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GLD Archives - Options Trading Strategies for Consistent Income - OptionPundit

How to Play Google Earnings, Again?

By | Earnings, Trade Ideas | 2 Comments

Google (GOOG) is announcing earnings today after market close. A $500+ stock and famous for it’s move post earnings, it is almost in every “speculators” list to play for the big event. I covered GOOG earnings extensively. If you are looking for a play based on detailed analysis based, check out the past trades here.  There were 4 different types of plays and all were the winners. So do you want to play again? what is your outlook on how much Google is going to move. If you expect Google to move more than $15-$20, you should not even read…

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Google (GOOG)- A Bearish Play

By | Trade Ideas | One Comment

It was an intense sell-off day with down volume accounting for over 90%. All of the major indices have now broken and closed below their September 25th lows and their uptrends dating from the July 8th. Chicago PMI had already provided hints that things aren’t that rosy yet. But hey, who knows. This might be a short term pull back, to quench the bears’ thirst, before new advance resume. Whatever your outlook is, play it cautiously. Usually not many traders want to play bearish trades on Google (GOOG) but sometime one has to take a chance. Based on current market…

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OPNewsletter Returns +6.2% in Sept’08

By | OP Newsletter, Option Trading, Past Performance, US Market | No Comments

In what could be summarized as tumultuous month for the US markets, full of volatility and extreme intradays moves and strong reversals, OPNewsletter Sept portfolios returned +6.2% including commissions. This beats my revised target of 5% including comissions (vs earlier 5-7% x-comissions). This surely wasn’t an easy month for an income trader but a portfolio approach and diversification helped me achieve positive results. I used up a max of 53% of overall capital during month and opened 5 portfolios- GLD -16.67% SPY barely break-even at +0.6% EWZ +5.3% DIA +23.57% RUT +28.64% These doesn’t include directional alerts that I sent to OPNewsletter members (DBC +30% and GS +12%, and bearish…

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Gold, Oversold

By | Trade Ideas, US Market | No Comments

Gold is oversold, that’s the theme of this post. Through yesterday, gold has been down and down, almost everyday since hitting high in Mid July’08.  Attached chart has a simple technical analysis and both RSI and MACD are in the oversold area. Each time we saw this low, Gold rallied approximately $70-$75 in following weeks. $800 is another strong fib support area. But before you jump into a straight trade, pls do your due diligence. Gold can be very volatile and is open to currency fluctuations as well as uncertain market climate. Gold has been on a downward move ever…

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Fed, Gold and Markets

By | Market Psychology, US Market | No Comments

Fed decided to keep interest rates flat, what’s the big deal? Markets staged a huge rally, Dow over 300 points; was that big deal? Gold dropped almost closed to support point $85 and Oil, metal and commodities were crushed, was that a big deal? These are not easy questions to answer but if we are invested, we need to draw hypothesis, find supporting data and move ahead for if everyone knows the answer, that is not the answer to invest in. Commodities and metals all together have been hurt badly over the past few days, Oil is nearly 20% down….

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