The market continues to sit on pins and needles as investors question the prospects of economic and earnings growth, the speed of rate hikes and the likelihood of trade deal in 2019. Our response is to once again add some downside protection.
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Despite the market welcoming seemingly dovish comments by Fed Chair Powell, near-term risks remain. Robust digital shopping over the holiday weekend has us adding back a call option position in UPS.
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We are adding a defensive consumer play to the Tematica Options+ trade blotter to capitalize on the “retro” trade for inelastic consumer products, better known in thematic-speak as Middle-class Squeeze centric products and retailers.
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As expected, the last few days in the market have been a proverbial see-saw, which culminated in the sharp market rally following the mid-term elections. The outcome, which saw the Democrats gain ground in Washington, was largely expected. We’ll see in the coming weeks and months the degree of gridlock to be had in Washington and what it means for the economy, but we have to remember several other concerning items remain ahead of us.
read more »We are booking a hefty win in our Chipotle calls this week, putting the initial capital and big profits into the war chest as we wait out the next leg of the September quarter earnings season, the one that wiped out most of the market’s year to date gains.
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In a volatile market that can whipsaw from one day to the next, we are preserving subscriber capital and sitting on the sidelines in terms of new positions.
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As the stock market finds its footing, the September Retail Sales Report keeps us bullish on our UPS calls and offers favorable data for a new call option position in Chipotle.
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After another tumultuous day in the stock market and big gains for our SH calls, we are taking the money and running as bank earnings help the market recover some lost ground.
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The reasons for our adding inverse S&P 500 ETF calls several weeks back have panned out, and we are booking some big gains with that position even as we were stopped out of our AMZN and OLED calls.
read more »Yesterday, the National Retail Federation published its 2018 holiday retail sales forecast, which covers the November and December time frame and excludes automobiles, gasoline, and restaurants sales. On that basis, the NRF expects an increase between 4.3%-$4.8% over 2017 for a total of $717.45- $720.89 billion.
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