Profit Results - Friday Update
Friday Update Hello Smart Option Sellers! Happy Friday! Although the market is down big today, overall it has been another week of flat-to-upward movement. This is on top of the massive bullish launch that's been ongoing since last December. Here's the current chart of the S&P500. Once again, I have no new trades for this week. The narrative hasn't changed - with the continued bullish movement coupled with falling volatility (see the VIX), we'll continue to sit on our hands until solid opportunities present themselves. The upward stock movement is great for our established positions as it helps to depress the put option prices. This will lead to profits for us. But as far as finding safe new put-sell plays, the current market environment is not conducive for that. No worries. We'll bide our time and keep our capital at bay. Remember, forcing a trade usually leads to a bad trade. We want none of that! If today's pull-back leads to a larger sustained down-move, then we should see great new opportunities emerge. Until then, hold tight. No questions have come in of late so there's no Q&A session for today. Continue to hold all other open positions as-is. Contact me here with fills, comments, questions or concerns. Have a great weekend! Regards,
Lee Let's Grab That Cash!