Let's start with the old: Bitcoin: Jun calls have now dropped perilously close to the 50% trailing stop from their best percentage gains which triggers an exit of some-to-all of the calls as per personal preference. With massive gains like this I like to hang on to at least a few options...just in case. Gold: Keeps on trucking higher - hold calls using a 50% trailing stop from best percentage gains to exit some to all of position. Stocks: Today's decline brought IWM May puts back to life - if not stopped out previously hold for now and look to add Jun SPY (or Jun IWM190) puts as described below. IWM IWM: Below 200 targets 180. Current Unexpired Option Positions (Premium Service) SPY SPY Jun 21 $490P A bet on further chaos in financial markets, geopolitical, inflationary and/or just a good old steep retracement long overdue since the Oct 2022 lows (around SPY 350). On a close below 515 add 1/2 position, followed by another 1/2 position on close or break below 510 - use 50% trailing stop to take gains and/or limit loss. SPY - Weekly (Summer 2024 Targets) Below SPY 500---> Target SPY 450-420.
