The major indices and currencies went on a wild ride last week with the renewed U.S. and China ramp up the trade war.
The Dow dropped 623 points, or 2.4%, S&P fell 2.6%, and the Nasdaq fell 3%.
In our Weekly Options Trader, we focus on selling options and spreads around compelling patterns to “get paid” for calling a short-term top or bottom.
Last week, we had consistent profits on both bullish and bearish positions.
In addition to providing new trade recommendations, each weekend Weekly Options Trader has a detailed video trade review of Open Positions and Closed Trades for the prior week.
In the letter, we discuss the technical pattern for the trade setup, any necessary adjustments to the positions, objective trade review of closed trades, in addition to our current market bias for the coming days.
Below is the actual video sent to our subscribers.
We have two open profitable bear call credit spread positions in FB and TSLA, and closed 5 of 6 credit spreads for profit using Master Trader Strategies – despite the severe market volatility and selloff.
[s3mm type=”video” source=”cloudfront” cfurl=”dar5o8cgblg7k.cloudfront.net” files=”dans-video/weekly options update video 190825.mp4″ titles=”weekly 190825″ /]
Love and Accolades From Our Subscribers!
Check out these e-mails we received from subscribers all the time. These were last week regarding their experience with the Weekly Options Trader:
I really love learning every aspect of options trading! You guys are GREAT ! The real deal !
Carl E.
Screw T3, I canceled all my services with them and will stay with you guys — The source! Glad I finally found you guys and not the hacks I’ve been paying to regurgitate your material! Thanks, Tim D.
All thanks to YOU! 10K used to be a good month for me (credit spreads) – but I could easily lose 4x-5x as well. Dan really cleaned me up fast – got me out of some bad gap risk earrings play habits. +30K in June and so far +20K in August. You are now an invaluable research team that I normally couldn’t afford! Just amazing! “No more rocks in my head” (again Dan cleaned me up in a big way – I sure had some bad habits that would have ran me out of capital). I’ve never seen anyone with this kind of knowledge share it like you do ….and you guys pump out the trades….alerts…content… – need to send you hard-hats for all that factory work! Thanks again – from a lifetime fan! JWS
greetings from hamburg, germany! i’m one of your most devoted viewers out there.:-) Please never stop cranking those daily videos out. it’s pure gold! you guys are truly truly generous. thank you so much for all of your precious TIME! i must admid, i just felt totally in love with your TRADING APPROACH! German E.
Dan, As a novice trader (I started learning about options in March and never followed the markets) who kicked around with different services and videos (I started learning with tastytrade, then this guy name peter Schultz-both disasters), I just can’t express enough how much I enjoy your educational material, ongoing commentaries during the week, and trade recommendations. So far using your approach to the charts, trading plan, and discipline, my last 7 trades have been winners… I take the pic of the chart, writer down the pattern, and stick to the plan. So far so good! Loren M.
I like your very simple approach. Unlike other trading gurus out there, they’re all over the place. Their information is so overwhelming especially those who are using 4 or more indicators … my head was just pounding. Gemma T.
To learn how to find, trade and manage these short-term option Income Trades on your own, you owe it to yourself to take our Mastering Advanced Credit Spreads course, click HERE
Successful trading is all about finding high-probability setups, properly entering and managing them, and then having the discipline and patience to follow your trading plan.
We have been doing that for decades in trading our own accounts and in educating thousands of investors and traders.
The Weekly Options Trader focuses solely on selling options and credit spreads expiring in 10 days or less around compelling patterns to generate weekly income.
These trades are easy to find, enter and manage for any type of trader or investor.
Although we timely advise and document all trade management adjustments in our Letter, we had many subscribers email us in amazement on our ability to find quality trades and manage them for incredible short-term profits.
This should be a real “wake up” call to those option traders who naively believe that chart reading produces “no edge.”
Learn how Master Trader Technical Strategies – MTS and MTS with Options Strategies can make consistent money.
Click Here – to Access the Options Credit Spread Program that puts you on the Master Trader Income Path.
Click Here to Learn The Master Trader Swing Trading Strategies to profits over a few days to weeks.
Master Trader and You Building Your Financial Future Together!
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com