This is how....

Hey traders how are you today?
I’m on the road and on a laptop, so bear with me here….. 😄 
$DJI ( ▲ 0.38% )  
$SPY ( ▲ 0.91% )  
$QQQ ( ▲ 1.3% )  
$IWM ( ▲ 0.84% )  

$ORCL ( ▲ 6.63% ) Wowwwwwwwwww could of, should of, wish I would of kept those Strangles from last week… Knowing that I would be in and out of the office I closed some positions that were green or “iffy”

That’s one way we can protect ourselves. Close or limit exposure when we are unbale to check things. Or when things are uncertain. Maybe not much with our Strangle strategy as it thrives on Volatility, but when we are simply long , trade management really matters

Tech is weak here, if there’s a Santa Claus rally this year it best be getting under way soon

With the markets melting and the Christmas break right around the corner be sure to not allow trades to go unwatched
I’m looking at some Delta Neutral plays on $GOOG ( ▲ 1.6% ) and $TSLA ( ▼ 0.45% ) both
The challenge with GOOG right now however is Volume, we would need more of it to make any new Strangles profitable right now
$CAT ( ▲ 1.84% ) and $GE ( ▲ 1.83% ) both would of been great ones for to play and we may be playing them again soon with continued movement, up or down we don’t care, just keep moving
And both of those appear to be doing just that

Like I said right now I’m on the road so I don’t have all the options I do on my home computer
So there’s no Heat Map today

The Options Coach