It has been quite the week… Between earnings, the FOMC meeting, gyrations in currencies and interest rates, and jobs data; we’ve had multiple 2% moves. And yet, everything is about exactly where we left off last Friday.
There is an old saying regarding William Shakespeare when a writing colleague told him, “Will, the audience could see a punchline coming from a mile away…” The famed writer responded, “Oh, but how much fun I could have turning them in circles during that mile!”
That’s how this week felt for me. Options360 entered last week with a bullish bias as the end of the year approaches. However, after an 8% run in two weeks it was time to shrink the time frame and look for ‘short-term’.
As described in yesterday’s missive, Options360 members received 3 real time trade recommendations, XLP, CVX and SPY to initiate bearish positions.
All were closed on Thursday with profits ranging from 34-47% for just 2-4 holding days. What other profession can you think of that we can put down however much money and pick up 30-50% more only a couple days later. None other than trading that I can think of…
Those trades have now pushed Options360 to hit a new year-to-date high of 28.2% return on investment.
You can get in on all the action by joining this option community where I will be your personal mentor, setting you on track to becoming the options trader you always dreamed of being. It all starts with you making the decision to put the work in to learn alongside me and hundreds of other like-minded individuals.
Next week, I’ll show my students something slightly more complex that can deliver higher returns, while providing a valuable lesson in one of the most important parts of trading… risk management. You DO NOT want to miss this.
But for now, I’m off, gotta run a mile.
You all have a amazing weekend, and I will see you here, bright and early, on Monday.
Steve