Major indices winner last week? The Nasdaq 100! The Nasdaq 100 ETF (QQQ) was up 5.86% last week, with significant double-digit gains coming from big-name tech giants like NVIDIA (NVDA), Advanced Micro Devices (AMD), Alphabet (GOOGL), and others. However, the bank-heavy Russell 2000 (IWM) had no such luck losing -2.6% on the week. The only sector that managed to do worse than financials was the energy sector, with Energy ETF (XLE) losing -6.93% for the week. Over the last couple of weeks, volatility has also increased, with the VIX again trading above 25. The last time the VIX was this high was back in November; time will tell if this is a short-term blip. This week we are going with a neutral double diagonal on The Walt Disney (DIS) and a bear put spread on Cardinal Health (CAH). Read More

With today's unexpected rally in FedEx, we must take further action rather than risk assignment over the weekend. Read More

Last four rolls and two closeouts. We also have Valero Energy (VLO) and Palo Alto Networks (PANW) expiring for a decent profit. Read More

Six rolls in part 2 of 3; the remaining rolls will be published shortly. Read More

Five rolls to start March expiration month. The remaining rolls will be published tomorrow. Read More

Last week the S&P 500 ETF (SPY) finished down -4.5%, but the Russell 2000 ETF (IWM) took the biggest hit, losing -8.04%. At the beginning of the week, the market interpreted Fed Chair Powell's comments to Congress as hawkish, which raised the odds for a 25-basis point hike to a 50-point basis point hike. We also had the ADP Employment and JOLTS (Job Openings and Labor Turnover Survey) reading come in stronger than expected, which kept the 50-point basis hike narrative going into the end of the week. Then, on Thursday, SVB Financial (SIVB) saw its share price drop more than 50% early morning, but by the end of the day, SVB had lost 66% of its value in one day. SVB ultimately failed come Friday, which is the 2nd largest bank failure in US history. What a week! This week we are going with a neutral double diagonal on ConocoPhillips (COP), and a bull call spread on McDonald's (MCD). Read More

Darden Restaurants (DRI) has been verified and closed. Have a great weekend! Read More

After an underperforming February for the market, March seems to be on the right path, with all major US indices up 1.5% or more in the first three trading days. The energy and material sectors performed best, with gains of over 3%. Technology and industrial sectors weren't far behind, with gains of over 2.5%. This week we are going with a neutral double diagonal on Apple (AAPL), and a bull call spread on undervalued Intel (INTC). Read More

One roll should do the trick. Have a good weekend! Read More

The S&P 500 is again trading near its 50-day and 200-day moving averages, but now these are support levels. As the saying goes, "old resistance becomes new support," so we should see a bounce off these levels. This week we are going with a neutral double diagonal on UnitedHealth Group (UNH) and a bull call spread on undervalued Digital Realty Trust (DLR). Read More