Executive Summary The long expected breakdown has so far failed to materialize, so we will bide our time before venturing into Nov options in front of a still anticipated cycle low. Meanwhile a handful of stellar performers has boosted returns in both PRO and Premium option portfolios. Below are my "best bets" going forward, albeit a bit heavy in the precious metals which are begging for a retracement at any time. Keep trailing stops updated, preserve gains and be ready for a new dynamic leg, up or down. As traders, stay agnostic. SPX - One Chart, Half A Decade Long Caution Rules ---------- Best Bets: Leaderboards Into 4th Quarter Premium Service PRO Service Primary Consideration: Let winners run; these positions sport some of our best returns going into the 4th quarter. New Capital Ideas: October calls will expire in two weeks. If looking to rollover, or if in need of fresh exposure: AAPL Dec $275C Note trailing stop on AAPL Oct calls in the table above, +200%...that is a worst case exit. If hit, hold off rolling over until further notice. GLD Dec $375C SLV Dec $45C GLD & SLV subject to same advice on AAPL: If stops are hit hold off rolling over until further notice. Focus on TSLA This performance table (Premium Service) is all we need to know about TSLA: After making new highs across all the Dec calls we acquired in August, the 50% trailing stop kicked in on Friday. This snapshot is from about two hours before Friday's close. Accordingly, I exited half my calls for a decent triple digit gain and will hold the other half a bit longer, willing to give up 50% of the remaining profit, but not a penny more. No chart analysis needed, as now its pure money management running the show. When TSLA reverses back up (and it will), new charts will appear and new calls will be bought. Focus on RKLB RKLB has been a favorite all year, running up from $25 in January to $56 as of Friday's close. Any move above Friday's high print of $56.94 is a Buy Signal with a target in the triple digits. Why wait for the price to tag $57? It's October, the general market is overbought to an extreme (see EWI report at bottom of page) and RKLB's eventual target is > $100, so does it really matter if we buy at $55, $56 or $57? Caution rules when trying to dodge a market correction...or worse. RKLB is projected to double from current levels, either in spite of or after the elusive October-November market lows. For now, above $57 compels the purchase of at least a modest position in December calls. Active Trade Tables PRO Service Premium Service ---------- Free Report: The Most Dangerous Market In History? (from Elliott Wave International)
