TheOptionMentor.com: December 2009

Wednesday, December 16, 2009

THIS MONTH'S POSITION

Due to Christmas vacation no position will be posted this month. Merry Christmas and Happy New Year!

Tuesday, December 8, 2009

TRADING SYSTEM SIGNAL - CLOSE DEC POSITION

It's possible to close our position for about a 10% profit today. So, I think we'll take advantage of the volatility rush caused by today's down move and head for the sidelines:

Calendar Spread:

Close - 6 Jan/Dec 111 SPY Call Calendars for about $1.22 each

Hedge the Calendars:

Close - 1 Dec 105 Put at about $0.40

Thursday, December 3, 2009

UPDATE

The SPY continues to trade in a channel with support at 109 and resistance at 111.75. Our trade is in good shape now but a close outside this range either way would call for adjusting the position. With the December jobs number coming out tomorrow that could happen soon.

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Trading the Market Structure

Trades are set up using the "Trading the Market Structure" method. It is derived by taking the most common trading methods, Delta Neutral Trading, Swing Trading, and Trend Trading, and combining them into one system. By combining them in this fashion they offset each other's weaknesses, thus creating an unusually effective strategy.

To begin to understand the simple technicals behind this Trading System set up your Weekly, Daily, 30 minute, and 10 minute charts with these links:

Market Structure/Entry Points/ Weekly Chart/ Daily Chart/ 30m Chart/ 10m Chart

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