Tariff Update

Tariff Update Hello Smart Option Sellers! I'm not one one to gloat, but just as expected, we got the tweet from President Trump today that the U.S. is very close to a trade deal with China. Here's what I said yesterday: We also have President Trump's decision by December 15 on whether he will go ahead with the next round of tariffs on China. He's very predictable though - when the stock market is near its highs, he talks tough on China. But when the market starts selling off, he puts out announcements that the tariffs are on hold. This leads to lots of swings in the market. He knows his best asset is a strong stock market, so he would never jeopardize that. He does this by putting out very timely tweets to help sway the market. I'm quite sure we'll see an announcement in the next few days that the tariffs have once again been put on hold because of "constructive talks with China". And sure enough, Trump tweeted very similar wording this morning. You can read the article/tweet here. So predictable. Whether a deal comes to fruition in the next few days is anyone's guess, but for today at least, the market is soaring and putting us in a good spot for our open trades. Nothing else to add for today. Keep holding! And, if you get filled on the Colgate (CL) buy-back order, please send us your results. We already had some fills reported, but I'm waiting for the rest of the gang to get confirmation before calling it official. I'll be out of the office tomorrow but might squeeze in an early alert. If not, I'll check back in next week. That's all for now. 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!

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