Can we get back to making money now?

money

September 30, 2024

It was hard, no denying it, the markets were red this morning, the J-Pow spoke saying that the Fed wasn’t in a big hurry to drop rates. The market dropped further, then bammm it was like all of sudden everyone remembered that today is the last day of the 3rd quarter

With that the EOD rally ensued, and we were back to the races. The S+P 500 closed with a new ATH today ( isn’t this the 49th time this year now? ) Congrats to the S+P and all of those who are long.

I’ve been hesitant to share more than I did last night about any new stocks. Not until the new quarter starts tomorrow. Today we here at theoptionscoach.net took a few new trades with our friends CAT and GE. Both are new positions with lower risk. CAT is still in a little bit of a no mans land here and needs to hold this 390 area with volume to get any further advancements.
SFM performed well for us today, very well actually. We liked the price action in it and bought the OCT 18, 2024 Calls at the 110 Strike, on our risk scale of 1-5 that is a 4. That trade closed up 27.80% for us on the day. Tomorrow is another day

The Options Coach

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