Author Archives: Jasen Baker

ETFs to Watch 1.16.17

ETFs to Watch 1.16.17

It appears this illogical optimism in the markets is slowing down. Russia still remains the most profitable market while US volatility is at near 25 year lows now! I’m still going to be a buyer of volatility sine 95% of the time in the past 25 years it’s been above these levels.

The presidential inauguration is this Friday and earnings will be following in the weeks after. We’ll have to see if the markets remain this high after the earnings numbers come out and the optimism will be justified.

Lots of detail to cover in this week’s ETFs to Watch!

 

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1-13-17 – Intraday Update

1-13-17 – Intraday Update

AMZN (Amazon) hit a Keltner Top today after 3 days higher. I’m adding another vertical call spread expecting that it can’t sustain this movement before Jan 20 with a short trading week next week.

I may not get filled since I’m expecting a higher move intraday to fill this order.

Sell to open 10 AMZN Jan 20 $875/$850 Vertical Call Spread @ $.75 ($750 Credit)

  • Sell Jan 20 $850 Call
  • Buy Jan 20 $875 Call

AMZN 1-13-17

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