c505218304b50c59c3659f6dda43bae7-links-0–> The pattern we’ve been predicting with daily updates over the past two weeks played out. It took a little bit longer than we expected, but it finally fell from the 2080s where it was hovering through Thanksgiving just a few weeks ago.
Many people were saying that we would break to all-time highs, but we saw the pattern playing out differently.
We’re not always right, but glad this worked out well for us.
But even if the markets didn’t fall as we had expected, we still would’ve been making money — just not as much.
Now, please keep in mind – the recommendations on this blog generally stick to the conservative portion of our larger account. That’s the portion that is easily replicable and that everyday people reading this blog can actually do.
As you can see, we recommended to our members to short the Dec11 210 call and buy the Dec11 213 call — a call spread of 210/213 — expiring at the same time. We did 35 contracts – and from that trade we realized $3.04K – 455 = ~$2500 ish. You can listen in more on this $2500 in profit — essentially turning $7,500 to $10,000 – in our podcast episode 1.
We also recommended to our readers to buy puts yesterday — which are generally low-probability trades. So we use those sparingly, because each day that the market does not fall, those puts lose value. Thankfully, we timed these puts correctly and helped our members do well on this trade.
We also had several other positions including futures in ES (S&P) as well as TF (Russell) that were short positions. These are highly leveraged positions that we would not recommend to beginners. But that’s also what helped us grow our account.
In terms of the breakdown, roughly 60% of the gains came from our futures positions and 40% came from our options positions (short calls and long puts).
