As you can see from the Big Chart, even the Russell is getting realistic and taking a little dip but the Nasdaq keeps chugging along near it's highs. Of course I told you Wednesday morning that the Nasdaq would be jacked up into the close and we didn't quite make a new high that day but boy did we give it right back yesterday (also as expected). Still, not too much damage so far – all things considered.
Those same weekly TZA $21.50 calls that I featured in the morning post came in below our .70 entry target (.64) and closed yesterday at $1.35 (up 92%) after topping out at $1.75 in the afternoon (up 142%). It's not shameful to go back to the well on these, folks!
Yesterday morning, in our Member Chat Room, we added disaster hedges for SPY, using Nov $163 puts at $2 and they gained a quick 10% on the day while the TZA Nov $22/25 bull call spread at $1 was still playable at the bell. Of course our best play of the day was, as it often is, shorting oil at $104 and catching the ride down to $103 for a $1,000 per contract gain. I posted this for FREE in the morning post and, as you can see from the chart, we had all morning to pick it up – including the spike we expected at the 10:30 natural gas report.
An enterprising person shorting all 300,767 contracts I pointed out were open (and fake) in the morning could have pocketed a quick $300,767,000 in profits and been back to cash by 2:30. This is how we like to trade: Get in, make money, get out! In fact, Jon Najarian and I will be giving a Web Seminar ("webinar" to the in crowd) on Tuesday at 5 Central Time (that's 6pm in America) and, as it's our first joint seminar and we haven't practiced together yet – we're doing it for FREE if you SIGN UP HERE. What's our first topic – Why, we're going to teach you to BE THE HOUSE, of course:
Speaking of casinos, there are still some seats available for our LIVE, 2-Day Seminar in Las Vegas on November 10th and 11th that we'll be presenting along with Market Tamer – another one of our education partners. I believe Caesar's rooms are sold out but we still have fantastic rates at Ballys – use the booking code Bally's booking code SBPHI3 (800 358-8777) and mention our conference and Saturday rates are just $125 with $55 on Sunday (other nights available as well).
IN PROGRESS
