Markets

Posted at: March 31st - 11:00 AM

Weekly Option Alert

Alert Message

Today the markets may get their final beat down. We will be looking for double bottom moves prior to the close. Stock Trader Almanac has markets down 15 of 25 times today and tomorrow (turnaround Tuesday, 4/1) is up 15 0f last 19 times. April is the best month for the DOW dating back to 1950 with an average gain of 2%. This will either be a self fulfilling prophecy and the markets will rise, or it will go against those that have tried to get ahead of it. We have the monthly unemployment numbers on Friday and that will move markets.


Limits & Stops

SELF DIRECTED TRADERS: Weekly Option alerts should be traded with 50% stop loss targeting 20% - 50% returns.

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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.

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