Trading SPY & VXX 'Weeklys' Options
00000 - Intro
'Weeklys' options are CBOE options that expire every week. They are usually listed on Thursdays and expire nine calendar days later on Friday. Weeklys
are not listed on weeks where monthly or quarterly options expire. I just trade calls for the most part. The reason I trade VXX calls instead of SPY puts
is that the VXX calls have the potential for larger gains because they are more volatile.
00000.A - Macro Indicators
In an ideal macro market mix, purchasing power and equity investment are appreciating, while costs of materials and borrowing are depreciating. Appreciating
purchasing power means companies can buy more with the same amount of money; combined with decreasing costs, the value of a company's liquidity is
amplified further, allowing it to expand its profit-generating activities. Equity investments that are appreciating provide a long-term cushion for the company's
finances. The macro indicators in the chart are 'indexed' to the most recent long-term bottom of purchasing power because it is the most systemic element.
00000.B - Economic Indicators
00000.C - Economic Indicators
00001 - $USD - Daily
The US Dollar Index is a measure of the value of the United States dollar relative to a basket of foreign currencies. It is the weighted geometric mean of dollar
value vs the Euro (58%), Japanese yen (14%), British pound sterling (12%), Canadian 'loonie' (9%), Swedish krona (4%), Swiss franc (3%).
00001 - $USD - Zoom Candle View
00002 - $USD - Weekly
00003 - $USD - Monthly Heikin-Ashi
Starting in 2003, the US dollar and the S&P500 have generally moved inversely to one another. Equities will weaken if the dollar strengthens and the negative
correlation persists. Alternately, we could see the correlation reverse and turn positive.
00004 - $GOLD - Spot Daily
00004 - $GOLD - Spot Weekly
Between gold and silver, I would rather trade silver because it is more volatile. I don't trade either metal very often.