Gotta love ZERO RISK in the SP500 = $$$

The ones I sold last week were on the SPY. I'm trying to find some edge in individual stocks if I can figure out good times to sell, working on some form of a system right now. Rally's posts in the SPX credit spread trader are what I am trying to follow kind of. Something similar at least.

the way I see it...when the SPX was in that really well defined range earlier in the year, that was ideal for what you are trying to do...a sort of whippy, but well defined trading range...this market "trends" too much, not in a traditional way, but in a sort of "squeeze or be squeezed" way with tons of vertical spikes and retracements...
 
The ones I sold last week were on the SPY. I'm trying to find some edge in individual stocks if I can figure out good times to sell, working on some form of a system right now. Rally's posts in the SPX credit spread trader are what I am trying to follow kind of. Something similar at least.

I had been shot term trading REGN options and its IV was somewhat higher than most Biotech and Tech I follow but just yesterday I got filled on some end of Jan 2016 puts that I had been trying for a while on..so even that one's IV is pretty low now.
 
I remember when Porsche only had a few marquee cars...then all of a sudden they became like Chevy or something with a dozen different models...nice cars, but still, it's a way to dillute the brand...Ferrari introduced the California a few years back (nice looking car), but true enthusiasts seemed disappointed with the direction things were headed...


Every company is diluting their brand....BMW has so many makes and models now its impossible to keep up...I saw a BMW X4 the other day and i thought damn as if the X6 X3 and soon to be X2 weren't enough choices....
Also bently is coming with the most ugly looking suv as well next year...
 
Every company is diluting their brand....BMW has so many makes and models now its impossible to keep up...I saw a BMW X4 the other day and i thought damn as if the X6 X3 and soon to be X2 weren't enough choices....
Also bently is coming with the most ugly looking suv as well next year...

yeah, lol..BMW is a textbook case, should have mentioned that...it's completely comical how many models they have now...every major luxury brand succumbs to the temptation to grab "market share" at the expense of brand image...
 
the way I see it...when the SPX was in that really well defined range earlier in the year, that was ideal for what you are trying to do...a sort of whippy, but well defined trading range...this market "trends" too much, not in a traditional way, but in a sort of "squeeze or be squeezed" way with tons of vertical spikes and retracements...
Yes I agree. Right now isn't really the best for it. Too much movement currently.
 
Every company is diluting their brand....BMW has so many makes and models now its impossible to keep up...I saw a BMW X4 the other day and i thought damn as if the X6 X3 and soon to be X2 weren't enough choices....
Also bently is coming with the most ugly looking suv as well next year...

yea, realizing this dilution, I can somewhat see the interest in Telsa
 
UTX announced a $12 billion dollar stock by back today....yep keep doing those buy backs at these high valuations....how many trillions in buy backs are we up to...I know its record breaking.
 
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