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  1. 1

    FOMC announcement at 12:30

    Is that why the S&P went crazy at 12:30 EST?
  2. 1

    How to spot a trading snakeoil salesman

    You understand "get rich" marketing very well. Same thing happens with those guys who sell real estate investing courses. Do you know how they made their millions? Hint: it wasn't from real estate investing (the thing which they claim to be experts at).
  3. 1

    A profitable journal with all entries/exits posted in advance

    Sorry I didn't post an update yesterday; I was visiting family. Here is yesterday. 9/11: Open position: SPY: $584.00 Call proceeds: $64.75 ------------------------------------ $649.75 And here is today. 9/12: Open position: SPY: $632.00 Call proceeds: $64.75...
  4. 1

    A profitable journal with all entries/exits posted in advance

    9/10: Open position: SPY: $544.00 Call proceeds: $64.75 ------------------------------------ $609.75 11 calendar days until option expiry Max potential SPY value is $144.99 ($692 profit) above which my position will be called away. 9/21 is the next ex-dividend date
  5. 1

    A profitable journal with all entries/exits posted in advance

    9/7: Open position: SPY: $626.00 Call proceeds: $64.75 ------------------------------------ $691.75 14 calendar days until option expiry Max potential SPY value is $144.99 ($692 profit) above which my position will be called away.
  6. 1

    A profitable journal with all entries/exits posted in advance

    No criticism taken. I appreciate the feedback. I have no idea how much higher SPY is going to go. Selling a call seemed like a way to test the waters here. If the position gets closed out it's not big deal. And if it doesn't, it's also no big deal. I have no data suggesting that a new...
  7. 1

    A profitable journal with all entries/exits posted in advance

    9/6: Open position: SPY: $570.00 Call proceeds: $64.75 ------------------------------------ $635.75 15 calendar days until option expiry Max potential SPY value is $144.99 ($692 profit) above which my position will be called away.
  8. 1

    A profitable journal with all entries/exits posted in advance

    Are the charts I post every day not showing up?
  9. 1

    A profitable journal with all entries/exits posted in advance

    Sept $145 call sold for $74. Watch price go straight up now :D
  10. 1

    A profitable journal with all entries/exits posted in advance

    Thinking very strongly about selling a September 145 call. It's only $73 though which will be about $64 or something after commissions.
  11. 1

    A profitable journal with all entries/exits posted in advance

    Gap up outta nowhere! Glad I didn't sell that option yesterday. We're 7 cents away from the 52 week high.
  12. 1

    A profitable journal with all entries/exits posted in advance

    9/5: Open position: SPY: $284.00
  13. 1

    A profitable journal with all entries/exits posted in advance

    Price is going nowhere. I'm about ready to sell a SPY call. Deciding on a good price. Of course, as soon as I do this, price is going to shoot upward :D
  14. 1

    A profitable journal with all entries/exits posted in advance

    9/4: Open position: SPY: $296.00
  15. 1

    A profitable journal with all entries/exits posted in advance

    8/31: Open position: SPY: $309.00
  16. 1

    A profitable journal with all entries/exits posted in advance

    8/30: Open position: SPY: $242.00
  17. 1

    A profitable journal with all entries/exits posted in advance

    8/29: Open position: SPY: $344.00
  18. 1

    A profitable journal with all entries/exits posted in advance

    True. Every strategy has times when it works well and times when it doesn't. Since I am unable to predict direction (otherwise I would've gone long with my entire account instead of with 100 shares of SPY, and would've sold at the high on the 21st), this is the way that works best for me...
  19. 1

    A profitable journal with all entries/exits posted in advance

    I started with half my normal size this time, but I have to start small so I have more to add later. Not much has happened in the last month, though, so my small position hasn't really done much.
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