Sept 2016 Commentary Posted at: September 9th - 2:54 PM Monthly Option Alert Alert Message Welcome everyone. My oh my how fast things change. Sat here for countless weeks and the market barely moved, now it moves 42 handles in one day. By moving so fast the market has lost critical support. This month will be different than most by relying heavily on the put side. We may get a relief bounce on Monday but I expect a clear follow through after that. WYNN will be a call play, even today’s negative action has not stopped the upward move. I hope everyone had a chance to read the pre-trade analysis. Always remember to book profits 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.