Tomorrow will be interesting with our Apple butterfly. Can the breakout continue and press towards $165 to get us a max profit situation? We’re also working the Facebook put credit spread that is acting well and Bitcoin is threatening to move above $5k.
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Futures are higher this morning, but still very much contained in the 4th wave range. So, let’s take a few minutes to lay out our next index put butterfly.
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If you read the newspaper this morning you would have thought the smart move was to short stocks and buy crude oil. Well, the correct way to trade it today was exactly the opposite! We took profits in gold off a possible triangle top and added new long exposure in Facebook.
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This is an exclusive, members-only webinar that takes a deep dive into our current positions, potential trade setups, our trading methodologies, and have all of your questions and comments addressed! (more…)

A gold breakout is upon us and our call spread is cruising. Stock indexes are still locked in 4th waves and Apple is dancing around the point of profitability in the butterfly that lands Friday. Also, here’s how I’m trading Bitcoin and how you can get involved.
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Are thoughts are with our friends in Texas. Ranges prevail in the stock indexes, bonds, gold, crude, but not the USD! We’re focusing on the option butterflies to generate some return in these slow summer markets.
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Starting to move towards a more neutral bias in the stock indexes and looking for long entries in Facebook and Apple.
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Back from a little vacation and gearing up for what is traditionally the slowest week in the year alongside Christmas. Let’s take a step back to assess where we are on the monthly charts from a price and range point of view, and show you why butterflies will continue to be our trading strategy.
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Traders – Just a reminder that I’m traveling with the family in Florida and the coverage will be sporadic until August 23rd. That said, I am watching these markets fulfill our call for a 2500 top and watching for short opportunities every single day. We took one attempt to be short the Russell via the IWM put debit spread,…. (more…)

NASDAQ looks strong and the Russell looks weak. Let’s see who’s right and who’s wrong! We had a nice bounce-back in PnL today and will need to manage our positions properly. Also, Todd is traveling for a week and will be watching positions, but communications will be intermittent. (more…)