Archive for February, 2009

• Introducing IWO Live Video Chat
  stevenplace, February 26th, 2009 at 7:09 am, Comments: 0

  Got my brand new Sony Webbie yesterday and I gave the webcam capabilities a test drive. I set up an account on ustream.tv and invited people to come watch me drink beer and talk about stocks. Turned out pretty well and I think I’ll be doing it much more often, but this time I’ll announce [...]

• Buying Insurance Using VIX Options
  stevenplace, February 25th, 2009 at 1:20 pm, Comments: 0

  Let’s say you’ve got a portfolio that is pretty delta positive (bullish) but you’d like to hedge against market risk. There’s a couple of ways to do that. You could buy puts on the stock or calls you own, or move into covered calls. But that would limit you’re overall gain in the name. You [...]

• Hello New Users!
  stevenplace, February 25th, 2009 at 8:48 am, Comments: 0

  Yes, I’m the creator of IsThisTheBottom.com, and I’m glad you’ve decided to come on over and give my blog a look. I’m working hard to pump out some new content for your guys, but if you want some other articles to peruse, check out these links:
  How To Trade Iron Condors – This is how I [...]

• Technical Analysis of USDJPY
  stevenplace, February 20th, 2009 at 6:43 am, Comments: 0

• My Dummy Options Expiration Trade
  stevenplace, February 18th, 2009 at 8:21 am, Comments: 0

  One of my favorite times of the month is options expiration week. That means front month time decay is always going to be much larger than any other time.
  So I was going through some screens and I stumbled onto AEM. They’re a gold miner, and they’ve had a pretty decent chart and some great relative [...]

• How To Trade Iron Condors
  stevenplace, February 16th, 2009 at 1:13 pm, Comments: 0

  Iron Condor spread trading is one of the more popular strategies when using stock options. It gives you the opportunity to make money provided the underlying stock or etf stays within a certain range, and the loss you may incur is well-defined and limited.
  This strategy works very well when the markets are not trending hard… [...]

• What’s the Next Downward Catalyst
  stevenplace, February 16th, 2009 at 8:03 am, Comments: 0

  I’ve been saying sometime now that there will most likely be new lows in the equity markets this year… but I can’t say when.
  Notice that the large, downward-sweeping, capitulative moves in 2008 were mainly event-based. These events compromised the structural integrity of our financial system, forced redemptions in funds, and dissolved any trust in risk [...]

• DTV Trade Followup
  stevenplace, February 13th, 2009 at 6:51 am, Comments: 0

  Well this trade has worked out phenomenally [see earlier post]. Currently the position is up about $670. The assumption that it would stay within this range after earnings was proved correct, and we’ve seen a lot of the volatility in the front month come out, so the ATM options we sold deflated by a significant [...]

• DTV Earnings Straddle
  stevenplace, February 9th, 2009 at 8:56 am, Comments: 0

  Personally, I think DTV is stupid and unscalable. But I don’t let my opinions get in the way of trades.
  DTV has earnings on Feb 10th. Implied volatility is  a little higher and has been declining along with the market. Here’s the trade
  Sell -10 DTV Feb 09 22.5 Straddle 2.07 or better
  Statistically it’s a better than [...]

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  IWO Video for Week of 2-8-2009
  stevenplace, February 8th, 2009 at 5:13 pm, Comments: 0

  Watch IWO Video 2-8-09 in Celebrity Videos | View More Free Videos Online at Veoh.com