Posted on January 24th, 2023
I teach what I do and the process I follow in options trading is three-fold. 1) Spot the Opportunity. 2) Crete an acceptable risk options trade and then 3) Manage that trade for profit or loss. This educational piece is going to discuss a concept in accomplishing number 1 – spotting an opportunity. The opportunity […]
Posted on January 23rd, 2023
Let’s start the week with a view of the current batch of options classified by the various means from the Morning Report Lists my tools (www.tomsoptiontools.com) provide daily. As for which one to choose to either research further or trade one can first start by assessing what your anticipated direction for the market is. If […]
Posted on January 20th, 2023
Monday, January 16, 2023 was a bullish day for the SPY, (my ETF that I use to analyze my directional sentiment for US equities. That gave an indication a run towards the recent high for SPY at 410 was possible. Alas, it did not work out that way as the next three trading days were […]
Posted on January 19th, 2023
Economic Data and Earnings Season Could Make or Break the Market Core CPI (Consumer Price Index) numbers were reported today. The numbers reported shows the CPI fell 0.01% in December. This is what was expected and it’s the biggest drop since April 2020. This gives an indication inflation may be slowing down and that helped […]
Posted on January 17th, 2023
Here we are at the midway point (give or take a few days) of the first trading month of 2023. On January 03, 2023 I provided images of the Morning Reports lists for all the option categories that comprise those lists. I have done this many times before in these Daily market Insight articles and […]
Posted on January 13th, 2023
Many of you may have already heard that saying when it comes to trading. I just threw in the word option as that is what I primarily am – an options trader. There are times where something comes up when watching the financial news networks that may say something about a trade you are already […]
Posted on January 11th, 2023
Welcome back to trading and investing, everyone. For those that know of me and my team and what we do, you know we are options traders. For those new to me and my team… we are options traders. We use a Rules Based approach to trading options on stocks and ETF’s. The process is… This […]
Posted on January 10th, 2023
Read Part 2 Here! I want to wrap this 3-part educational series on Options Trade Management with education on types of closing orders. When gets into an option trade, whether it be a bullish or bearish one it is considered opening an order or having an open order. Because options have an expiration date and […]
Posted on January 9th, 2023
Read Part 1 Here! Managing a Loss on an Option Trade The current 3-part series on basic option trading education is about managing your option trade. Part one dealt with when to consider taking a profit on an options trade. Today, part Two will educate you all on when to consider taking a loss on […]
Posted on January 6th, 2023
There are times in options trading one feels the markets are out to get you and it seems a gain or a win is never going to happen gain. That is only true if you stop trading completely. There are times where a gain happens, and you are unsure if you should close the trade […]
