
Sold calls and Bought puts on the Vxx today and bought spy calls
Sold spy puts
Double bottom…. We run higher from here IMHO
If not OUCH!
Hi Jeff,
I believe this is just a beginning.
Unless the US Government will enject more money into this economy the stock market will either go sideways or will drop dramatically over the next 12 months.
Mark
According to technical analisis it should recover as after 2008 and even more so according to fundamental analasis , the economy is much more stable then in 2008 according to my opinion at least and I am a beginner . tnx
My guess is to wait for a fractalized confirmation on an up move based coincident with the Vix topping out. The move won’t be super long but maybe long enough to make some money on a September bull put spread, especially since I have that idea supported by the 61.8 retracement of the 2008 bottom to the latest top. I have no clue what to do then…. will just have to keep looking for the pitch. Of course I might lose on this one but it is pretty tight and the premiums give some ease to the bet.
Ouch! Merry XMas time.
Jeff,were making a killing off of your magic 25 strategy,up 7500 in 2 days in first few days of Aug.We just got back from vacation and life is great thanks to you brother! Anyone out there still trying to decide to join Jeffs Academy needs to take a leap of faith and do it! study ,listen,learn and WIN!!! Mark Fisher