Option Trading Newsletter: October 1, 2014

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1-855-RWT-0008

Prepared by the good people at Random Walk, LLC. (and Scott)

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Great Morning

Closing Prices From Yesterday

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Today’s Number(s)

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Yesterday and Today

Yesterday

A dull and crazy market that fought all day to run higher, but got squashed on the close. Much of the attention people are focusing on is still Hong Kong, and any sign of releif there is probably a big up day.

TODAY

Probably the worst day of the Hong Kong protests will be today because of a national holiday. This means that anyone that has a job has the day off and can also participate in the protests. Expect a big turn out, which the media will be all over. So unless the economic numbers are perfect, I expect today to be down as the media tries to insinuate that the crowds are getting bigger. They are not getting bigger other than today.

Continue reading »

Option Trading Newsletter: September 30, 2014

Screen Shot 2014-08-21 at 7.36.35 AM

1-855-RWT-0008

Prepared by the good people at Random Walk, LLC. (and Scott)

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Great Morning

Closing Prices From Yesterday

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Today’s Number(s)

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Yesterday

The market opened down with the Dow at 16,924 and the SPX down 18.81 at 1,964 after protestors in Hong Kong demonstrated against China. Like Occupy Wall Street is appeared to be a non-event by the end of the day, but the markets still closed down on concerns of what the Chinese government may do.


The funny thing is that President Obama called the Chinese leaders and urged them to exercise prudence in handling the situation. Yet doesn’t he have the same thing going on in Ferguson, Mo?

TODAY

Getting ready to get long Russia Again with it down under $23. It seems to have a magnet at $25, so I might leg into another $2 wide butterfly like I did last month (for those who missed it). A reminder below:

Continue reading »

Option Trading Newsletter: September 29, 2014

Screen Shot 2014-08-21 at 7.36.35 AM

1-855-RWT-0008

Prepared by the good people at Random Walk, LLC. (and Scott)

Screen Shot 2014-09-29 at 8.23.18 AM

Great Morning

Closing Prices From Yesterday

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Today’s Number(s)

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Yesterday and Today

Yesterday

The market bounce up again Friday after having the first week in a LONG time where the Dow moved at least 100 points every day. The selling that occurred was broad over the week, while the rallies were more located in Dow stocks. Evidence of this comes from the closings on Friday. Two weeks ago the Dow closed at about the same place, but the SPX was $20 points higher (above 2000). This is a modest amount, but if the trend continues it will tell me something meaningful.

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TODAY

I am confused, in all honesty. The market is finally starting to gyrate. I use to count how many days (months) it had been since the Dow moved 100 points, and now it is doing it every day – but in no specific direction. There appear to be seismic shifts occurring.

So from here we will (in my opinion) most likely go higher fast, and then fall. But we could also just drop. Any bullishness I have left in me is only because it is the trend and the trend continues longer than anyone expects. The Nasdaq ran up a full year AFTER even the biggest DOT COM bull said, “We need a pullback”.

Continue reading »

Morning Update: September 26, 2014

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1-855-RWT-0008

Prepared by the good people at Random Walk, LLC. (and Scott)

IMPORTANT

I had a family emergency lasting the last 2-3 days. I was very, very limited in how much I could watch the markets, but I am back now. POT class tonight.

Great Morning

Closing Prices From Yesterday

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Today’s Number(s)

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Yesterday and Today

Yesterday

The market was down 264 points. The market opened down and quickly fell to a net change of down 200 Dow points, or about $24 SPX points. The market than sat there most of the day before drifting even lower on capitulation selling on the close.

LESSON

As is the case with strong sell-offs, the market closed at its lows. This is why I waited until the last 30 minutes of the day to sell premium for POT and ITALY.

Why Did We Fall?

It certainly wasn’t because of the retirement of Eric Holder. Yes, he did save the government money because he refused to open special investigations on the IRS scandal, Benghazi scandal, or any other scandal his buddy Obama might be involved in.

It wasn’t because of the “sell on Rosh Hashana and buy on Yom Kippour theory”.

It sounds funny, but many of the people who link astrology to the markets have predicted this, but I seriously doubt that is a factor.

Some of it might be because the Yen is climbing due to concerns over Japan’s Government Investment Pension Fund.

Some of it MIGHT be based on terrorist concerns and rumors circulating, especially after Obama stated Wednesday that an offshoot of al Queda in Syria was close to hitting the US. But what does that mean? We have been told dozens of times that the NSA spying has broken up dozens of terrorists attacks before they happened, but no one gave so much as an example for the public to take those comments credibly.

