Tomorrow is expiration time for the March monthly options.  If we had some covered call trades for March, do we need to take any action?  The general rule for covered call trades is to do nothing at expiration time.  The main reason to exit a covered call trade would be if the stock is, or looks to be, dropping significantly.  If the stock is holding steady or increasing in value since entering the trade, your best bet, under most circumstances, is to do nothing and let things play out. One […]

For companies in the Biotech or Pharmaceutical groups, big price movements can happen at any time.  Knowing when these times are likely to occur can be rewarding for us, or save us from unforgiving losses. These companies will typically be working on new drugs or procedures that can have a big impact on the bottom line of the company.  Companies may go through different phases or trials for these potential new drugs or procedures, with each trial completion potentially causing a big move.  Eventually, FDA approval is sought in order […]

Economic reports have the ability to cause significant moves in currencies we may be trading. No matter what we may think might happen to our trades based on fundamental and/or technical analysis, NEWS can trump all. It is important for us to be aware of any potential news that could alter the trades that we are in, or trades that we are considering. Numerous sites have economic calendars that you can receive information about upcoming economic reports. The calendar from FXStreet, http://www.fxstreet.com/economic-calendar, has a calendar with filter capabilities. In the […]