Enjoy The Last Summer 3 Day Weekend!

September 3, 2021

Dear Trader

Wow! That was an ugly jobs number report this morning.

The market was expecting +750k non-farm payrolls, but it came in at +235K for August. 

Which will likely see a revision lower.

And if we didn’t think the wheels haven’t come off yet, the NY Fed announced they will suspend its GDP tracking model. 

All I can say is, it’s an interesting time to be alive. 

Luckily, we were able to put another winning trade on the board before we head into the 3-day weekend. 

Now, the CBOE Volatility Index (VIX), aka the “fear” index, is at 16 above our key 15 level.

So we continue to be a bullish regime and tip-toe higher. 

But I still think things will get very interesting in the coming months, buckle up! 

Now let’s talk shop.

Portfolio Update

On Monday:

Buy-to-open the AAPL September 17, 2021, $155/$160 call spread

On Tuesday:

No action.

On Wednesday:

Buy-to-open the CCJ October 15, 2021, $19/$22 call spread

On Thursday:

Sell-to-close the CCJ October 15, 2021, $19/$22 call spread

On Friday:

No action.

Right now, we’re holding:

  • FCX September 17, 2021, $38/$41 call spread
  • SNAP September 17, 2021, $80/$90 call spread
  • YELL October 15, 2021, $7.50/$10 call spread
  • JNPR September 17, 2021, $29/$31 call spread
  • ACM December 17, 2021, $70/$75 call spread
  • AAPL September 17, 2021, $155/$160 call spread

Joshua’s Journal

This is my journal which is a debrief of every trade closed or expired to analyze what happened, why it happened and how it can be done better — like what the military uses after missions.

CCJ October 15, 2021, $19/$22 call spread

Outcome: Exited for a 50% gain.

Notes: We executed this perfectly. Shares did continue to spike higher, but that’s a gamble. If we knew that shares were going to spike higher the following day, being long calls would’ve paid us more. But that’s always the trade off.

Now it’s time to get my 7 mile run in before I head to the pool with a fresh jalapeno margarita - TGIF! 

Markets are closed on Monday, so I'll have a new trade on Tuesday!

Enjoy your Labor Day weekend and God bless the USA. 

To your wealth, freedom, and options!

Joshua M. Belanger

Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%
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