Here is an updated performance table for the Premium Service Options as of mid-session, Monday. Of special interest is new Best Return numbers and accordingly, new Trailing 50% Stop levels for all active positions. Also included are relevant charts with my EW labels, suggesting more downside to come, if not by next week, certainly by May and Jun monthly options expiration. Premium Service Stock Index Options Trade Management Exit if Trailing 50% stop levels are hit, rolling over the proceeds into May and/or Jun IWM out-of-the money strikes. Alternatively, start taking partial profits in SQQQ calls at any time, again, rolling over at least some of the proceeds into IWM May or Jun out-of-the-money puts. Gains are large enough to bank some of those profits building up cash for when we go back Long some of our favorite names, TSLA, PLTR and more to come....just not yet. QQQ Hourly We caught third waves at multiple degrees of trend in both of these, but nailing waves iv and v may not be so easy. Ergo, money management, "just in case." SQQQ Hourly IWM 3 Hr Expectations are for IWM to decline below $150 in the months ahead, making May and/or Jun out-of-the-money Puts a reasonable speculation, regardless of what happens between now and April 17th. A sharp enough rally, counter-trend as it may be, and we can start to think about SQQQ calls for May 16th. GLD - Sell Pending The GLD Sell Pending trade discussed in the Weekend Update is all but confirmed, with GLD trading mid-session well below the trigger of $278.00: GLD 180 Minute GLD $270P The recommended Jun $270P closed Friday @ 3.97, opened today @ 4.47 and is currently trading @ 5.60-5.75. Initial GLD target is below $250.
