Folks, My middle daughter, Elise is getting married next week in New Orleans. What a nice looking couple. So I am prejudice. Can you blame me? So this is my last post for two weeks. My plan is to squeeze a few rounds of golf. My bucket list includes Golfing in all 40 States in the USA. Do not forget the unemployment trade for next Thursday. Rumor has it that Alex will join us when I get back for DNOWS trading meetup….. TraderDad.
Cherry Picks Newsletter:
https://s3.amazonaws.com/cherry-picks-s3-bucket-newsletter/live/17_06_27_tastytrade_Research.pdf?mc_cid=46dea6685f&mc_eid=e9e24bad07
The Tastytrade Researchers are at it again. There is hugh opportunity in XLK (Technology) and QQQ (Nasdaq), if you know how to trade high Implied Volatility Rank (IVR). For me, J lizards at index bottoms….
GDP: GDPNOW is steady at 2.9% for 2Q/2017. Wondering if the Fed recent rate hikes are impacting Auto and Home sales. What do you think? How would you trade this if the impact is negative?
Monthly Jobs Overnight Play - 6/07/2017 8:30AM Unemployment Data
This trade takes advantage of the volatility crush around the monthly employment data
Entry: SPX 10-16 Delta Iron Condor
Time: Thursday before Unemployment, 2:30pm in the afternoon.
Expiration: Friday (1 day) or Wednesday Expiration (6 day)
Width: Try to collect $1 on a $5 Wide and/or $1.5 on a $10 Wide
Exit: 50% profit target Friday morning.
Adjustments: Rollout tested side 1-4 weeks
Video: Employment-Analysis - Market Measure 11-6-2014, Skip first 2:30 minutes
https://www.tastytrade.com/tt/shows/market-measures/episodes/employment-analysis-11-06-2014E-currencies: Bitcoin, Ethereum, Steem, Litecoin
There is a huge market correction ongoing with these e-currencies. So without a way to hedge or short them, the only solution is buy the dips when you think the bottom is in. Do this small and but please engage as this is the new form of money going forward.
https://www.coinbase.com/charts?locale=en-US
https://www.worldcoinindex.com/coin/steem
TraderDad (me) has been busy blogging. Check out this one regarding Amazon vs Walmart Epic Battle.
https://steemit.com/life/@traderdad/amazon-vs-walmart-abundance-vs-scarcityTrump Trades -
Trump Care Passes House, Senate Stalls… Long Insurance, Short Hospitals and Pharma
Syria Cruise Missiles and ISIS MOAB - Long TKN and GD
Daily Tweets - Twitter Covered Calls and/or Wheel of Fortune
Media Attacks - Long NY Times, CNN, MSNBC, SNL….
Budget Framework - Long Defense,
Private Prisons Increase - Long CXW, GEO
Tax Reform - Lower Business Taxes, Eliminate AMT
Repeal Fiduciary Rules & Dodd Frank - Long Banks
Regulation Freeze - 1) For each new regulation, two must be eliminated. 2) Costs impact must be neutral..
Federal Hiring Freeze ( hire 1 if replaces 3 or 4 folks)..
Stopping Trade agreements - Short farmers, What does new Mexico / US Sugar deal mean?
Real Estate - Long BXTRADE Log: VIX< 11 Low Volatility Trades
- RUT Put and Call Calendars
- SPX Weekend Butterfly
- SPX and RUT 3 Day Rusty Flies Cubed
- WMT JLizard (response to AMZN/COST deal) - 10% Weekend Winner
Videos:
Doc Severson / Theotrade 2017-06-27 Divergence Against Big Tech Pressures Market