Posted on

Trade Alert 3/30/2020


Hello Traders,
This trade didn’t go as expected. The “skew” in volatility was such that we took a big hit on volatility as the VIX declined. We feel that taking a smaller loss is the right approach and we will find a better structure for our future outlook. This will be discussed tomorrow.
Sold to close: QQQ June 19th (monthly) 181.00 strike calls
Bought to close: QQQ April 17th (monthly) 181.00 strike calls
Limit credit: 5.80
The result is a loss of -0.70 or $70.00 per spread traded.
See you tomorrow at 10:00 a.m. ET for our Trading Mentors program!

Posted on

Trade Alert 3/31/2020


Hello Investors,

Not much in the way of additions today. We entered a new trade that will require the market to move higher to reach our credit price. We would put this in the “very high risk” category because it involves a “naked call” aspect to the trade. This trade along with the risk/rewards is fully detailed in the class video.

Buy to open: SPY April 6th (weekly) 274.00 strike calls (ratio of 1)
Sell to open: SPY April 6th (weekly) 277.00 strike calls (ratio of 2)
Limit credit: 0.85

Have a great week!