New Year of Hot Money Gains!

January 7, 2022

Dear Trader, 

Not only has stocks started out with a bang for 2022…

 But we also posted our first triple-digit gain right out of the gate! 

Tech stocks were heavier compared to energy, financial, and industrial stocks this week.

Some of that weakness is attributed to the hawkish (aggressive rate increase) tone from the Fed minutes released on Wednesday.

Which you’d think would be bearish for the dollar and bullish for gold. 

But both gold and the dollar closed the week out a tad lower. 

Now the CBOE Volatility Index (VIX), aka the “fear” index, closed at 18, which is 3 points above our key 15 area.

What that indicates is that we are not seeing a spike in fear. 

So this pullback is orderly and we’re still in a bull market regime and watch out for the dip buyers.

Portfolio Update

Here’s a recap of what we did this week.

On Monday:

Buy-to-open the AAPL Jan. 14, 2022, $185 call

Buy-to-open the F Jan. 14, 2022, $22 call

On Tuesday:

Sell-to-close the F Jan. 14, 2022, $22 call

On Wednesday:

No action.

On Thursday:

Buy-to-open the F Feb. 4, 2022, $26/27 call spread

On Friday:

No action.

Right now, we’re holding:

  • AAPL Jan. 14, 2022, $185 call
  • F Feb. 4, 2022, $26/27 call spread
  • GILD Jan. 14, 2022, $74/77 call spread

Trade 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.

F Jan. 14, 2022, $22 call

Outcome: Closed for 410% gain.

Notes: Trading can be tough because it could take a few losses to get the big gain. That is why patience and focus is critical to creating success. Every trade is a new trade and this one was executed perfectly.

No drinking for me until after the marathon on February 6th, but that doesn’t mean you can’t enjoy a fresh spicy margarita for me - TGIF! 

Have a great weekend and talk with you on Monday.

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%