FEATURED CONTENT

Bull or Bear Market… Doesn’t matter

Kyle Dennis’ new, 5 Min Strategy is poised to double Your Money Weekly!

Michael S. made 173% with Dollar Ace. So can you!

 

Why not with Davis Martin: Trade on Fridays after 1 p.m

Davis MartinDavis Martin ·

Why not? Trade on Fridays after 1 p.m.

The setup: It’s not a secret that when you buy options on Fridays, you are buying two days’ worth of time decay. You can’t just sell them – or add to them if the movement calls for an additional buy – on the weekend. But you are also vulnerable to the news and the current events. One big global headline that shakes a sector can put you in real trouble.

Now couple that with today’s news. I’m not getting political here, but I have been thinking that the variety of stormy news about President Trump – he’s being investigated, he’s Tweeting out policy statements, you know the stuff that’s out there – creates big headline risk.

The decision:  Coming from an options trader, it might sound weird to say I am not high risk, but I am not rushing into territory where the risk level is especially heightened and unpredictable. To me, right now, that’s after 1 p.m. on Fridays.

I’m still willing to buy ETFs at that point — though it will take a convincing case to make me do it — but it would take something pretty special for me to go with stocks or options late on a Friday.

Moral of the story: Time decay plus any potential news shock creates a danger zone; it’s a lesson and a mistake that traders too often learn the hard way. I’ll be looking to see if/when things settle down to where I’ll play late Fridays again; I hope I don’t have to wait until 2020.

#-#-#

Davis Martin is the publisher of DailyProfitMachine.com. He is a swing trader in stocks and stock options, and trades SPY calls and puts daily but, as detailed in the article, he has no plans to trade stocks and options late in Friday trading sessions for the foreseeable future.

You may also like

Exclusive System Tracks Wall St. Insiders

“Dollar Ace Simply Exposes Information That Wall Street Wants To Keep Quiet” Said Kyle Dennis
“One member, Wesley M., has already reported 360%+ gains in just a few short days. Don’t miss this!”
(Reserve Access Now)

“What Recession?!” Jason Bond nets $55,060 in realized profit in One Day

After going 6 for 6 on profitable trades recently, we caught up with Jason to ask how he did it.
Check out Jason’s exclusive interview revealing this tightly guarded strategy. (Watch Now)

RagingBull.com Co-Founder, Jeff Bishop, Launches High Conviction Trade Service

“We listen to our clients and we give them EXACTLY what they want, so we designed a service to deliver 1 trade, 1 time a week, with a 100%+ PROFIT TARGET, directly to your inbox every Monday before the market opens. (Read More)

Be a Better Stock Trader, Starting Today

Get the expert insights, tips and strategies you need to optimize your trading skills and profiles
START NOW