The market has traded higher to start the day, pushing our bearish option trade into the negative as of 10:40am ET. We are going to ride this one out today to see where we finish. We are looking for the SPY below $436. We are currently trading at $436.94.  Disclaimer: Trading in securities such as stocks, options, indexes, currencies, and futures involve risk and should not be undertaken without due diligence and serious independent study. Options, stocks, currencies, and futures trading, involve substantial risk. Subscribers may carry out their trading based on what they learn from “Rocket Equities & Options”...

Markets accelerated higher last week on Powell's tone and a weak jobs number Friday. Yields spiked but have given up a decent chunk of Friday's pull back. Volatility premium has dropped, but for good reason as it appears Powell feels we are at a fairly restrictive policy rate and that the risk to the economy when hiking now may outweigh the risk of runaway inflation if they do not hike. That is a substantial shift in thinking going forward as they will try and avoid hiking if at all possible considering the risk of hiking outweighs the risk of inflation at this...

We are closing our SPY $435 - $415 Put Spread, which expires next Friday October 27th. This market has a nice flush to the downside going, and while I expect lower prices next week coming into the Fed Decision on November 1st, we are taking a nice profit here. Last month, we bought a $435 - $415 SPY Oct 27th Debit put spread for about $4.65 per contract pair, and it is currently trading near $11. Sell to close the Put spread as of this update.  The SPY just traded down from 438.14 on Tuesday, to 422.08 this morning, that's almost...

Markets accelerated Friday on a hot jobs number, but traders seemed to focus on less wage growth than expected. The strike on Israel this weekend will drive geopolitical tensions for some time as they are just starting their response on Hamas. The visuals and loss of life are saddening and astounding.  We are going to hold our SPY short trade for now. We entered a debit put spread in the SPY from the 435 to 415 price point, which expires on October 27th. We entered this options trade on September 21st at about $4.65, when the SPY was trading at...

We have done our best to sit patiently waiting to short this market, and the time has finally come. This market has accelerated higher on artificial intelligence euphoria, along with growth projections, but now it is facing the very real threat of much higher rates for much longer than once anticipated.  We are going short this market with options. The VIX is still under 17, as the S&P has lost 3.5% just from last Friday's high of 4,566 in the ES Futures. This market is coming into the lows of August and I expect us to break this area and...