SMH190410

SMH Long Put Spread

This Trade Is SMH, the semi-conductor ETF, almost made a new all-time high on Monday, but couldn’t quite match the existing one from March ’18. The bullishness about a US-China trade deal has pushed it up over 6.6% in the last week and a h ...

IYR190404

IYR Long Put Spread

This Trade Is For all the talk of an impending recession, IYR, the real estate ETF, is the highest it’s been since 2007. It’s up 16.7% for the year, barely taking any breaks from its bullish run. That’s pushed its IV down to pitifully low ...

VIX190402

VIX Long Call Spread

This Trade Is Maybe it was just an April Fool’s joke, but prices don’t lie. The S&P 500 hit a 2019 high yesterday, and is the highest it’s been in nearly six months. The slowdown in earnings forecasts were offset by stronger manufactur ...

SPY190328

SPY Long Put Spread

This Trade Is I don’t know if the inverted yield curve has any predictive powers, but as bonds keep rising, it seems like the market is thinking the economy could start slowing down any day now. But if the inversion signals recession, when ...

IWM190327

IWM Long Put Spread

This Trade Is Poor IWM. It’s been struggling to keep up with its two big ETF cousins, SPY and QQQ in the last month. SPY and QQQ share a majority of their component symbols, and the big companies that are most heavily weighted in them, lik ...

TLT190326

TLT Long Put Spread

This Trade Is Debtors are popping champagne (paid for with credit cards) as the yield curve got even more inverted yesterday, with the 10-year yield dropping to its lowest level since 2017. The 10-year is the benchmark for a lot of rates, ...