The best that can be said about the next few weeks ahead is that they represent the termination of what has become traditional seasonal weakness. However, with three weeks still to go in October, that is far from an all clear. As I write this on Wednesday morning the stock indices are all down about 1%, not enough to get put-aggressive, yet. IWM Daily The Russell (IWM) has been leading the market lower since around mid-August. However it is approaching what should be a major support trend line up from the April, 2026 lows. If that breaks, we will want to be buying Nov IWM puts. That's a big if and being a day or two late getting short it won't matter much, basis this longer term IWM Weekly chart, showing quite a long drop to next support: IWM Weekly IWM Nov Puts If I were buying IWM puts today, the Nov $275 looks attractive, while the Nov $270 is more aggressive, but requires a larger drop to payoff. SPCX - Trailing Stop Hit Our 50% trailing profit stop has been hit on SPCX, garnering a 44% profit from our initial Buy trigger on Sep 11th. Note that I'm assuming a 20% "Just in Case," position still being held: Absent a decline into the mid $150's, horizontal support on the chart above, I will be looking for a high confidence re-entry long, buying more calls on SPCX and/or SPCH.
