As of 04/23/2025
  Indus: 39,607 +419.59 +1.1%  
  Trans: 13,510 +141.53 +1.1%  
  Utils: 1,027 +1.67 +0.2%  
  Nasdaq: 16,708 +407.63 +2.5%  
  S&P 500: 5,376 +88.10 +1.7%  
YTD
-6.9%  
-15.0%  
 +4.5%  
-13.5%  
-8.6%  
  Targets    Overview: 04/11/2025  
  Down arrow37,700 or 42,000 by 05/01/2025
  Up arrow14,400 or 12,500 by 05/01/2025
  Up arrow1,050 or 900 by 05/01/2025
  Down arrow15,250 or 17,600 by 05/01/2025
  Down arrow4,900 or 5,600 by 05/01/2025
As of 04/23/2025
  Indus: 39,607 +419.59 +1.1%  
  Trans: 13,510 +141.53 +1.1%  
  Utils: 1,027 +1.67 +0.2%  
  Nasdaq: 16,708 +407.63 +2.5%  
  S&P 500: 5,376 +88.10 +1.7%  
YTD
-6.9%  
-15.0%  
 +4.5%  
-13.5%  
-8.6%  
  Targets    Overview: 04/11/2025  
  Down arrow37,700 or 42,000 by 05/01/2025
  Up arrow14,400 or 12,500 by 05/01/2025
  Up arrow1,050 or 900 by 05/01/2025
  Down arrow15,250 or 17,600 by 05/01/2025
  Down arrow4,900 or 5,600 by 05/01/2025

Bulkowski's Option Trading Tips

I was reading an Active Trader magazine interview (December 2008) of Bill Greenwalt, manager of the Aspen Private Capital fund, by David Bukey and I wanted to share some of his option tips.

Greenwalt studied economics at UCLA and then started selling real estate in 1972. He founded a company that bought and managed apartment buildings. Then in 1992, he co-founded Mortgage Technology Inc, which is a mortgage brokerage, that he ran until 2006.

In the mid 90s, he began trading covered calls and eventually helped run Rainmaker Partners, which was an options program that opened in mid 2001. The Rainmaker fund ran into trouble after 9/11 when the fund sold option strangles, out of the money puts and calls on the S&P 500. In a calm market, you can clean up, but lose money if the market trends strongly in one direction (because the short options are uncovered). His head trader made a wrong call in July 2002, sending the fund down 20%. He shut down the fund and reevaluated, then started trading again in December 2002.

 

Option Trading Tips: from Greenwalt

-- Thomas Bulkowski

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