Now that the Fed has shown its hand its just a matter of getting back to the business of trading, without the overhang of the Fed to stop out otherwise sound trading positions. The past week or so I've highlighted Sep 20th expiration and in particular the GLD position we want to hold onto by rolling out to new months: GLD Stock Indices It was important to get pass the Fed event before addressing the elephant in the room, stock indices, which if true to 50% hard stops, we exited over the past few days. On a breakdown*, we want back in on the short side, starting here: SPY Nov 15th $500P or SPY Dec 20th $500P *next down day (even if that ends up being today, currently, 90 minutes before the close, SPY @ +2.50, but Powell has not yet started speaking). In addition, we will be looking at other indices, QQQ looks especailly vulnerable, but for initial "crash window" exposure, one of the two above SPY puts should be held going into October. Given the right look of market action, The QQQ Oct 18th $450P is a speculative alternative and good hedge if holding positions in TSLA and/or PLTR calls. Premium Service Long Positions in TSLA & PLTR PLTR has hit triple digit returns, triggering a 50% trailing stop to lock in profits (if call, currently @ 8.60, declines to below $6.00)
