Sept 2018 Core Update

Posted at: September 20th - 9:01 AM

Monthly Option Alert

Alert Message

With the tariff news over the weekend we started off the week down considerably, IBM was the only stock that turned in a 30% profit that day. Tuesday we had a nice bounce back rally with a couple more of our plays turning a profit. Wednesday another strong day for the DOW, SPY and the IYT. Today looks to be another strong day with 4 of our 8 still looking to turn a profit. Those still in our choices should be looking for an exit today on the QQQ's and GOOG. I suggest selling out of AAPL and AMZN as they pop up today. It's been a tough week but by the time it's over we should have at least 6 out of 8 winner, not bad for a situation that put us behind the eight ball from the start.

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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.

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