and steel issues. The S&P 500 and Dow lost 1.7% and...
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    Let's Take a Test Drive by Pay$ense

    weeklyanalysis05292010 Monday: The major indexes closed near session lows Monday as a late slide cemented losses for the major indexes. Tuesday: A strong late rally on Tuesday spared stocks another ugly loss. While the indexes had been down in the 3% neighborhood earlier in the session...
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    Let's Take a Test Drive by Pay$ense

    weeklyobservations05222010 (reverse chrono) -F Indexes open down, but reverse up. Volume up w/options expiry. Nasdaq breaches 200 dma, but moves back up. Other indexes finding it as resistance. -Th Nasdaq futures off 33 points. Major crash. Vix spikes to new highs: 42.6 (high 46.37)...
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    Let's Take a Test Drive by Pay$ense

    weeklyanalysis05152010 Monday: Indexes chalked up their biggest one-day gains so far this year, after news of the European Union's trillion-dollar bailout proposal for Greece triggered a boisterous rebound. Tuesday: Stocks flip-flopped to a narrowly mixed finish Tuesday, but gold shined...
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    Let's Take a Test Drive by Pay$ense

    weeklyobservations05082010 (reverse chrono) -F Asia opens and tanks. Unemployment rate ticks up to 9.9%. Opening gains vanish. Tech tanks. Volume even stronger with early losses. Volume increases about 50% from yesterday's levels. Stocks hold above lower levels. Dow closes -772 for...
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    Let's Take a Test Drive by Pay$ense

    weeklyanalysis04172010 Monday: Stocks ended a quiet session Monday with a soft touch, hanging onto scant gains. The market drew mixed volume Monday — a bit lower on the Nasdaq, a bit higher on the NYSE. All in all, the action gave one the sense of a market waiting for first-quarter...
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    Let's Take a Test Drive by Pay$ense

    weeklyobservations03272010 (reverse chrono) -F Early gains in lighter volume. Stocks made it back into mixed territory after another rally fizzled. Trade still lighter. Trade was down modestly on the NYSE and sharply on the Nasdaq. -Th Early gains in volume. Nice volume - no leaders...
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    Let's Take a Test Drive by Pay$ense

    weeklyanalysis03272010 Monday: The major indexes closed near session highs Monday, with medical, retail and some car-related industries doing best. Indexes rose 0.4 to 0.9%. Volume was lower after Friday's quadruple witching, but above average on the Nasdaq. The Dow made a new closing high...
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    Let's Take a Test Drive by Pay$ense

    weeklyobservations03202010 (reverse chrono) Market showing distribution. Ending losses in high trade were relatively modest. - Modest open. Volume pulls back again. Again leadership is absent. Closed mixed. - Early & continued gains in higher trade. Education and semi stocks doing...
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    Let's Take a Test Drive by Pay$ense

    weeklyanalysis03202010 Monday: Stocks avoided a distribution day Monday as volume remained too low on the Nasdaq and NYSE. Tuesday: Stocks were calm in after-hours trade Tuesday, following a solid finish in improved volume. Wednesday: Benign inflation data and a lower dollar helped...
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    Let's Take a Test Drive by Pay$ense

    weeklyobservations01272010 (reverse chrono) Asia slightly higher. GDP weak on sales. Market opens mixed. Market up, but volume way down. Unremarkable end to an unremarkable week. Running up against overhead resistance. No leadership. - Asia drops. Market opens starkly lower. Trade...
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    Let's Take a Test Drive by Pay$ense

    weeklyanalysis02062010 Monday: The major indexes all closed high in their trading ranges as strong manufacturing data and a soft dollar boosted energy and commodities to lead the market. Volume remained soft throughout the session, providing little fodder for the bulls. Tuesday: Stocks'...
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    Let's Take a Test Drive by Pay$ense

    weeklyobservations01202010 (reverse chrono) Can adjust NQ STOP & QID STOPS - Indexes tumble (again) in higher trade. Indexes now all in the red in higher trade. WATCH NDX at this level. Market split right now. Watch NYSE, DJIA & SPX. UP in lower volume. Asia slips again. -...
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    Let's Take a Test Drive by Pay$ense

    weeklyanalysis01302010 Monday: Indexes settled for modest gains after weak December home sales whittled away the market's early gains. Turnover was sharply lower across the board. Tuesday: Stocks bounced around but ended lower after a late-session sell-off Tuesday. The Nasdaq fell...
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    Let's Take a Test Drive by Pay$ense

    Some snippets in reverse chronology (notes to myself intraday - less trades, days separated by ",") Overseas markets hugely tank. I got STOPPED (1NQ), but I can enter (short) higher. - Apple's earnings surge 50%. Indexes closed well off highs, but still up. Volume pulled back much...
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    Let's Take a Test Drive by Pay$ense

    weeklyanalysis12262009 Monday: Major stock indexes rallied on merger news Monday. Volume fell sharply on both exchanges. Quadruple witching and S&P rebalancing lifted Friday's turnover. But the breakout put the markets uptrend back in confirmed mode. Tuesday: Stocks rallied on mixed...
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    Vix: covered call question

    So there is no underlying that can go point-for-point by expiration - in the event the vix jumps - with the call -- to capitalize on the $3+ time premium? Perhaps sell the near call strike and buy the WOTM call strike? I dunno.p$
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    Vix: covered call question

    Sure - it just seems there is a difference in premiums based on the Vix price between the 20 put and the 20 call - I'm not familiar with seeing when looking at stock prices and their calls and puts. Perhaps a spread of sorts selling one and buying the other? What are these prices telling?p$
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    Vix: covered call question

    Been doing covered calls for over a decade, but don't inundate myself with "learning" a bunch of new trading stuff - when what I do *works*. But in this last 4-5 month environment - nothing seems to "work" (for me) very well. BUT, I noticed the Vix - with this <i>innocuous</i> (now)...
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