Intrinsic Value System

Intrinsic Value System

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Intrinsic Value System
Intrinsic Value System
10/18 Daily Market Note: Mid-Trend forces continue to strangle the markets until further earnings data provides further catalyst.

10/18 Daily Market Note: Mid-Trend forces continue to strangle the markets until further earnings data provides further catalyst.

10/18 Premium Strategy Note: MCD works for us again. 🍟

Larry Cheung, CFA
Oct 18, 2023
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Intrinsic Value System
Intrinsic Value System
10/18 Daily Market Note: Mid-Trend forces continue to strangle the markets until further earnings data provides further catalyst.
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Hi Folks-

In my last two Daily Market notes on Monday and Tuesday, I shared a couple setups that I believed would work and personally participate in as well as provide the macro context on the current environment. Some ideas will work immediately. Some will take time. If one can weather a bit of volatility, the nature of my methodology (which can be considered conservative) will in fact produce positive expectancy over time. One was the concept that McDonalds in the 246-248 region was primed for another bounce to take out 252 (touched 255+ today).

From 10/16: MCD among one of the only companies positive during today’s broad market selloff.

Another was that Interactive Brokers (IBKR) would reach at the minimum reach 89.5 from our 86 entry (which filled our limit sell order yesterday evening post-earnings) based on my fundamental modeling. Β 

From 10/16: Critical Limit order at 89.5 saved the day for IBKR post market hours after earnings.

In this post, I will discuss some concepts on modifying the risk profile when it comes to portfolio management using Options. My macro view has not changed over the past 2 days – I remain constructive on Q4 for a year-end modest bump while acknowledging that 2024 may be one of the most uncertain environments we’ve ever seen. Perhaps bringing us back to the days of 2022. Should those days come back, we will be ready.Β 

It is for this reason that I am sharing execution methodology in today’s Daily Market note. Β 

The first thing that I want to talk about today is that my specialty is Direct Shares and Selling Puts, for level to level trading.

Over time, I will be spending more time personally applying/experimenting with Long Calls/Puts. Because my personal journal suggests that my win rate is highest with myΒ Direct Shares and Selling Puts methodology, these are the ideas I share with our Community. I want to now present a couple positioning methodologies that I use to dynamically position with the market.

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