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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.

Few Spots Remain - Pre-Order at $66 - 20% off Regular Price

Before the update for game plan + levels, I wanted to talk about something I’m very excited about. It’s on the below topic:

It can challenging to profit on options or maintain consistency.

Even when the underlying stock moves your way you can lose money if you don’t understand the driving forces behind contract prices. This can take you out of the game fast.

I’ve realized that many students are newer to this world and can benefit from understanding the fundamental & emotional lessons that can make consistency achievable.

That’s why I’ve decided to use the holidays as a time to reset, focus on the basics and build something that I think will be beneficial for many of you.

It is a mini-course dedicated to solving the above challenge.

With this course, you’ll learn how to overcome pricing pitfalls, how options move & how to select a contract to capitalize on your desired strategy.

This would be designed as the perfect solution for a beginner looking to take their options knowledge to the next level.  You’ll learn the fundamentals of options, how they’re priced & what makes them valuable in order to win.

I’m sending this out as a test balloon to gauge interest. If the interest is there I will put the final bow on this and get it out to all of you. I will even throw in some bonus items including a free month of the premium levels.

Take a look at the details & save your seat now to lock in 20% off regular pricing below. Only $66 and a few days left before it’s closed. Let me know your thoughts!

Only A Few Days Left - Pre-Order at $66

In yesterday’s letter, (which was the very first free level Friday!), I wrote:

This is where we went. We had already lost the important 4692 prior to the NFP release before the market open. Then, on NFP we dumped precisely to the 4663 second target noted above. Then into and post-opening bell we reclaimed the important 4692 as well as yesterday’s low. Then we ran hard, all the way through 4714 first target to a high of 4721.49 before selling off & chopping.

See how well the levels work?

After fighting with the key 4692 and chopping throughout most of the afternoon we recovered it into the close. Now with a massive doji printed on the daily, where do we go from here?

More in the trade plan below.

The 5DTE $SPY 473 calls ran from a low of $48 to $124 = 158% gain.

I traded these from $61 to $116 for 90% at best sale called out in the chat. I also traded the 0DTE 469 from .15 to .48 but did not call this out in the chat, by the time I had entered and could even get to post about it we had run too far. It was an easy long entry after we sold off. 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.

Levels from the prior letter were great. They showed where we had support and resistance as we broke levels above. Then when critical levels were lost in the afternoon it was clear we were in for chop at the very least. Always trust the levels!

Now we are sitting in AH right on the 4692 key support level. What does this all 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.

Trading Plan

Here is a current check of the daily:

This includes all the way back to 6/29 & all overnight action.

Defense of the key levels below and bounce, printing a massive doji on the daily. Is this the candle that reverses us and pops us back into the range above?

Quick volume check:

Higher volume on this defensive and choppy day. Still not the massive candle that gives weight to a direction on a clear trend day.

Monday we are light on data/events but do have Fed member speech in the afternoon.

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.

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