Options Trading News

July 3, 2013  Wed 8:17 AM CT

Can we stop it with the gibberish about Egypt?

The military has played a positive role there historically, and the current government has not been pro-American--whether President Obama likes it or not.

TheStreet.com logoSure, oil is flashing that perhaps the Suez is closed--and I don't like a spike in oil--but it seems almost ludicrous that the market wouldn't like this change. There's been nothing but turmoil in Egypt for months; it just has finally hit the headlines.

What matters to me is this: So many are trying to interpret this market through the Egyptian lens that it becomes a fait accompli, but they shouldn't because there is no definitive link to the market at all.

Let's just say that if you liked a stock that's down but are worried about Egypt, you should use the opportunity to start buying.

It's just not all that cause and effect.
Share this article with your friends



The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

The covered call and unhedged risk

I have written a few things on the Covered Call Strategy over the last two weeks. Please understand that those two previous articles plus this one do not constitute a proper, fully in-depth lesson on the Covered Call Strategy like we have in our classes at Option Monster Education. I have picked out a few topics that I believe were worth noting and today I am going to add the final one.

View more education articles »