Weekly Index Options Impacted by Washington Programs

Weekly Index Options Impacted by Washington Programs

by Dr. Jon Schiller PhD
     
 

The attempts for the Current Administration to get their programs enacted through Congress or by Administrative Directives for items they consider important enough to be enforced when Congress will not approve the item lead to great instability in the Stock Market.
It is now simple to see on Internet the Washington DC machinations between the President and the… See more details below

Overview

The attempts for the Current Administration to get their programs enacted through Congress or by Administrative Directives for items they consider important enough to be enforced when Congress will not approve the item lead to great instability in the Stock Market.
It is now simple to see on Internet the Washington DC machinations between the President and the Republican House of Representatives Chairman.
I (your author) lived in Spain for 20 years before returning to California. In Spain I leaned to trade Index Options from a NY expert whose strategy was to sell Call Options 2 standard deviations (2sig) above the market and sell Put Options 2 sig below the market. After returning to California I continued Index options trading using Standard & Poor's 500 (SPX) Index and using Condors.
Being an Options Trader using the CBOE (Chicago Board of Exchange), I find the inability in Washington to avoid the automatic spending cuts made Wall Street nervous which affected the weekly options prices.
As a result I have had to learn to use my Options Trading Software: SelfAdapSPXWeeklyVLTY to make profits during this period of Washington-caused Wall Street nervousness. What does the nervousness do to the Index values? They make either big weekly Jumps or Drops.
I use the SPX index for my weekly options trading. I use the Welles-Wilder Index to predict the abnormal market movements as will be explained in this book. So I am able to profit from trading Weekly Index Options even when the machinations of the Washington Politicians cause instability or abnormal movements in the Indices. I have devised tactics to use and in this book I will explain how to use them in my Weekly Options trading software.

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Product Details

ISBN-13:
9781484016350
Publisher:
CreateSpace Publishing
Publication date:
04/04/2013
Pages:
274
Product dimensions:
6.00(w) x 9.00(h) x 0.71(d)

Meet the Author

Jon Schiller received the BS in Physics from the California Institute of Technology (Caltech) and the MS and Ph.D. from the University of Southern California (USC). As an executive of an aerospace corporation he designed guidance and control systems for aircraft and missiles. After retiring he became active writing documentary books using research from the Internet in addition to creating books about options trading strategies which used his mathematical skills.

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