In partnership with

Whiskey Investing: Consistent Returns with Vinovest

It’s no secret that investors love strong returns.

That’s why 250,000 people use Vinovest to invest in fine whiskey.

Whiskey has consistently matured and delivered noteworthy exits. With the most recent exit at 30.7%, Vinovest’s track record supports whiskey’s value growth across categories such as Bourbon, Scotch, and Irish whiskey.

With Vinovest’s strategic approach to sourcing and market analysis, you get access to optimal acquisition costs and profitable exits.

Schedule a call with a Vinovest advisor to learn more.

Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

There seems to be some confusion as to the premium subscription and the discord chat. If you are premium and you do not have access to the “Premium Members Only” channels including “members-only” please authenticate yourself in the “bot-request-premium” chat. Or send me a DM in the discord!

Also - if you missed it - join our chat during market hours for premium subscribers. We are now leveraging discord for this. Link is at the very bottom of premium content: Trading Plan section below.

Reminder - I will never direct message you and ask you to trade with me or deposit money into an account. Even if it looks like me it is a scam. I wish I had ways to prevent those on social networks impersonating me. All I have is this letter which the premium subscription-only through beehiiv, opens up the discord.

In yesterday’s letter, I wrote:

This is what happened. The market opened with strength, pushing through the levels I highlighted. After holding 5316, we saw a quick dip to 5302, which was defended well. This set us up for a rally that pushed through 5348, with a high of 5358.67 achieved by the end of the session. The resilience shown at the key levels was a clear signal of the bullish momentum.

See how well the levels work?

Now that we have reclaimed these levels and made significant progress, what are we watching for moving forward? What supports must we maintain to avoid a pullback?

More in the trade plan below.

The $SPY 3DTE 534 calls ran from a low of $125 to $304 = 143% gain.

I traded this contract. The timing was perfect as we capitalized on the bullish sentiment following the successful reclaim of critical levels. More in the trade recap below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

The levels played out beautifully today. After the failed breakdowns at 5302 and 5316, and later at 5330, it was clear that the market wanted to move higher. Always trust the levels!

Now we are sitting in AH right above the key 5337 support level. What does this mean and where do we go from here? Read below for my trade plan which includes actionable support & resistance levels, outlook for the next session and today’s trade recap.

Learn the system to make 1-3 low risk, high reward trades per day using SPY/SPX options.

If you are enjoying this letter, consider sharing with a friend! We even have a referral program where you can earn free subscription time for referring others that sign up for a paid subscription.

Trading Plan

Here is a current check of the daily:

This includes all the way back to 1/5 & all overnight action.

On the daily, we managed to hold where we needed and make up some ground by the close despite the very light Friday volume.

Quick volume check:

As indicated - one of the lower volume days - summer Friday!

Looking ahead to Monday, there isn’t much in terms of data or scheduled events, but keep an eye on inflation expectations from the Cleveland Fed, which could provide some interesting insights. Also always watch Iran, Israel and US election news.

I am receiving some great questions from beginners. This is helping me develop guides for this group as well as the course. More to come but I’ve created a separate channel in the discord just so you can not be shy about bringing those questions to the group. No question is dumb, we grow stronger together!

In fact, I’ve created this single resource as a guide. It is a living document and we will continue updating it. You must be logged into the site to read it:

https://letter.spyoptionsactionablelevels.com/p/strategy-guide-the-basics

As readers know trading after a massive move in either direction is risky.

Trying to predict when trend will break is a fool’s game because the trend can be stronger than you ever realize.

Going with the trend is hard because it has already run so far (or dropped) and move may be close to over.

All you can do is pick your entries carefully and with proper position sizing. Trading out 1-3 DTE or further also helps soften the blow.

Yes it will decrease the amount of profit but will greatly help keep you in a trade long enough to see return.

Subscribe to Premium to read the rest.