So far 2024 has had two huge winners, BITO calls up 600% and GLD calls up 600%. Next, stock index puts up 600% and likely more. Underlying the bust will be a host of reasons from inflation to geopolitics (war) to recession...or worse. From a trading point of view, we want to use our tools and set-ups to jump on board as soon as the risk:reward favors it, and that time is soon approaching. Taking out key levels is our trigger, so I'll be relying heavily on charts to guide our trading going in to the spring and summer. DJI Hourly SPY Daily Keep it simple, add on a closing break below 510 as it would likely lead to a hard break of 500 and points south. We are buying the Jun 21st $490P on a daily close below 520 (already occurred) 515 (pending) and 510 (pending). One-third position on each break, all subject to 50% trailing stops. IWM IWM May $195P - A more aggressive option play
