It’s been 4 months since we’ve seen volatility like we’ve seen this week.
The S&P 500 is going to close in red for the first time in 2020.
The fear gauge for the S&P 500, known as the CBOE Market Volatility Index (VIX), at 19, which is above our key level of 15.
Markets have been weakening throughout today’s session, but it’s been pretty orderly.
That means this is a normal pullback with buyers waiting to buy the dip.
We’ve seen this before, and we will see it again. As we’ve been saying, volatility equals opportunity.
The key is to not get frustrated and make rash decisions. Remember, in the long run, strategic moves will produce more winners than losers.
At Hot Money Trader, I promise to navigate you through any type of market. I will always provide you with the best stocks for large potential moves following the Hot Money.
Today is a tough day for longs, but the S&P 500 is down 4% from all-time highs last week.
During challenging environments, we need to keep things in perspective.
The best way to avoid panic with when things don’t go our way by only risking 1–3% per trade.
The power of options and Hot Money allows us to stay nimble and capture large gains.
It's a tough week, but stick to our system - come out on top!
On Monday, we bought to open Zynga Inc (NYSE: ZNGA) June 19, 2020, $6 call up to $0.63 per contract.
On Tuesday, we bought to open Melco Resorts & Entertainment Limited (NASDAQ: MLCO) Feb. 21, 2020, $22 call up to $0.60 per contract.
Right now we’re holding:
As always, keep sending your questions and feedback to [email protected]
My team and I will have a new trade for you on Monday.
To your wealth, freedom and options!