Wanna see a magic trick?

Green, the markets closed very, very green today

$DJI ( ▲ 0.86% )  
$SPX ( ▲ 0.55% )  
$QQQ ( ▲ 0.65% )  

Treasury Secretary Bessent said that he expects things to “de-escalate” with the trade war between the U.S. and China

Years ago I took a magic class for fun. It wasn’t easy
First off, you have to be good with your hands ( which I am ) and you need to have really really reallyyy good hand eye coordination ( which I have )
What could of used some improvement was my patience

When Meat Loaf sang “2 outta 3 ain’t bad” he wasn’t talking about the markets
The markets rewarded us for our patience today
In the past I’ve talked a lot about managing trades
That is not something that I can, or will do on a daily basis
Trade Management could be a ZOOM class all on it’s own
I may want to exit with a blah blah % gain or loss
And other investors may want to exit with a blah blah % gain or loss
We can go off of “best practices” but it’s really up to the individual investor where he wants to exit, and hopefully he / she does so with a gain and not allow gains to turn into losses… Time frames, that is another variable, how long each investor wants to be in a trade could vary. Right now in this market however the treasures continue to go to the most strategic, and that means shorter term

One of our friends here at theoptionscoach.net is $COST ( ▲ 1.06% )  
Today I had 2 separate Strangles going that I carried from yesterday
As price began to move north today with Volume, I dropped the short strike on those and rode the Long Calls. At that point they were “Blind”
Then this morning I added some additional Blind Calls

The day was profitable
As you can see those Bind Calls produced gains as follows
14.41%
38.20% and then
158.42%

I would then exit taking profits on all of them, only to reload up again after the dip was being bought. To say the day was profitable would be accurate

We’re still riding our Strangles on $GOOG ( ▼ 0.15% )  
And looking to get back into $AMZN ( ▼ 0.16% )  $META ( ▲ 0.96% ) ( which I did trade today and did well with ) $JPM ( ▲ 0.61% ) and $WMT ( ▲ 0.9% ) . $MSFT ( ▲ 0.78% ) is of interest to us again

Be back in the morning with our new set ups
The Options Coach