Some of it might be people selling out of stocks to fund their losing commodities positions. Grains, gold, silver, oil, etc. are all down. Bonds were falling as well in the last couple weeks. People needing to meet margin calls or dollar-cost-average might have had to raise capital to move to undervalued commodities positions.

It was NOT Alibaba……stop listening to that rubbish.

MY THOUGHT

A year and 5 months ago I said that the market will get to 17,300 – 17,400. Obviously a year out this is a guess, but it was also somewhat of a mathematical calculation. We in fact got as high as 17,350.64. Now I obviously didn’t give this a ton of credence now as we were making new highs every day because we were still acting to strong and were not getting “whippy”. But we are starting to get whippy/volatile now.

Tuesday we fell 160ish points and Wednesday we bounced the same amount. Yesterday (Thursday) we fell 264 points and fell below the 50-day moving average many traders look at. To me this is not selling yet. It just isn’t. It is Sept 25 and on Sept 12 we were at the same place. We are still 55 points away from 17,000. Chill out for now please.

TODAY

It is very difficult to listen to the media and not be concerned about the possibility of a devastating an rapid decline. Reporters who are much more articulate than I, and who have an entire day to focus on one paragraph of written word (instead of hundreds of possible option permutations), are financially remunerated for being able to sensationalize everything they write. They are paid for getting a reader’s following.

Given the task of talking about the one inch of rain expected tomorrow they will recant horrific tales of n individual who drowned the last time we ha an inch of rain. They forget to mention that it was not the rain that killed them, rather they died because they were 102 years old and it happened to be raining that day. Had it been sunny they would have died from heat stroke. And they are good, very good, and spinning tales.

So when someone of better than average intelligence is listening/reading their “creation” it is understandable that they get caught up in the hype. I find myself having to fight biting their emotional hook – especially with a market that has run from 7,000 to 17,000 in 5 years. It is hard to not having a healthy concern in the back of your mind about a pull-back.

So when we have an average market swing of 80 points a day and we wake up to see the market down more than 200 or 250 points, it is hard to not get overly nervous when analyst and reporter – one after another – is on talking about 10%, 30% or 30% corrections. Keep in mind that a 10% correction in the Dow is 1,700 points. A 20% correction is 3,400 points.

So what is in store today?

I always want to point out that my opinion is no better than anyone else, and I am sometimes wrong. I am not infallible and all I do is take my (almost) thirty years experience at watching the markets and give what I feel is the path of least resistance.

TODAY, we have 3 big numbers out today. It is hard to say how things will pan out from here. On the one hand the market looks like it is dying and the media is screaming SELL. On the other than we have seen this 13 times in the last 3 years and every time people kicked themselves for not buying (more).

If we get to 17,000 tomorrow (modest climb of 55 points) I will be watching this market carefully. The 50-day moving average was broken, but it was also broken (and a good buy) back on July 13th, April 10th, and Jan 4th.

The 100 day moving average is 1956.05ish. The 200-day is at 1900.02.

If we do not bounce by at least half of what we sold off yesterday I will get concerned. Not until then, or if we go through some more numbers on the downside.

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We put on a slightly unbalanced 1 day downside condor yesterday, and then sold a little bit of premium on a 16% vol.

POT is held each Wednesday night at 7:00pm eastern.

Contract the office at 1- 855 – RWT – 0008 for more details.

We had on a long $15 put spread against a short near month $5 spread. When we were down 210 we sold another $5 spread. This leaves us shot 2 $5 spreads and long a $15 spread. We also sold an iron butterfly centered slightly higher at the 1995 strike.

wtf

Too True To Be Funny

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Attorney Stuff

DISCLAIMER (Seriously!)

Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.

We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.

Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.

Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).

Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesn’t mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.

Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.

Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.

Morning Update: September 25, 2014

Screen Shot 2014-08-21 at 7.36.35 AM

1-855-RWT-0008

Prepared by the good people at Random Walk, LLC. (and Scott)

Great Morning

Closing Prices From Yesterday

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Today’s Number(s)

Screen Shot 2014-08-21 at 7.37.24 AM

Yesterday and Today

Yesterday

The market bounced roughly what the market had fallen the previous day. Yesterday’s economic number was great, but the market didn’t really move base on that. Rather the market appeared to move after Obama’s speech about ISIS and the international coalition.

TODAY

150 points higher an we have a new high. 210 points lower and we enter the dreaded “below 17,000” level. My guess is that the little 300 point sell-off we got (from 17,350 to 17,000) is all we are going to get. Next wave to 17,500.

