Video Market Update November 25, 2015

  1. I have the utmost confidence in James Cordier

  2. Jerry chapman Says:
    November 28, 2015 at 2:04 pm

    Thank you for the ideas on selling options. I always enjoy the videos, your book on option selling changed the way I trade, and I hope you will continue to inform and encourage us (much smaller) traders so that we can grow up and give you our funds to invest while we attend seminars in “the islands”.!
    Happy Holidays,

    • Says:
      December 2, 2015 at 3:26 pm


      Thank you for your kind words. Best of luck in your investments and Happy Holidays to you!

      M. Gross

  3. Patricia A Says:
    November 27, 2015 at 6:11 pm

    What brokers do you recommend to use for Selling Options?

    Patricia A. Brown

    • Says:
      December 2, 2015 at 3:41 pm

      Hi Patricia,

      Well, at the risk of being self serving, I would recommend ourselves!

      However, if you are looking to trade a self directed account or invest a smaller amount, I would recommend taking a look at OptionsXpress or Interactive Brokers. I’ve also recently spoken with Jon Najarian of optionMONSTER and tradeMONSTER. I believe his firm is certainly worth a look as well –
      Good luck!
      M. Gross

  4. Market update video is interesting. It will be appreciated if there is a written version email as well for better understanding.

    Thank you

    • Says:
      December 2, 2015 at 3:43 pm

      Dear LK,

      Thank you for your feedback. Going forward, all of James’ Market update videos will be accompanied by a written transcript for further study. I believe our most recent ones have this.

      M. Gross

  5. Rob Tarasenko Says:
    November 26, 2015 at 4:10 am

    Hi Guys – Thank you for your Investors Guide to Selling Options folder and I have just finished your Option Selling book (3rd Edition).

    I am based in Australia. Do you have any Australian clients, and if so, how have they managed to open a trading account in the US and transfer your required minimum of $250k USD (approx.$360k AUD)?


    • Says:
      December 2, 2015 at 3:46 pm

      Hello Rob,

      Thank you for your inquiry. The answer is Yes and Yes. The process is nearly identical to clients opening domestic accounts – just a couple more forms.

      If you would like to discuss, call my assistant Rosemary (+1 813-472-5760) and she’ll schedule us a consultation.

      Michael Gross

  6. Thanks for your excellent market updates! You mention coffee calls in the $2.80 to $3.00 range and since the premium for those is very low now, I’m wondering if you expect that to change significantly with a small rally? Also, are you looking at May calls for coffee or further out? Thank you.

    • Says:
      December 2, 2015 at 3:49 pm

      Hello Zig,

      You’re quite welcome. Our strategy in coffee is to sell calls on a winter rally. Yes, the strikes we mentioned are not at target premium -yet. A 10 to 20 cent move in coffee futures could put them there. It will depend on volatility. We’ll decide the month depending on how high volatility goes and during what time period.

      Best of luck in your investments.

      M. Gross

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