2016 Oct Commentary Posted at: October 14th - 2:46 PM Monthly Option Alert Alert Message I would like to welcome those joining us this cycle. The past month has been fairly brutal on stocks, up one day, down the next. Bank earning turned out well this morning as we kicked of the earning season. This month should be a good month if we get the major market bottom some are calling for on the 17th. Remember to book profits in the 25-50% range using limit orders and do not set initial stop losses, this is a maximum 5 day cycle but we typically have made our profit and moved on prior to that. Plays will be out at 3:30pm et Limits & Stops SELF DIRECTED TRADERS: Monthly Option alerts should be traded with NO stop loss targeting 30% - 50% returns. Additional Trades View all recent trades. Monthly Options Instructions All options are buy to open, sell to close. Options follow the following format: Stock + Expiration Date + Option Type + Strike Price. Example QQQ201220C120 = QQQ 2020/12/20 Call $120. Read Monthly Options Guidelines for more information about how to trade our Weekly Options strategy.