Disney is out with earnings after the bell. We have a new equity and option trade in Disney. We are starting a longer-term equity position today with a buy. Buy a half a position in Disney as of this market update. We plan on entering the other half at some point in the future. We also are buying a debit call spread in Disney for their earnings. This is a bullish options trade that expires Friday and is high risk, that will result in a 100% loss on many occasions. Equity Trade Buy half a position in Disney. It is currently...

Markets begin another week with higher prices across the board. We have 4th quarter GDP due out this Thursday, as well as many equities reporting earnings including NFLX tomorrow, TSLA on Wednesday, INTC on Thursday, as well as many others. We have the Fed meeting next Wednesday, and it will be interesting to see what they have to say about a possible March cut. I do not see March as the meeting they will begin cutting, as they can probably hold out for 1-2 more meetings beyond March before they start the cuts. Markets are pricing in about a 40-50%...

Rocket112723 Rocket Equities & Options Report 11-27-23 November 27th, 2023 by Tommy O’Brien The market has now roared higher with the ES trading from 4,122.25 on October 27th to a recent high of 4,580.50, that’s 458.25 ES points, or a 11.12% rise in about 1 month. The NQ just went from 14,140.25 to 16,173.50, a rise of 2,033.25 points or 14.38% in one month. This has all occurred with yields dropping dramatically. Yields on the 10 Year Treasury have dropped from above 5% to 4.43% as of today. The market has reacted accordingly. I’m including a chart from Bloomberg this...

There was a typo in the prior update.  For clarity, in this morning's Iron Condor, we were selling a call spread about $2 above the market, and doing the same thing with a put spread about $2 below the market. The SPY has moved lower, yet our 4 leg option trade it is still trading right at about $0.50 for all 4 legs of the trade. The SPY was at about $437 as of this morning's update. It's now trading at about $435.40. Sell the Nov 9th $439 call Buy the Nov 9th $440 call Sell the Nov 9th $435...

We lost most of our capital in the option trade yesterday as the market traded higher above our profit range. We are making a similar trade today. Keep your risk in check with these trades as we may be making more of them going forward, and you will have plenty of losses along the way when making 50/50 option trades that expire the next day, but I think we are in a profitable trade set up right now to absorb some volatility premium, even with a VIX near $15. We are placing an Iron Condor in the SPY that expires...