Pre Market FEB 3, 2025

Stocks are red as it gets this morning, I do mean red

“The Trump Dump” after the tariffs that were announced is taking it’s effect on the markets
It’s highly unlikely this is a “one and done” and we just bounce back later today, be great if we did, we’d welcome it, but not counting on it

Prices are being reset as we speak, the data for the new prices now won’t be available until after the open
I.V. rankings are what we’re most interested in above everything else
Unfortunately some shot to the moon over night, or will after the market opens
That is 110% okay, remember how I just said we might start selling Premium??? 😁 

One thing that is certain however is that we Options traders are going to capitalize, don’t get it twisted, we are going to be getting set up for some great future gains

I’ve shared before that I’m an ex cop, cops are “Civil Servants”
To any one that trades the Sunday night “Futs” ( In Futures trading they say that for short )
especially to anyone that trades the overnight ES, or last nights, Congrats to you trader, I mean that…

Big drops like that last night can make a trader more money in one single night trading “The Futs” than I ever made in one entire year as a cop, and that includes my over time
Futures traders got paid last night in a serious way

Ever since Day 1 we here at theoptionscoach.net have said “SET STOPS and HONOR THEM” For those that don’t have STOPS set, today may be a good idea to try and visit that if it’s not to late
Also don’t allow any winners to turn into losers, that’s not bad luck, that’s just bad investing, period

I’ve been talking about exiting JPM, expect banks to take a hit here today> Bigger than some other sectors

AMZN reports earnings this Thursday
GOOG is set for tomorrow

S+P 500 Support is holding at 6,030 😄 
IF we break that then 5,995
IFFFFFFFFFFFFFFF some how, some way, we break south of 5,900 then we’ll have bigger issues on our hands

Time to grind

The Options Coach