Good afternoon this is James Cordier of OptionSellers.com with a market update for May 20th, it’s so interesting to look back to the days where Alan Greenspan and Paul Volker were running the Federal Reserve. The stark contrast between what’s happening now and back then is just amazing. Of course this past week, again, the Federal Reserve decided to play with the markets by saying we may very well be raising interest rates this summer, you’ll just have to wait and see but we’re more likely to do that now than we were say a week ago.

It’s so interesting computerized of buying and selling kicks in selling the stock market, selling gold and silver, selling crude oil, and buying the US dollar commodities basically are moving in lock step with what the Federal Reserve is saying or in fact what they’re pretending to say. At the end of the day interest rates in the united states are going to be on a very slow climb. Possibly quarter percent this summer possibly not possibly one in the fourth quarter maybe after the election. With interest rates at negative levels all around the world is very difficult to see how the Federal Reserve is going to raise rates here in the United States, but what the Federal Reserve does here is they simply are throttling the market. When the US dollar gets too weak they talk caucus, when it gets too strong they talk dovish and basically that’s all it turns out to be. The one thing that does seem consistent is that the Federal Reserve will probably continue doing this, sending jitters through both the stock market and commodities and currencies around the world. This is probably going to be the most stable situation going on for the next six or seven months as we wrap up 2016.

The one thing also that this is doing is building up huge amounts of premium and commodity options both on the call and put aside. For those of you listening today that have read our book “The Complete Guide Option Selling” third edition, chapters 9 and 10 talks about selling credit spreads. This is our first choice in managing and deploying option premium to your accounts. This is something we’re going to start utilizing in the coming weeks and months and this is the slow steady return that we’ve been hoping for and this is what we’re always gearing towards both in our book as we wrote and going live in your account trading both metals energies and the foods. Going forward the next six or seven months this year, this is going to be the deployment we’re going to be using and I think it is going to be working out quite well because of the extreme large premiums that the jitters are causing both globally and here in the United States. Look forward to seeing those in your account and we expect a nice and slow steady profits and returns going forward that is all coming from DK. Every option you sell you want to have expire worthless and this should help drive to option expiration, certainly the desired effect of option selling.

For those of you who still do not have an account at OptionSellers.com can visit our website or contact Rosie at the 800 number listed. As always it’s a pleasure speaking with you and looking forward to doing so again in two weeks. Thank you.

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