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January 18, 2017 | Straddling the Inauguration

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

If the stock market were to take a hellish dive on Monday, it’s not hard to imagine how the pundits will explain it: a reality check for investors who actually think Trump will be good for America.  Of course, any such weakness would have less to do with Trump than with cyclical forces that lie beyond politics and even farther beyond the understanding and imagination of those who bring us the news. Whatever the case, I would give a downturn next week better odds than a rally or a sideways muddle. Straddling the bet could be expensive, however, as we discovered during today’s tutorial session while looking for a way to do it with AMZN puts and calls. We’ll crowd-source the problem in the chat room Thursday, so be sure to drop by if you’re interested.

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January 18th, 2017

Posted In: Rick's Picks

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