We are in a bear market, and if your general outlook is bearish then you might only be looking for short plays.

We are in a bear market, and if your general outlook is bearish then you might only be looking for short plays.

Directional plays like long calls and call debit spreads could easily get slapped back down as the price moves into an area of supply. Sellers congregate at these levels creating a supply zone.

When I look at a potential trade set-up I tend to rank it depending on how strong my indicators are flashing. There are great set-ups, good set-ups, and risky set-ups.

When I look at a potential trade set-up I tend to rank it depending on how strong my indicators are flashing. There are great set-ups, good set-ups, and risky set-ups.

I suppose it’s the curse of every professional trader. As much as I try to sidestep macroeconomic forecasts, it seems that everyone wants to know what I think will happen in 2023.

Some of the most profitable strategies we’ve used over the past couple of months have been credit spreads and iron condors.

Pure, single-direction trades like long calls, long puts…and debit spreads…require a significant movement in the underlying stock or index to be winners.