Screen Shot 2014-09-11 at 6.04.33 AM

POT is held each Wednesday night at 7:00pm eastern.

Contract the office at 1- 855 – RWT – 0008 for more details.

wtf

Too True To Be Funny

## ## ## ## ## ## ## ## ##

Attorney Stuff

DISCLAIMER (Seriously!)

Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.

We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.

Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.

Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).

Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesn’t mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.

Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.

Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.

Morning Update: September 24, 2014

Screen Shot 2014-08-21 at 7.36.35 AM

1-855-RWT-0008

Prepared by the good people at Random Walk, LLC. (and Scott)

Great Morning

Closing Prices From Yesterday

Screen Shot 2014-08-21 at 7.37.05 AM

Today’s Number(s)

Screen Shot 2014-08-21 at 7.37.24 AM

Yesterday and Today

Yesterday

More falling. As I posted in yesterday’s update, “I am confused. We could bounce, but I suspect we will test 17,000 first”. I was basing this on nothing else that we had a big IPO Friday that the media is scaring into submission. Then we ha the US military start strikes in SYRIA. And with Syria’s Assad an Putin being such good friends, the market didn’t like the uncertainty. And who can blame it.

Think about it….from Putin’s perspective he has more right to be in the Ukraine than we do of being in Syria. So it is reasonable to assume that he might have a problem with the US attacking Syria. The uncertainty is what rattles markets.

TODAY

A bounce from here is what everyone including me is expecting. Yet if we go through 17,000 with any conviction volatility should spike fast an strong to the upside. POT and ITALY people will be particularly paying attention to any updates as we have plenty of room to sell more put spreads/volatility.

The economic numbers out today are insignificant for the markets, so all movement will be base on current events on a geopolitical level, especially with elections 6 weeks away.

DOWN!!!!

Screen Shot 2014-09-11 at 6.04.33 AM

POT is held each Wednesday night at 7:00pm eastern.

Contract the office at 1- 855 – RWT – 0008 for more details.

The new greeks are as follows:

BUT I WANT A VOTE FROM YOU;

This is your class, so I will do what you want. Please send your vote in to admin@randomwalktrading.com with the MEMO saying “Italy Vote”. You want to see which of the following next:

1 – Continuous premium selling with more sales on top of sales, making portfolio management necessary.

2 – A new type of remedial strategy that has a negative volatility component to it?

3 – Two different strategies in two different names (to be able to track individual PNL better?

4 – YOU PICK (write in what you want).

wtf

Too True To Be Funny

## ## ## ## ## ## ## ## ##

Attorney Stuff

DISCLAIMER (Seriously!)

Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.

We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.

Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.

Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).

Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesn’t mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.

Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.

Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.

Special Morning Update: September 23, 2014

Screen Shot 2014-08-21 at 7.36.35 AM

1-855-RWT-0008

Screen Shot 2014-09-23 at 9.05.05 AM

Great Morning

The United States went into Syria to conduct air strikes. Dozens of cruise missiles were sent in, and Israel used the Patriot missile to shoot down a Syrian plane that entered its air space. After hundreds of targets wee hit we learn that the US not only attacked ISIS but also an al Queda offshoot that took over after Osama Bin Laden’s death.

This is the first time we went after ISIS an others in Syria, so all eyes are on Assad’s reaction, which should be benevolent. This actually helps Assad, but he still could be upset we entered his county. This has broader implications considering how tight Assad and Putin are.

For this reason the market is looking down again. The E-minis are down 7 at 8:30am.

POT and ITALY

You each received an update already. Keep in mind that as we approach 17,000 I will be looking to demonstrate selling premium given a likely increase in the VIX.

More should it become important.

Have a great day

Screen Shot 2014-09-23 at 9.09.13 AM

Attorney Stuff

DISCLAIMER (Seriously!)

Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.

We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.

Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.

Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).

Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesn’t mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.

Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.

Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.

Morning Update: September 22, 2014

Screen Shot 2014-08-21 at 7.36.35 AM

1-855-RWT-0008

Prepared by the good people at Random Walk, LLC. (and Scott)

Great Morning

Closing Prices From Yesterday

Screen Shot 2014-09-22 at 4.04.24 PM

Screen Shot 2014-08-21 at 7.37.05 AM

Today’s Number(s)

Screen Shot 2014-09-22 at 4.04.34 PM

Screen Shot 2014-08-21 at 7.37.24 AM

Yesterday and Today

Yesterday

The day went off perfect (for the bulls). Alibaba opened and immediately hit $99 before pulling back a little. The Dow hit another new high 17.350.64. Keep in mind that this is the area I felt the market would pull back from when I was bullish from Dow 14,800 a little over a year ago. Anyone remember?

