October 2019 Monthly Options Strategy Results

Trade Results

Post Trade Analysis

Last week ended a roller coaster week for the monthly options strategy. Friday the market lost approximately 200 points from the time trades were issued causing a wide margin on our strike prices. This forced auto trade customers to go with the strike prices posted, causing many to get stopped out on Monday’s down open. Our objective with trades is to be as close to the price as possible leaving room for the option to move around. In spite of the downturn into the close, the following week turned out once the market found its footing.

This cycle clearly demonstrates two key points: First: All self directed traders should adjust their strike choices closer to the money as they open positions near the close on Friday. Secondly, members who do not like to hold positions over the weekend may mitigate risk by opening a half position on Friday and finishing the other half on Monday.

Finally, there are many market moving events coming up over the next 4-5 weeks you don’t want to miss. Make sure you take advantage of our incredible sale though the end of this month, you’ll be happy you did.