Following up on yesterday's TLT put stop adjustments, our Mar $92P is now up well over 100%, triggering the implementation of a 50% trailing stop (from Best Returns). TLT March Put TLT The Big Picture - Changed? The question now in everyone's mind is whether yesterday's mini-crash was an anomaly, or, the beginning of something more ominous for the markets, including Bitcoin. Despite what you may be reading online or hearing from the financial media, no one knows that answer. The best we can do is be prepared to act if the market itself sends out its intentions by action. Hard drop, expect more, a robust recovery, expect more. If the latter, there is no better place to be than our calls in TSLA and PLTR. If the former, we need a quick and effective hedge beyond simply taking profits. Enter, SQQQ, the triple leveraged Short QQQ ETF: SQQQ At he height of Wednesday's crash reaction to the Fed-talk, SQQQ was up over 11% and reached a high tick of $31.36. It's "next month" near the money calls were all up triple digits going into yesterday's close. That is what I call a quick and dirty hedge, when time is of the essence and we need a fall back position that doesn't require a whole lot of on-the-spot analysis: Any SQQQ close above $31,36 is our signal to buy SQQQ calls. Jan SQQQ Calls
