Commentary Posted at: June 3rd - 3:53 PM Weekly Option Alert Alert Message The markets continue to slide. All major indexes have a very bearish 3 year weekly chart. I do not have a specific play that is not overpriced, if you are in a long position I expect another leg lower very soon. talking heads on TV are all over the place but the market is in a very bad place, be aware, all rallies should be sold until further notice. I am watching and ready to act on any good set-ups. Limits & Stops SELF DIRECTED TRADERS: Weekly Option alerts should be traded with 50% stop loss targeting 20% - 50% returns. Additional Trades View all recent trades. Weekly 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 Weekly Options Guidelines for more information about how to trade our Weekly Options strategy.