The June options expiration cycle is upon us.
But, before we get to June, I want to congratulate all of you who had May bear call spreads on. Keep up the good work! It’s been an amazing run. Just remember to stay diligent with your position-sizing and resist the temptation from taking on significantly bigger size. We’ve had a solid year of gains and we want to keep our profits. Proper risk-management is the key to successful long-term options trading. Without it, you are inevitably doomed to fail.
So with that being said, we are on to June. Currently, as most of you know (subscribers) we already have two positions on and will be adding a few more in the coming week. I’m still under the assumption that the next six months (sell in May) will keep the market from rallying to hard. Bear call spreads will be the strategy of choice, with a few iron condors thrown into the mix. Oh yeah, and I’m going to start selling puts when the opportunities arise.
If you are a believer in a statistical approach towards investing please do not hesitate to try my options strategies. I use simple mean-reversion coupled with probabilities for each and every trade. Give it a try, it’s free for 30 days.
Also, due to the enormous amount of requests over the past week I have decided to keep my annual deal available for several more days. Thanks again for all of the support.