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  • Back to Basics: Covered Calls

    As I mentioned earlier in the week we are in something of a waiting game mode as markets remain range bound ahead of next week’s FOMC meeting.  Of course that doesn’t mean that stock’s aren’t moving within this wide range; in fact this morning the S&P 500 Index dropped 2% in about 90 seconds following […]

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  • Bad News Is Bad News

    Yesterday, I discussed how we are in something like that of a “Bizarro World”, in which bad news was treated as good news and vice versa. This was backed by the notion that weak economic data, such as a drop in the Purchasing Managers Index (PMI), would be a sign the Fed could stop raising […]

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  • Why Jerome Powell May Have Just Blinked

    With the simple statement,“It might make sense to moderate the pace of rate hikes” Fed Chairman Jerome Powell sparked a rally in stocks yesterday, which pushed the S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ) up 3.1% and 3.8% respectively; their second largest rally in over 6 months. The rally meant Options360 had to […]

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