Did You Catch That SPX Rally?

Yo, Pit Crazies,


That is four trading days in the last 30 WITH A 3% UP MOVE.


Crazy upside volatility as investors want to pile in on hints of the Fed pivot …


3 month SPX chart with one-day candles


How to catch this market moment?


Be There Ahead of TIme

5% moves are not going to happen every day.


But as traders and investors, we can be ready.


Having a long delta strategy that minimizes risk is key to success. 


Staying in long enough until the tide turns is important.


That is why I designed our Div+ Strategy in OP Mentoring.



Above is a snap of Minnesota Mining and Manufacturing Corp (Ticker: MMM).  This trade idea gives me twice the upside and 1/10 risk of outright buying stock.


In a market like this, that is what investors need to ride the chop until the next pivot.


The Rundown

OP Mentoring

I closed an Alphabet Inc (Ticker: GOOGL) strangle for a 25% gain. The Div+ Strategy has 10 for 10 closed wins and is up in all four open positions. 


Vol Trade Club

I closed a VIX/SPDR S&P 500 Trust ETF (Ticker: SPY) combo for a 31% gain.I closed the SPY put calendar before the CPI announcement and the VIX put after the announcement.


BMF 

Mark closed the last of his Alcoa Inc (Ticker: AA) Dec. 09 42 calls for a 98% gain


To Your Trading Success,

AG

Andrew Giovinazzi

Andrew Giovinazzi

Share This Article

About the Author

Andrew Giovinazzi

Andrew Giovinazzi

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

Popular Posts

Categories

Stay Updated

Subscribe to our newsletter for daily trading insights

Upcoming Events

FOMC Meeting

2:00 PM EST

Earnings Season Begins

Pre-market

Options Expiration

Market Close

NFP Report

8:30 AM EST