December 3rd, 2013
This week is a good time to take a little break from the market (it’s the holiday season and volatility usually slows to a crawl and edges a little higher – it’s called the Santa Claus rally). It is a great time to own calendar spreads or my favorite ETNs (ZIV and XIV, two equities that have nearly doubled in each of the last two years).
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If the market knocks you down, try laughing instead of crying –
Some Market Definitions:
CEO –Chief Embezzlement Officer.
October 26th, 2013
Two weeks ago I told you about an options investment I made in Google. This investment was made just before Google was scheduled to announce their earnings for the latest quarter. For that reason, the October options had skyrocketed in value as they usually do just prior to an announcement, especially the options that will expire shortly after the announcement is made.