One Ugly Chart

 

Hi Shoppers,

 

First of all, I just thought this was sooo good I had to share it:

 

 

Now that is quick thinking on your feet.

 

The other thing I would like to share with you is the Invesco QQQ Trust (Ticker: QQQ) stock chart:

 

 

That is one ugly chart.

 

I believe QQQ could trade down to $382.50.

 

And one last thing … Are you one of my Option Shoppers yet?

 

If not, you just missed our first trade which we closed for 112% profit in two days!

 

That’s right, we bought the Verizon (Ticker: VZ) Dec. 23 51-strike calls, paid $.535 and sold them for $1.134 on average.

 

The good news is, you can still get in for our big kickoff event today at noon …

 

But the only way to get in right now is to call our Customer Care Team at 1-888-872-3301 before noon.

 

Good QQQuestion

 

I believe the QQQs are going to trade down to at least $382.50.

 

If they open lower and trade lower this morning, I will be a buyer of puts expiring today:

 

 

I would buy the Dec. 17 386-strike puts and sell the 381-strike puts, and pay right around a dollar.

 

Keep a close eye on this as it expires today.

 

Trade Review

 

On Monday, I bought the McDonalds (Ticker: MCD) Dec. 17 265/260 put spread and paid $1.70. It traded up to $2.30. I should have gotten out before the Fed announcement. MCD rallied along with the rest of the market and I took my loss at $1.22.

 

Sometimes, you are better off not having a position before a big announcement.

 

Thanks for Reading …

Licia Leslie

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