Holding Tight...For Now

Holding Tight...For Now Hello Smart Option Sellers! As many of you are probably aware, the markets were firing on all cylinders late last week, allowing the S&P 500, Nasdaq, and Dow Jones (almost) to hit all-time new highs. And then on this past Sunday, thanks to our President, he pulled the rug on the rally by tweeting about potential more tariffs on Chinese goods. This week, all markets have taken a bit of a beating, dropping every day so far. Sure, it probably was needed, as the markets were getting a bit frothy. Plus, it's healthy to have a pull-back every now and then. But, President Trump has also stated that he might levy additional tariffs on China this Friday, if they don't come to any long-term trade agreements. So it's in our best interests to remain on the sidelines at least until Friday. No sense in jumping into new put-sell trades if the market might drop even more. Even if more tariffs are levied and the market drops, I will still see it as an opportunity for us. You can't hold the markets down forever, so getting in when everyone else is bailing usually turns out to be a good move. Sit tight for now and continue to hold all other open positions as-is. Contact us here with fills, comments, questions or concerns. Regards,

Lee Let's Grab That Cash!