March 2020 Commentary/Picks Posted at: March 13th - 2:55 PM Monthly Option Alert Alert Message WOW, what a week. I wasn’t going to post a Commentary any longer but I felt compelled this time around. The President speaks in thirty minutes which will be critical. The option premiums are way out of whack. You can see from the pre-trade analysis our track record in March is muddled at best. Since there is no way of knowing where this market will go into the close if you are going to trade you will have to pick the closest strike price upon purchasing. I recommend waiting till the final 10 minutes, if the market is negative NO TRADE, if the market is climbing take a small high risk position is QQQ, DIA, or SPY. Options will be expensive and it will take an outsized move to profitability. Stay safe and look out for yourselves, your loved ones and your neighbors. I will post the results for the three choices if a position is taken. If AutoTrade cannot follow these guidelines they should refrain from trading. This will be the only communication prior to the close today. 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.