Well we got to about that number and pulled back as the E-minis went from up $10 to down -$4.25. What was interesting is that the market climbed for weeks as the TLT fell $7, but Friday the TLT began to run higher, then the Dow sold off.

TODAY

DOWN!!!!

Screen Shot 2014-09-11 at 6.04.33 AM

POT Wednesday:

I am counting the votes from last week’s class on the topic. Recall that the requests were divided between:

  • Ratio spreads

  • Gamma scalping

  • Scott lighting it up

POT is held each Wednesday night at 7:00pm eastern.

Contract the office at 1- 855 – RWT – 0008 for more details.

The new greeks are as follows:

Recall that we closed the SPX Iron Butterfly (short) for a $7 profit on 10 contracts. Not a great trade, but not a bad one. I want to see volatility move, and then I will do another trade example. I want to do a variety of different trades to augment the class, but having on too many at once will clutter up the learning curve.

Screen Shot 2014-09-22 at 4.04.46 PM

BUT I WANT A VOTE FROM YOU;

This is your class, so I will do what you want. Please send your vote in to admin@randomwalktrading.com with the MEMO saying “Italy Vote”. You want to see which of the following next:

1 – Continuous premium selling with more sales on top of sales, making portfolio management necessary.

2 – A new type of remedial strategy that has a negative volatility component to it?

3 – Two different strategies in two different names (to be able to track individual PNL better?

4 – YOU PICK (write in what you want).

wtf

Too True To Be Funny

## ## ## ## ## ## ## ## ##

Attorney Stuff

DISCLAIMER (Seriously!)

Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.

We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.

Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.

Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).

Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesn’t mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.

Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.

Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.

Morning Update: September 19, 2014

Screen Shot 2014-08-21 at 7.36.35 AM

1-855-RWT-0008

Prepared by the good people at Random Walk, LLC. (and Scott)

Great Morning

Closing Prices From Yesterday

Screen Shot 2014-09-19 at 1.14.49 AM

Screen Shot 2014-08-21 at 7.37.05 AM

Today’s Number(s)

Screen Shot 2014-09-19 at 1.14.57 AM

Screen Shot 2014-08-21 at 7.37.24 AM

Yesterday and Today

Yesterday

Another up day in the markets. It was a slow steady climb higher following the euphemism of the Fed from the previous day, and then the hype about AAPL and Alibaba.

TODAY

We will probably run up even more today, but if so I will establish a hedge to the downside for POT. The SPX was at 1,904.78 on August 7, and now it is at 2,012.34. That is a 5.7% increase in a little over a month.

Screen Shot 2014-09-11 at 6.04.33 AM

POT is held each Wednesday night at 7:00pm eastern.

Contract the office at 1- 855 – RWT – 0008 for more details.

Depending on the move I will have to adjust my deltas today.

wtf

Too True To Be Funny

## ## ## ## ## ## ## ## ##

Attorney Stuff

DISCLAIMER (Seriously!)

Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.

We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.

Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.

Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).

Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesn’t mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.

Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.

Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.

Morning Update: September 18, 2014

Screen Shot 2014-08-21 at 7.36.35 AM

1-855-RWT-0008

Prepared by the good people at Random Walk, LLC. (and Scott)

Great Morning

Closing Prices From Yesterday

Screen Shot 2014-08-21 at 7.37.05 AM

Today’s Number(s)

Screen Shot 2014-08-21 at 7.37.24 AM

Yesterday and Today

Yesterday

The market was quiet until the Fed announced at 2:00pm when futures went from up $4 to down $7 in a flash, then bounced. After that the futures ran up +$11 until the end of Yellen’s speech. Once done the futures fell back off to close up about $2.50.

TODAY

We have some big numbers today, but nothing compared to yesterday’s Fed minutes. Everything is much more clear and the rumors wont start until another 3 weeks from now again. Friday is Alibaba’s IPO. After some minor adjustments I expect the bull market to run much higher as it is not going to be until 2020 until the Fed gets all the money out of the bond market. That is a lot of fresh capital running all over the place.

Screen Shot 2014-09-11 at 6.04.33 AM

POT LAST NIGHT

2 Hours of mini-liquid preview of adjusting one specific position.

POT is held each Wednesday night at 7:00pm eastern.

Contract the office at 1- 855 – RWT – 0008 for more details.

wtf

Too True To Be Funny

## ## ## ## ## ## ## ## ##

Attorney Stuff

DISCLAIMER (Seriously!)

Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.

We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.

Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.

Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).

Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesn’t mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.

Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.

Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.