
Great Videos on a much needed subject. Thank you for making this available. It is greatly appreciated.
My pleasure Michelle…now help me spread the word and get this out to everyone before the thread breaks.
I did watch both of your videos yesterday, great presentation. Even for the novice investor you kept it short and sweet. “Puts 101″ if you will.
I have indeed sent your videos out to everyone I know. It should come as no surprise that most of the responses I have received deal with protecting Mutual Funds/401k’s. I have tried to explain as best as I can…some people are just scared to death of options! But it helps to use your wording…framing it as ‘insurance’.
The one common denominator that I am seeing is FEAR. People are scared Jeff…very scared. I’m in agreement with you…I think the market is heading south and I have used your guidance to protect myself. The average ‘guy on the street’ is going to get crushed.
Keep up the good work my friend and keep those videos coming. I study them like a college textbook.
Hey Marty,
Thanks for spreading the word about this.
Here are a few thoughts on FEAR.
Neither Fear nor Panic are strategies for success in any area of life. Getting a Proper education will part the clouds of uncertainty… and separate the Victors from the Victims.
Unfortunately, only 1% of investors that have exposure in the Market, will take the necessary steps to get the proper education that will enable them to profit from an ugly economy.
Hopefully, we won’t see another 2008… but if we do, YOU my friend, have taken the necessary steps to protect Your Financial House from Burning to the Ground.
That’s my hope for every person who reads this post. Become unshakable, unmoving, and unwavering…. no matter what tomorrow brings… because you have prepared yourself to be the Victor if this market melts down.
I wish you all the best,
Jeffrey Z
Hi Jeff
I’ve been a member of the All Stars site now for about 4 months and learnt heaps. It is indeed Credit Spreads made simple. Being very cautious and conservative in trading it suits my style just right.
I am not too sure about the market collapsing. Sure, the fundamentals stink but the market is driven by human sentiment and most of the Moms and Dads have long since gotten out. All that’s left are the big boys and they will manipulate the market to their own advantage. Maybe not following the crowd (popular opinion)could just be the way to go.
Dear Jeff:
I took your course last winter and quite enjoyed it. I have been a trader off and on for 30 years but spread trading was something I knew nothing about — only that it existed. You fixed that for me with great teaching skills, patience and marvelous insight. Now onto the reason I am writing.
I really got a lot out of the Tony Robbins tape — I have been short the NDX since June (many puts due to expire in Oct and Jan’11.)
Your tape on Tony Robbins clinched me decision on the market. Or course I use a lot of other indicators but it was the Robbins reasoning that did it for me. I also like your indicator on the ESCRI — You are a man who is at the top of his game.
Thanks for being there!
Erik
Hi Jeff,
Finally more people are talking about it ….as you know this is nothing new, just read -Rich Dad’s Prophecy-.
Thx for the great PA coaching videos of the last couple of weeks by the way ;D
Hi jeff just wanted to bring your attention to report i saw on thestreet.com, it talks about the Hindenburg Omen
http://www.thestreet.com/story/10835851/1/hindenburg-omen-is-a-stock-market-crash-imminent.html
Invaluable information! Thanks so much! I was reading recently about implementing an S&P Collar where a call option is purchased for the same month as the put to cover the cost without coming out of pocket. I’m sure you are aware of this so I’m sure there is a good reason not to use this technique. Could you comment on this please?
Hello Rebecca,
Don’t you mean sell a call to bring in enough premium to offset the expense of purchasing the put option. If so, you have unlimited exposure to the upside if the Market moves against you.
JZ
Yes – I did mean to say “a call is sold” to offset the expense. Sorry for the faux pas. And I understand what you are saying about the upside unlimited exposure risk. It’s not worth it! Thanks for your reply. I pray all the best for you and your family.
Great!!!! More people my capital gains tax gets to pay for!!! Hey Jeff, send a copy of your program to the U S government…..I’m sure they could use the advise.
Hi Jeff, I loaded up on SPX put options, as recommended. My timing is always bad as I bought them Tuesday morning, just before the rally started. Now I’m down a lot on them. Oh well, I picked up gains on all my long positions.
Al Coven
Kenny, thanks for the comment! Very funny…
Hi Al,
Thanks for the comment. Remember, the content I released was on using put options as insurance in case of a drastic move… not primarily for income. Way to take action to get protected.
Jeff
It’s amazing how gullible the market is when it comes to statistics that are kept by the government. But, you gotta go with the trend – so even though the market should be tanking, right now we are in a bull rally of some kind.