IBD Investor’s Business Daily IBD…

IBD Investor’s Business Daily IBD Weekly – 2018 Best Online Brokers survey. Week of Jan 29
Top Overall Customer Experience – 1. Fidelity (F), 2. Charles Schwab (CS), 3. TradeStation (TS), 4. TD Ameritrade (TDA), 5. Interactive Brokers (IBD).
Low Commission & Fees – 1. IBD, 2. F, 3. CS; 4. TS, 5. Merril Edge (ME).
Trade Reliabilty – 1. F, 2. IBD, 3. CS, 4. TS, 5. TDA.
Site Performance – 1. F, 2. TS, 3. CS, 4. TDA, 5. IBD.
Customer Service – 1. F, 2. CS, 3. Scotttrade (ST), 4. TDA, 5. ME.
Research Tools – 1. F, 2. CS, 3. TS, 4. TDA, 5. ME.
Options Trading Platform – 1. TDA, 2. TS, 3. IBD, 4. F, 5. CS.
Mobile Trading Platforms – 1. TS, 2. IBD, 3. F, 4. TDA, 5. CS.
Other categories not recorded: Equity Trading Tools, Investment Research, Low-Cost/Free ETF Trading, Portfolio Analysis & Reports, Educational Resources, Trade Ideas, Inv./Ret. Planning Tools

Surprised that Fidelity was so consistently high, oh well, TOS one down…good night, y’all.


Trading high yielding #ShortPuts and #CoveredCalls a walk through of the basics from doubledividendstocks.com


Short Trading Next Week

US Stock Market Holidays
All major US stock exchanges (NYSE, NASDAQ and American Stock Exchange) follow the same holiday schedules as listed below. There is no insider trading reporting in these market holidays.

2018 US Stock Market Holiday Calendar
2018 Market Holidays Date
New Year’s Day Monday, January 1, 2018
Martin Luther King Jr. Day Monday, January 15, 2018
President’s Day Monday, February 19, 2018
Good Friday Friday, March 30, 2018
Memorial Day Monday, May 28, 2018
Independence Day Wednesday, July 4, 2018 (1)
Labor Day Monday, September 3, 2018
Thanksgiving Day Thursday, November 22, 2018 (2)
Christmas Tuesday, December 25, 2018 (3)
(1) The market will be closed early at 1:00 PM on Tuesday, July 3, 2018 Eastern Time.
(2) The market will be closed early at 1:00 PM on Friday, November 23, 2018 Eastern Time.
(3) The market will be closed early at 1:00 PM on Monday, December 24, 2018 Eastern Time.

Also note that Monday, October 8, 2018 (Columbus Day) and Monday, November 12, 2018 (Veterans Day) are federal holidays and there are no insider trading reporting.


#ShortPuts STO 2 Apr 20 35 puts @ 1.60 manage to 50% watch earnings about Mar 15.
#CoveredCalls BTC Jan 19 40 cc @ 1.10, STO Jan 2 @ 1.00 it’s an $18 loss, shares broke above 40, cost basis 40.965, now trading @ 40.30. With .45 div still ahead, but need to watch upward ticks on CC, IV51.60.

The latest conundrum…

A lot of monkeys lived near a village. One day a merchant came to the village to buy these monkeys! He announced that he will buy the monkeys @ $100 each.

The villagers thought that this man is mad. They thought how can somebody buy stray monkeys at $100 each? Still, some people caught some monkeys and gave them to this merchant and he paid them $100 for each monkey. This news spread like wildfire and people caught monkeys and sold them to the merchant.

After a few days, the merchant announced that he will buy monkeys @$200 each. The lazy villagers also ran around to catch the remaining monkeys! They sold the remaining monkeys @$200 each.

Then the merchant announced that he will buy monkeys @$500 each! The villagers start to lose sleep! … They caught six or seven monkeys, which was all that was left and got $500 each.

The villagers were waiting anxiously for the next announcement. Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @$1000 each! He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.

The merchant went home. The villagers were very sad as there were no more monkeys left for them to sell at $1000 each. Then the employee told them that he will secretly sell some of the monkeys @$700 each. This news spread like wildfire. Since the merchant now buys monkeys @$1000 each, there is a $300 profit for each monkey.

The next day, villagers made a queue near the monkey cage. The employee sold all the monkeys at $700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!

The villagers took care of their monkeys & waited for the merchant to return. But nobody came! … Then they ran to the employee but he had already left, too!

The villagers then realized that they have bought the useless stray monkeys @ $700 each and are unable to sell them!

Now you understand how Bitcoin works.

Well with that solved, back from PSP and ready to go to work…LOL

Happy New Year to my…

Happy New Year to my trading friends at Options Bistro!
Off to PSP for 10 days taking a “double” on the temp from here in PDX.

Special thanks to Jeff for all his leadership and guidance.

Thanks everyone for all your thoughtful comments and sharing!

Be safe, see you next year.

TRTN #coveredcalls Bought To Close…

TRTN #coveredcalls
Bought To Close 2 $TRTN Jan 19 40 calls (covered) @ .75. Sold To Open -2 @ 1.55 on Dec 20 taking 50%.