bob-lang

Bob Lang

Founder and Portfolio Manager — Bob has been trading options for himself and private clients for more than ten years. He uses a unique combination of technical indicators to find the best trending stocks that exhibit enormous velocity and ferocious movement. He often gets in front of these moves before they happen. Patience is Bob’s greatest trait — the chart pattern being the only reason to enter/exit a trade. Prior to this venture Bob managed portfolios for bigtrends.com, turning Grandslam and Extreme Options into the strongest performers in the company. Prior to Bigtrends, Bob worked with floor traders at Countrywide Capital, which came after Aztec Partners Limited Partnership. In the 90's he managed the Sunkist Growers 300 million dollar pension fund.

  • Nov 7, 2017, 8:42 AM

    Was Apple's Rise Painfully Obvious? For Some Yes, Other No

    Was Apple's Rise Painfully Obvious?  For Some Yes, Other No

    With Apple's stunningly strong earnings report, higher guidance and off the charts opening sales for the new X phone in place, the company rose smartly last week, peaking at a valuation never seen or heard before - 900 billion dollars!  Just under 10% more and this will be the first company ever valued at over 1 trillion dollars.  It has been a great ride for Apple, its shareholders and employees.  For 2017 the stock is up a whopping 50%.  To put that into perspective, at the[...]

  • Oct 23, 2017, 8:47 AM

    Volatility: VIX Shows As Much Greed as it Does Fear

    Volatility:  VIX Shows As Much Greed as it Does Fear

    Many call the VIX (volatility index) the 'fear gauge', but it is just as good at measuring greed.  For years the VIX has been in a solid downtrend, this can be tracked from the peak in 2008 when the fear gauge reached the 90's.  This indicator, created by Bob Whaley in the early 1990's had never reached that level, but some back-testing probably put the VIX at 150 during the crash in 1987 (this past week was the 30th anniversary of this 'momentous' event). So, when the VIX is in a solid[...]

  • Oct 16, 2017, 10:51 AM

    Are You Patient Enough?

    Are You Patient Enough?

    As an options buyer, time is of the essence.  The leverage from options is amazing, and if timed right some very large returns can be made, but if you're not quick on the trigger those gains can turn into losses very quickly.  What's nice (and not so nice) about this market is low volatility, the VIX has spent a great deal of time around the 10% area, which is unprecedented.  The unknowns of how this resolves are out there, and many believe the VIX will revert to the mean at some point,[...]

  • Oct 9, 2017, 9:05 AM

    Earnings Season is Upon Us

    Earnings Season is Upon Us

    The big wait is over, no more guessing or hyperbole about 3rd quarter earnings.  The hit parade gets started this week and we'll have some big names reporting (banks end of week), but the tone of the market will be extremely important as will the reaction.  It is usually in this particular reporting season we'll get a glimpse of what companies foresee in the coming year.  We saw a trickle of it over the past couple of weeks from the likes of Micron and a few others, but more information[...]

  • Sep 19, 2017, 12:27 PM

    A Couple of Common Sense Indicators

    A Couple of Common Sense Indicators

    As I have learned and taught about technical analysis over the years, it is certainly not a sophisticated science.  If you have a set of eyes, can see recognizable patterns that repeat over and over again we can draw some conclusions, and from that high probabilities of success.  There are no guarantees of course, but I'll take the high odds of human behavior repeating over and over  again. A couple of coincident indicators I look at include new highs/lows and the bullish percent indicator. [...]

  • Aug 21, 2017, 12:36 PM

    Earnings and Confidence Make For a Powerful Combination, But...

    Earnings and Confidence Make For a Powerful Combination, But...

    Since the election the stock market has been on a roll, and even bonds have shown strength.  We are just about finished with second quarter earnings reports and we have seen some solid surprises to the upside, a near 10% gain in earnings over 2016.  This follows another double digit gain from first quarter, and some estimates have the second half of 2017 coming in with double digit gains.  This will help buoy the markets until the earnings cycle inflects to the downside.  That[...]

  • Aug 14, 2017, 8:53 AM

    Why Does August Get Such a Bad Rap?

    Why Does August Get Such a Bad Rap?

    We are in the midst of August, the "dog days of summer", and all we hear about now is a 'seasonally weak' period for markets.  History is on the side of these commenters, yet maybe things are a bit different today.  Let's flesh it out and see if we can take advantage. August seems to get the blame for many bad things to come.  There are no 'pure' or 'fun' holidays in August, and in the northern hemisphere it is usually the hottest time of the year (weather-wise).  As it relates[...]

