August 17, 2017

More Downside To Come?

Today was a banner day for the High-Probability, Mean-Reversion Options Strategy. The IWM puts that I purchased near the close yesterday closed the day up 27.9% and if we continue to move to the downside tomorrow, which looks highly likely we could see even greater gains.

My thought is that we will close the gap in IWM, DIA and SPY that occurred last Friday. This would take the major market ETFs to $69.73, $115.77 and $122.10, respectively. If we happen to close the aforementioned gaps then the next move could take the major market benchmarks down to close the gap from 10/10. A move like this over the next few weeks would lead to extraordinary gains in the strategy. A move to close the gap from last Friday could lead to us to a break-even or possibly, yes possibly a slight gain for the month. The chances for the latter or not likely, but that is okay. This is a long-term strategy and the occasional losing month is expected. Remember, this is a marathon and not a sprint.

As for the Theta Driver Options Strategy it continues to chug along nicely. I am enthused by the wave of reviews by all of you. I still have a few spots left so if you are interested give it a try. It is free for 30 days. What do you have to lose?

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