February Core Commentary Posted at: February 12th - 3:01 PM Monthly Option Alert Alert Message Welcome everyone. Markets have been under pressure since the beginning of the year and stopped on a dime yesterday on a mere rumor on oil. Was it the work of the plunge protection team? Stranger things have happened. I do not expect the rally to continue into next week. Monday we have a holiday and the markets are closed, that will eat some premium. The Almanac has the day after President’s day, NASDAQ 14 of last 21 and first trading day of expiration week DOW down 7 of last 11. Topping it off we have the Nasdaq down 12 of the last 16 on Friday. I will be putting out plays at 3:30pm ET for what I believe will be a down market next week. Remember book profits when they present themselves in the 25-50% range. 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.