Bob Lang has been a private trader in equity and option markets for several years and manages separate accounts via Aztec Capital LLC. He has managed a $300 million pension and 401(k) plan for a Southern California cooperative. In early 2000, Lang started a hedge fund for private and institutional clients. This fund, Aztec Partners, was a top-performing fund that year relative to its peer group. In 2002, Lang worked with floor traders in the active bond-trading group of Countrywide Capital Markets. In May 2011, Lang launched an options trading service called Explosive Options.
The old adage ‘sell in May and go away’ has so far served to be quite painful. If you moved out in late April expecting to re-enter with lower prices later you have been had (so far). It is nearly impossible to tell the market what it should do, and this is just one of [...]
So here we are with the markets once again tagging new highs, and the list of complaints gets longer. Oh, a correction is coming. We know it, but then those who are “out of the market” won’t feel any of the pain. I’m hearing that a 5% correction is coming, and that it would be [...]
One of the fears about trading options is being hit by an event and the stock moving against you. A 5 contract trade opened at 2.00 can be vaporized in a day on some bad news. $1,000 nearly wiped out. Not easy to recover from that, either. I’ve been there many times. It [...]
Bob talked today about markets and where we may be headed. He charted and talked about recent plays WFM, MNST and RAX. Bob brought in Jill Malandrino, curator of OptionsProfits for a chat about markets and strategy. She gave a great education to the listeners about risk, entries/exits and overall trading skills.
These last several months have made life much easier for me as a stockpicker. Yes, I am an options trader but I prefer to buy options of individual names and not the indices, nor do I play the futures much. My stock picking ability starts and ends with the charts and technicals. My studying and [...]
Off The Charts with Jim Cramer and Bob Lang – Ebay 05/21/13
every tuesday here on mad money, we go off the charts. we look at the technicals, that’s those of the stock’s action, ask the stock is headed. i’m always telling you i myself am not a charts, i’m a fundamentalist. meaning i believe best way to figure out where a stock is headed, how it’s [...]
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