Market Overview

Turnaround Tuesday – Back to Bull Already? Members Only!


What a crazy market!

Super-fast drops followed by rocket pops.  On the whole, we haven't really gone anywhere since Thanksgiving but, like any good roller-coaster that drops you off right where you started, what a ride!

In our Member Chat Room, we're in the process of identifying "5 Marco Trade Ideas for 2014" for Tomorrow's FREE Webcast (12 Noon), which you can sign up for RIGHT HERE.   

This is a bonus Webcast to our usual weekly broadcast and you can join us today at 2pm using this link, which should be an exciting time for it!  For the moment, we're going to have to respect the technicals and call yesterday's move bullish and constructive but not much of it matters ahead of the Fed and, if you haven't gone to cash – now is still a good time!  That includes our recent "5 MORE Trade Ideas That Can Make 500% in an Up Market," which were:

  • 10 QQQ March $83/88 bull call spread at $2.18 ($2,180), selling 1 AAPL 2015 $450 puts for $32.50 ($3,250) for a net $1,070 credit, now net $200 so $1,207 in pocket – up 112%
  • DDM April $105/115 bull call spread at $5, selling CAT 2016 $60 puts for $4 for net $1, now $1.15 - up 15%
  • 5 DBA 2016 $22/26 bull call spread at $2.20 ($1,100), selling 5 $21 puts for .65 for net $1.75 ($875) and one CAT 2016 $60 put for $400 for a net $175 credit, now net $895 – up 611%
  • AAPL 2016 $450/600 bull call spread at $60, selling $400 puts for $35 for net $25, now $72.50 – up 190%
  • T 2015 $30/35 bull call spreads at $3.45, selling 2016 $30 puts for $2.85 for net .60, now net -.42 - down 170% 

4 out of 5 is not bad and T is at $34.15 so nothing to worry about – it's just the higher VIX making the puts and calls we sold more expensive relative to the calls we own but, if T expired at $34.15, that -42 would jump over 1,000% to +$4.15.  This is why it is CRUCIAL that you LEARN about options and don't just trade them.  If you
continue reading

Would you like to read up-to-date articles on the day they are posted? Subscribe by clicking here.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Futures Forex Pre-Market Outlook Markets


Related Articles

View Comments and Join the Discussion!

EUR/USD – Little Movement Despite Investment Confidence Data

Mid-Day Market Update: U.S. Markets Extend Losses; Hewlett-Packard Shares Rise On Analyst Upgrade