Member’s Video for Friday, December 22nd, 2017

New SPX butterfly put to work today in anticipation of a 4th wave while energy and financials continue to lead as US yields are pushing breakout territory.

Trade Alerts issued Thursday:
**Book profits on GOOGL Trade** Close entire spread. New Trade Alert – Tier 3 – Full Size BUY +1 BUTTERFLY SPX 100 (Weeklys) 28 FEB 18 2720/2670/2580 PUT @3.70 LMT. In the options that expire in Feb 28th, sell 2 of the 2670 puts, buy 1 of the 2720 puts and buy 1 of the 2580 puts. Starting delta is +0.25. There are no weekly options in the SPY that meet the criteria for this trade -TG-

My Latest video log is posted – Vlog 36 – Am I Becoming Clark W. Griswold?

3 Comments

  1. Steve Smit
    Steve Smit on December 22, 2017 at 8:48 am

    Todd, looks like crypto is hitting your wave 4 pullback prediction. Thankfully I’m lite in all my positions. You have the chart updated for ETH with a target reentry zone, but not BTC. I thought I remember you saying around $11-12k on BTC. Appreciate your thoughts on next steps in crypto. Thanks, Steve

    Reply
  2. Steve Smit
    Steve Smit on December 23, 2017 at 9:31 am

    Todd, thanks for the updates in the chartroom on the crypto currencies. Looking forward to seeing the LTC chart. Any plans to start adding BCH? Also watched and liked your latest YouTube post on the crypto market and trading. In the video you mention limit and stop loss orders. I don’t see any type of “advanced” ordering options on Coinbase. Are you still using Coinbase, maybe Kraken, or have you found a better alternative? Thanks as always for the insights in to all the different markets. Steve

    Reply

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