Trades, Trades, Trades

As I stated in my earlier post I placed a trade in BP yesterday and quickly got out of the position this morning with a decent profit. Soon after exiting the position I decided to buy a few puts in QQQQ. Here are the trades directly from my TOS account. Click the image below to see the trades.

You can see all the trades placed since My Options Portfolio was initiated back in early May here. Furthermore, I post all of my trades directly from my TOS account plus I include a copy of my trades each month from my Thinkorswim account. You can verify all of the trades yourself. I refuse to tout a strategy that is not transparent. How can we effectively learn how to trade options or follow a specific strategy if it is not transparent. There are already too many so-called experts out there touting there options strategies with no verifiable transparency. My performance speaks for itself.

I am currently short-term bearish (1-3 days) on the market, but I would not be surprised to see the market move higher after a slight dip. The move higher could carry into the middle of the month and hopefully up to the 1140 area on the S&P. Moreoever, a move to this level combined with a short-term overbought state could spell trouble for the bulls during the latter part of the month. As I stated in one of my recent posts on June seasonality, the last few weeks of June have been rather weak for the market. Certainly, a scenario that plays out that the aforementioned and we could indeed see a decent decline as the market heads into America’s birthday.

The much anticipated employment numbers are due out an hour before the market open,s so I expect to see some fireworks tomorrow. We shall see soon enough. Until then, have a wonderful night.

Kindest,

Andy