I wrote about this in yesterday’s OP Newsletter.  If the market is going up, how long do I want to hold SPY puts spreads even if I own them for a credit?  If it ain’t going down it is going up.  For the first time in 6 months, we are in realistic Gamma Bomb territory.  But we need to hold 12 VIX for the counter to tick up.

On another note,

So if the Trading Desk idea is up $50 and the Weekly Profits Cycles trades are up $200…  how did I make $6,000 yesterday?

I trade a volatility system that is scalable

That system is here.  If you join Pro you will learn it all.  Any other product I teach at Option Pit I teach a facet of the system.  Using volatility I could probably have 6 or 7 different iterations but I might go crazy trying to support them.  

The Edge Hunter sheets are just a way to organize an option chain screen to deliver a trade.  The standard option screen is not helpful in trade creation, it just tells you what the prices are.

So for Weekly Profit Cycles I will trade 25x the trade, Trading desk 2-4x, OPM 5-10x, THS 2-4X PRO 10x and so on.  When I have a day where I close something well in everything, OH BOY!!! If your trading system cannot scale, then you might want to think twice about it.

The SPX chart above has a very confirming collapse in longer term IV.  That generally means VIX can go lower even if the pundits on TV say the Fear Index is complacent.  The market has a way of doing things that folks don’t expect.

Which is why we are bringing the Gamma Bomb indicator.  When it hits, no one will expect it like Volmaggedon in 2018.  Weekly Profits Cycles will be ready since I am always long some SPY puts or put spreads or long VIX calls.

Make SURE you’re in your seat tonight when Mark, Hannah and I dive in to how, when and why this Gamma Bomb is likely to hit – and how we’re going to profit from it.