Sunday, August 25, 2013

Late in the week a ton of economic data what will you do?



I'am thankful for another good week of option trading! Slow Money Option Traders made money in the SPY and AAPL.  Thursday is going to be a busy day ,I will be cautious in my trades as I start looking on the last hour of the day Wednesday afternoon . If I don't find any I like usually wait until Thursday morning after Im finished with FMT.
This coming week our greatest challenges going to be at week's end. We have a couple major things that will set the stage early in the week, especially Tuesday with Germany given us a view of what their consumer sentiment looks like.

Thursday is going to be the big day that we need to watch. Before the market opens this is when we get a lot of economic formation on both the United States and Germany. It seems like Germany's really in the news this week so it is a country's economy we should watch.

Friday we have more news, especially with a another speech by the  FMOC  before the markets open, but it shouldn't be as great of an impact and we will learn more as the week progresses what is expected from them. Thursday's going to be a big day before markets open so we need to keep this in mind if we are going to trade, especially Fast Money Options. 

 Please review last weeks comments . . . there all coming true.  We're in the terminal stages of a Bernanke-driven bubble,
So how did SLOW MONEY OPTIONS do for the week?  I had announced 3 trade recommendations on Thursday all  OK.  My AAPL call spread did fine producing 15%.  The SPY put spread 3% and the call spread 4%.  RULES, RULES, RULES but I like it. Late in the day on Thursday the markets gave us a bonus with the OTC exchanges shut down, It was running out the clock on out option trades. 

Remember always take the more conservative spread is the reason that I give you choices.  What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading.  The choice is yours take responsibility.

I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money.  Thank you for letting me serve you, I consider it a privilege to work with each of you.  I strive to make a successful trade one week at a time.

Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members. 

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