Update: S&P 500 Deja Vu

November 18, 2019

Markets are taking a pause today after November options expiration on Friday.

The S&P 500 and NASDAQ-100 continue to notch new all-time highs, and the reason for markets drifting higher is due to anticipation for a phase one trade agreement with China.

The fear gauge is known as the CBOE Market Volatility Index (VIX) for the S&P 500, which is at 12 and below our key level at 15 — indicates that we can keep our rally hats on.

In other news, I’m still coming down from the buzz of my presentation at the TradersEXPO.

We packed the house!

So many came up afterward to say it was hands down the best presentation at the TradersEXPO!

It was a pleasure meeting and taking pictures with those who attended.

If you missed it, don’t worry…

We were able to record the session, and my team is putting the information into a bonus report.

We’ll have that ready for you pretty quickly.

I’m also excited to announce that I will be speaking at The MoneyShow Orlando, Feb. 6–8, 2020, at the Omni Orlando Resort at ChampionsGate in Orlando, Florida.

It’s going to be a great event, and I hope to see you then!

Now let’s talk shop.

Portfolio Update

On Tuesday, we bought to open Kraft Heinz Co (NASDAQ: KHC) December 13, 2019, $34 calls up to $0.35 per contract.

On Friday, our EQT Corp (NYSE: EQT) November 15, 2019, $12 calls expired worthless.

Right now we’re holding:

  • Kraft Heinz Co (NASDAQ: KHC) December 13, 2019, $34 calls

After-Action Report

EQT Corp (NYSE: EQT) November 15, 2019, $12 calls

  • Date: November 05, 2019
  • Reason: Hot money was positioning themselves for a quick move higher in this with purchasing short-dated options
  • Outcome: Expired worthless.
  • Improvements: Share prices popped in our favor, but then quickly turned down after some negative comments around the fracking industry. We took a cheap shot, but it didn’t work out.

As always, keep sending your questions and feedback to [email protected]

My team and I will have a new trade for you on Tuesday.

To your wealth, freedom and options!

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%