  • Education | Aug 7, 2017, 8:47 AM

    Take The Markets Seriously, Even When Others Won't

    Take The Markets Seriously, Even When Others Won't

    There is a buzz around markets these days, many are in complete disbelief or denial that the bull market continues to rage on.  The length of this run is now about nine years, and we have barely had any correction.  That is not to say we won't have one coming, and certainly with the bias toward short volatility (skew, tail risk), short SPX puts, and other more esoteric products - there will likely be an unwind that will feel monumental.  There may be no getting around it, and it[...]

  • Jul 24, 2017, 11:04 AM

    Market Performance Post QE

    Market Performance Post QE

    Many market cynics of the quantitative easing (QE) program could not wait to pounce on the negatives of such a system.  When the Fed implemented a few of these programs following the worst financial crisis since the Great Depression, many were dumbfounded and ridiculed the Fed for shoring up the banks and thus the stock market.  Not only bringing rates down to zero but juicing up the bond market by adding what seemed to be unlimited bond purchases to their portfolio.  Many scoffed[...]

  • Jul 17, 2017, 12:17 PM

    Trading Within Your Own Means

    Trading Within Your Own Means

    I am asked quite often how I have managed to stick around as an options trader for as long as I have, well over fifteen years and counting.  I refer often to the successes and failures along the way and learning about myself, my behavior under certain conditions and how I have dealt with adversity.  Trading I consider a metaphor of life, and we can extract some of the same principles of action and behavior simply by taking an introspective look into our own lives. When we see opportunity[...]

  • Jul 3, 2017, 10:17 AM

    Predicting Market Tops and Bottoms is a Loser's Game

    Predicting Market Tops and Bottoms is a Loser's Game

    As the markets continue to move higher amid low volatility, we hear the constant chatter of market tops.  Naturally, these predictions rarely come with any date applied, setting up these foolish prognostications to be right 'at some point in the future', just like how a broken clock is right twice a day.  For investors, these predictions of impending loss and perhaps doom are useless and random, not based in fact or reason.  They are attention grabbers in the media, because they[...]

  • Jun 19, 2017, 12:03 PM

    Playing Pickle with the Market

    Playing Pickle with the Market

    Remember as a kid playing pickle?  This is the game where say on a baseball field you are in a rundown between two bases, and players on the other team are trying to tag you out.  You run back and forth, dodge, duck and swerve to avoid a tag and make it safely to one of two bases.  It's a thrilling game and often filled with surprising moves. There are market trading strategies that are similar to the game of pickle, and we do our best to stay away from the tag that puts us out of[...]

  • Jun 12, 2017, 8:57 AM

    Human Behavior Creates Predictable Chart Patterns

    Human Behavior Creates Predictable Chart Patterns

    It was an interesting week in the stock market, with plenty of fear and greed to go around.  Same as it ever was, right?  As we analyze emotions and behavior they seem to parallel the price action in markets.  Excessive greed pushes prices ever higher, We saw new highs this week in names like Amazon and Google, while all of the most prominent indices at some point hit record highs during the week.  As prices continue to rise volatility shrinks and the perception about market[...]

  • Market News | Strategy | May 15, 2017, 8:12 AM

    Volatility and Holidays Are An Opportunity to Sell Premium

    Volatility and Holidays Are An Opportunity to Sell Premium

    Whenever we come upon a holiday it's time to take a breath and step back.  But as option traders, there is no such break as we are mindful of volatility and the option decay that constantly exists in these derivatives.  Time is a critical component of option value, and when there are fewer days to trade an option the decay becomes a detriment to the option buyer.  Over the next couple of weeks, the markets will be closed for a full session (Memorial Day).  Hence, over the next[...]

  • May 9, 2017, 9:34 AM

    Millennials Can Secure a Financial Future For Their Kids, Too

    Millennials Can Secure a Financial Future For Their Kids, Too

    Last week we talked about how the Millennials can get a jump on securing their financial future.  It can be as easy as putting a small amount of money aside regularly each week and month.  Today's article talks about being proactive and saving for the next generation.  It is mission critical to take an aggressive role to get them off to a good start, as the financial future for them and our country looks murky. With the financial constraints that may be encountered down the road,[...]