Measured Move Targets

Measured Move Targets

A very useful tool for determing what the market as a whole thinks the trading range until expiration of an underlying value will be is the At The Money (ATM) straddle. The ATM straddle is a combination of the put and call with the same strike price that is closest to...
Greetings From the Iberian Peninsula

Greetings From the Iberian Peninsula

Sorry for the absence. I hope you all had a profitable and happy first quarter. After spending three months at Durham University in the northeast of England we are now in Valencia, Spain after spending 9 days biking in Portugal. Rather than talk about options today I...
OK, Now What!?

OK, Now What!?

Well, don’t panic, for starters. Besides, if you have been paying attention to this column over the years you have downside puts as protection. But, let’s say you don’t and seeing your stock portfolio in meltdown is freaking you out. Perhaps you could take advantage...
Currency Options

Currency Options

With the dollar in freefall (thank you, Donald Trump), I thought I’d talk about options on currencies. Just as there are options on stocks and indices there are options on currencies. As everyone knows, currencies fluctuate, often wildly (as now). And options...
Greetings From The Land of Brexit

Greetings From The Land of Brexit

A Happy and Prosperous 2018 to all here! I am writing this from the ancient university town of Durham, in North East England. We are here until the end of March because my esteemed wife is a Fellow at the Institute of Advanced Studies here at Durham University.  The...