For today’s Five Star episode, I wanted to highlight what my colleague and fantastic trader, Allison Ostrander has been up to. She has been crushing it in our Simpler Options trading room, and her own Mastery service, using day trading butterflies on the SPX. I’ve loved watching what she’s doing, especially because, as you know, I’m a huge fan of the options butterfly strategy myself! What is cool about what she is doing is that she uses them as a … Read more

FAANG Earnings is Through: Is the FAANGover Next? We made it through FAANG Earnings Week, and saw volatile, market moving reports from the likes of Amazon (AMZN), Apple (AAPL), and Microsoft (MSFT). However, these moves, while significant, need to demonstrate follow-through for more continuation to the upside. Whether or not we will actually get that, depends largely on how the market responds to tickers reporting this week. One of those big, market-moving tickers coming up today is Advanced Micro Devices. … Read more

Is it Friday yet? Not so fast! There are still many market-moving events up on the calendar today. First of all, we have the post-Fed move. While we can oftentimes see massive Fed-induced market rallies, they haven’t lasted. Will today be different? There are some signs of that, but until I get follow-through, I’m not willing to change my bearish take. Two major events up on the docket today are Amazon and Apple earnings. These events are going to move … Read more

Index Price Action Over the course of the last month, after the last quick down move at the end of May, the indexes have continued to chop. All of this chop, while not too exciting to trade, has created a lot of consolidation. Consolidation that will, sometime soon, breakout. However, at this juncture, it’s not entirely clear which direction it’ll go. That direction is going to largely depend on key, news-related catalysts, like earnings, the Fed, and the gusto behind … Read more