Pre Market APR 4, 2025

The market selloff continues, the Dow Jones has already lost over 1,000 points here in the Pre Market

Today I got up 1.5 hours earlier than normal, and a lot of the successful traders that I know did also. I know that by the chatter on message boards…. It’s a blood bath out there right now, and what individual traders / investors need to figure out for themselves is, are they the lions, or the lambs

Using the new Strangles that I placed yesterday I already know that I am going to open up green with the money I left on the table, and a lot more green than I would of thought yesterday

Don’t get me wrong, I’m like you, but how we all choose to invest is up to us
Most likely you have an IRA for your retirement
I have one also
Most likely you have a job, or maybe you’re retired
From your job, or your pension, you get a paycheck on Friday, or maybe every other Friday
This is my job, short term / long term / trading / investing is my career
So I’m affected in my IRA just like you and everyone else
I’ve had to manage it to not take any big hits or losses
The day job part however, the paycheck on Friday, it’s doing well
I can’t and won’t feel bad for that, none of us should

Being directional in this market could be the end of anyone’s bank account
We could be one tariff away from capitulation
With that we here at theoptionscoach.net are sticking with our directionless strategy the Strangle

THIS TRADE ON SPY IS A ONE DAY TRADE ONLY
THE SPY TRADE COULD BE VERY HIGH RISK
CANNOT STRESS THAT ENOUGH
These MID prices and the stock leg prices could be drastically different by the time of the open on everything mentioned today
SPY
APR 4, 2025
Buy the 520 Put
Buy the 523 Call
15.68 at the MID

AMZN
APR 17, 2025
But the 165 Put
Buy the 170 Call
14.15 at the MID

COST
APR 17, 2025
Buy the 940 Put
Buy the 955 Call
44.93 at the MID

WMT
APR 17, 2025
Buy the 83 Put
Buy the 86 Call
4.14 at the MID

Investors, courtesy reminder, with these Strangles we want MOVEMENT IN EITHER DIRECTION….. THE BIGGER THE BETTER

We don’t chase stocks
We always buy at the MID or better
We set STOPS and HONOR them

I have a couple of buddies coming over for chili today
Right now I’m getting hangry, if I start cooking now anyone hungry?? 😃 

S+P 500 Support is 5,250
If the S+P 500 breaks below 5,200 there is no telling where the bottom is for now
Time to grind

The Options Coach