Alpha Man

Alpha Man
Send Message
View as an RSS Feed
  • Is The U.S. In A Recession?  [View article]
    You can say that again...

    and again

    and again

    but what exactly did you say?
    Jan 15, 2016. 06:44 PM | 12 Likes Like |Link to Comment
  • Is The U.S. In A Recession?  [View article]
    Probably a good time to get heavily short the market, right?
    Jan 15, 2016. 06:42 PM | 1 Like Like |Link to Comment
  • Is The U.S. In A Recession?  [View article]
    The market is anticipating a 2008 style economic calamity and corresponding market meltdown. It remains to be seen whether we get that level of economic weakness but due to the "recency effect", many are expecting it
    Jan 15, 2016. 06:41 PM | Likes Like |Link to Comment
  • Is The U.S. In A Recession?  [View article]
    There are just under 8 million officially unemployed so I guess you are saying that there are 87 million people that want work but aren't looking, dropped out of the labor force because they are discouraged?
    Jan 15, 2016. 06:13 PM | Likes Like |Link to Comment
  • Is The U.S. In A Recession?  [View article]
    What is the definition of those 95 million? Are you suggesting that those are all people who want jobs and can't find one?
    Jan 15, 2016. 06:07 PM | 2 Likes Like |Link to Comment
  • Are Covered Calls The Next To Better Thing?   [View instapost]
    RK,

    That's a good suggestion, it would likely be simpler to just use puts although I do like the combined strategy of call diagonal calendars and naked puts as well.

    I started playing with some backtesting of call calendars for 2008 and 2013 last night, it's manual and therefore a bit tedious but looked pretty good so far.

    As an aside, I read an interesting book quite a while back called "Put Options" by Cohen. He advocates writing puts on individual stocks (he used Dow 30) and hedging with OTM index puts. A neat strategy but many stocks don't have liquid options even in the Dow. He suggests the premiums on individual stocks are collectively higher than the index and hence provide an edge.
    Jan 10, 2016. 11:17 AM | Likes Like |Link to Comment
  • Are Covered Calls The Next To Better Thing?   [View instapost]
    Thanks again for sharing your knowledge, I was referring to put calendars vs call calendars. I have some familiarity with put calendars (diagonals) as a result of your previous articles. I have been using your put calendars with reasonable success as a hedge and to take a protected short position off and on over the past two years. I'm considering using the put calendar hedge for a portfolio of stocks for a portion of my portfolio along with your call calendar strategy once I understand it better.

    Again, I can't thank you enough for your efforts to educate me and others on conservative option techniques
    Jan 9, 2016. 12:26 PM | Likes Like |Link to Comment
  • Are Covered Calls The Next To Better Thing?   [View instapost]
    RK,

    Why do you use Calendar call spreads instead of puts? Is it because you can also write the naked puts to target a return of 20%?

    Are there pros and cons of put calendars vs call calendars?

    Thanks,

    AM
    Jan 9, 2016. 09:31 AM | Likes Like |Link to Comment
  • Weighing The Week Ahead: Will There Be A January Effect?  [View article]
    Larry, is the PPT on vacation this week?
    Jan 7, 2016. 01:27 PM | Likes Like |Link to Comment
  • Panic Time?  [View article]
    I think that works better after a steeper correction, we're only off around 7% from the highs and the market is fully valued right now. Profit growth is tepid right now
    Jan 7, 2016. 09:33 AM | 15 Likes Like |Link to Comment
  • Are Covered Calls The Next To Better Thing?   [View instapost]
    Very interesting, thanks so much for the reply. I need to study this for a while to completely understand it. You are certainly a wealth of knowledge concerning options, that I've not really found in any book on the subject.

    AM
    Jan 3, 2016. 03:32 PM | Likes Like |Link to Comment
  • Are Covered Calls The Next To Better Thing?   [View instapost]
    Ken, In a comment to another article you said "2015 was the perfect year for put selling ... it was flat and volatile. In these conditions, a properly structured put selling strategy would return 26%. Therefore, one must measure their own performance against the 26% benchmark to conclude how successful they were in picking strikes and expirations."

    Can you expand on how one would do that? Would "Calendars" be a good way to do that, perhaps writing 6 short term puts against 10 long term puts? It seems that ratio might still give good long term protection. How did you arrive at the 26% figure?

    Thanks,

    AM
    Jan 2, 2016. 02:03 PM | Likes Like |Link to Comment
  • Why 2016 May Not Be Such A Good Year For The Markets  [View article]
    While I think the market is going down by 20% or so, how much of the earnings decline is concentrated in the oil sector?
    Dec 25, 2015. 08:04 PM | 2 Likes Like |Link to Comment
  • Why 2016 May Not Be Such A Good Year For The Markets  [View article]
    RSP appears to be down 1-2% YTD
    Dec 25, 2015. 07:38 PM | Likes Like |Link to Comment
  • A Mess Of Our Own Making  [View article]
    If they found them in Syria, why did they go to war in Iraq?
    Dec 17, 2015. 02:57 PM | 1 Like Like |Link to Comment
COMMENTS STATS
478 Comments
416 Likes