caputo.philip

Guarenteed Principle Protection Plan Update

AMEX:SPY   SPDR S&P 500 ETF
84 2 2
Notes are on chart.
Trance-Man
9 months ago
Love this idea, I always get confused how to play these correctly, do you have a newsletter you send out for these trades? For me it's good when I know exactly which ones to buy (Calls & Puts), dates, strikes, timing of trade etc.
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caputo.philip Trance-Man
8 months ago
Sorry for the delay, I used to circulate a newsletter among my family sometime ago because I really enjoy researching and writing about the markets but I stopped that a while ago. For now I will update you with these charts until I have enough of a following for the newsletter to be worthwhile again. My resent direction has been studying futures and options on futures. It is the same as equity options but better. This is the home of the option traders. A future contract has leverage because it defines so many bushels, barrels, of some number of units. The exchanges require a performance bond margin to trade these contracts which the profit or loss will be applied to or from. Because these are highly leveraged instruments, I do not wish to participate in the negative side of the leverage, that is, losses can accumulate just as fast as the profits. Instead I use an option for insurance and sell two other option contracts for the premium to buy the insurance. In this way I have created a stop-loss and a profit target without putting a stop-loss order in (so I do not get stopped out). Because this strategy uses options, it is best not to day trade. Swing trading and longer term horizons are fine. You have insurance on this position so you can wait it out. Less stress this way.
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