I’m stuck in the Chicago airport right now, waiting to catch my flight back to the clear blue skies of beautiful Colorado… and I can’t wait to get home. I’ll be home for a day, then head to Vail for a little R&R for the long weekend.

I’ll admit that I’ve become a little spoiled in the last few years of not being tied down by a J-O-B, and having the flexibly to work from home.

Being in Chicago all week has been a fresh reminder of how much living out of a suitcase absolutely sucks!

Anyway, I look forward to the month of September for a couple of reasons.

First of all, my wedding Anniversary is in September, and the weather couldn’t be better for getting up to the mountains to celebrate. Skies are crystal clear, leaves begin to change colors, and the temperature are in the mid 70’s almost everyday…pretty hard to beat!

If you haven’t witnessed the entire mountain of aspen trees changing color… that should go on your bucket list… It’s simply amazing…. Although a picture can’t do it justice, here’s what I’m talking about:

My second reason for loving September is the probability of the Market heading South in September is high. In the past decade, the S&P has declined four times by 5% in September. Additionally, since 1950, the S&P’s average decline is by .6%.  With history not exactly on its side, September is in even more trouble this year because of the markets activity.

But as an Option Seller…I absolutely love it when Volatility goes off the Charts because it makes those front month option premiums go through the roof.

I’ll explain…

Imagine doing the same job you typically do every month but then in September your boss comes to you and tells you that you’re going to get paid an additional 40% for doing the exact same thing you do every other month anyway.

No Required Overtime…

No Boring Extra Training…

Nothing…

Just an extra 40% for the Month of September.

Now, no one knows for sure if September will be down.  But if I was a betting man, I’d say that the probabilities are in our favor as savvy option sellers that things are going to get shaky after Labor Day.

Gotta run…time to jump on the plane.

Jeffrey

P.S. I you have any thoughts about the month of September,  let me know by leaving a comment below!

Here is an Article I found on the Business Insiders website yesterday: http://read.bi/b0Tlqo

CHART OF THE DAY: Today’s ‘Good’ Unemployment Data Masked A Huge Jump In Emergency Claims
Vincent Fernando, CFA, Aug. 26, 2010,

Here’s why today’s jobless claims data wasn’t quite as good as the headline number made it out to be. Yes, initial jobless claims for the week ending August 21st were 473,000, which was lower than consensus had forecast, and below the 500,000 level broken one week ago. Continuing unemployment claims also shrunk.

But…

The latest report described a 200,000 jump in people seeking emergency unemployment extensions (Emergency Unemployment Compensation, EUC*), for the week ending August 7th, which is the latest data. As shown by a chart from Waverly Advisors below, emergency unemployment claims have shot up markedly as percentage of the workforce.

Waverly Advisors:

The number of claimants under all emergency extensions for the week ending August 7th expanded by 200k to 4.9 million. In context, the total receiving benefit extensions is now back over 3% of the civilian work force and at the highest level since April.

*Emergency Unemployment Compensation is provided as a temporary Federal extension for the unemployed who have already used up their regular state benefits.

Read more: http://www.businessinsider.com/chart-of-the-day-claims-under-state-programs-2010-8#ixzz0xqGtTLmj

Over the past several years that I’ve been coaching traders… I’ve been asked a bunch of times what separates the “wannabe traders” from the Pros, who actually make real money in the market.

And I usually answer by giving the six things that loosing traders do to sabotage their trading accounts… and ruin any chance they have for profit.

Well, I’ve put together a video where I talk about each one of those mistakes, and how to avoid them:

Chances are, you know some other traders that are making these same mistakes. Do them a favor and forward this video on to them!

Jeff

Earlier, I posted Part 1 of a video I made to help you protect your assets  in case the thin thread that is holding the DOW breaks…

Imagine this for a second:  You are at ground level, and have to stop a piano that has been thrown out of a 10 story window… Would you want to be on the ground looking up?

I doubt it. Thats why I made Part 2. To show you the exact steps I take to execute this protective put strategy:

Make sure to pass this information along to those you love most… and help them prepare for the worst!

Jeff

I made this video in response to Tony Robbins’ warning (posted here on Aug 18th) that we are in an “Economic Winter”… and I wanted to make sure that everyone was protected just in case we see a double dip.

This is Part One, where I give a description of how put options can act as protection.

Part two will be posted here later today, and I’ll show step by step HOW I execute this trade.

This information is so important that it can keep your financial assets protected in the event we have a meltdown. So make sure to share this video with everyone you know!!

Jeff