Good Morning!

Yesterday was another profitable trade for myself and the live alerts crew! The market was pumping upon open and we missed the opening opportunity for bear call spreads. We patiently gave it time to test our key data points on the dip and opened bull put spreads underneath. This trade was never really stressed and we were able to close it up early in the day. I profited around $1338 on the day. This brings the win rate to 43 wins and 1 loss since we begin doing daily credit spreads 44 trading days ago. My total profits during this window are now exceeding $32,500.

Want to start trading with us? Use the link below and get all of my trades and alerts in real time! I’ll go ahead and apply a discount to the first month so that you can sample it at a lesser rate.

As I type this premarket the market is down around a quarter of a percent. Today is an important day as it is a day where a TON of options contracts expire. This can generally cause some abnormal volatility especially towards the back half of the day. These days are often referred to as quad witching days. Today is a pretty basic day in structure. Market is sitting right on the edge of positive and negative gamma. Negative gamma seems to be the more sizable option today but positive gamma is stacked overhead should we be able to move upward at all we can move into more solid price action. As always, I plan to wait for the opening bell and see how gamma materializes before making my final call on how to trade today. My plan is to open a spread outside of the projected major action zone. Once I get a read on where that is I will issue that intel out to subscribers.

It’s been another solid week for our trades. Let’s close it out with 1 more strong one today. Thank you all for reading the daily letter.

If you’d like to get the live alerts be sure to use the link below.

Thanks!

-Caleb