As the bear market heads into the weakest 60 days of the year, let's not make this any more complicated than it needs to be. The "Wave 3 of 3 down" option portfolio below is a good place to start for anyone a little late to this trading service, and/or for anyone feeling a little to light on their positioning to the downside. The expectation is for a ferocious Wave 3 down stock market meltdown in the next few weeks and the potential is there for a massive pick-up in volatility that would carry through not only Sep 16th option expiration, but well into October. Depending on price action going into the upcoming three-day Labor Day weekend, I will want to be rolling Sep 16th profits into Oct 21st positions. Stay tuned for roll-over and/or new positions coming Thursday/Friday. IWM - Leading The Way Down Watch out for an air pocket once Wave (1) low (162.78) is taken out. QQQ QQQ Rollover idea to new strike: Oct 21st $280P (6.70-6.75) UVXY Target $15+ Premium Service - Wave 3 of 3 Down Option Picks
