"Markets can get volatile around this time of year. The Russell 2000 index peaked on November 8, 2021 and declined 14% to December 20, 2021. Next Tuesday, November 22, is the one-year anniversary of the top in the NASDAQ indexes and the start of the bear market. As recently as 2018, the DJIA rallied strongly from November 23 to December 3 and then plunged more than 16% to December 26, 2018. In 2015, the DJIA made a November high and declined 14% into mid-January. And in 2002, the DJIA made a countertrend rally high on December 2, 2002 and declined 18% to March 2003. There is a positive seasonal bias into the first few days of December but that dissipates thereafter." -Courtesy Elliott Wave International Too many patterns are coming together over the next 4-8 weeks that are warning of a market collapse for us to (1) ignore them and (2) let "leverage greed" - valuing price over time, to put all of our eggs into a near term expiration basket when for just a little bit less leverage we can more than double the number of days to expiration. Once the initial breakdowns occur, and we have been providing those levels all along, we can become more aggressive with timing, but for now and until those breakdowns make a loud and unambiguous statement, err on the side spreading expirations between Dec 16th (29 days) and Jan 20th (64 days) for all new additions. Trade Management - PRO Options QQQ closed below 285 on Thursday triggering the following additions: QQQ Dec 16th $275P (5.10-5.15) QQQ Jan 20th $260P (4.85-4.90) As for IWM, a close below 175 triggers the following additions: IWM Dec 16 $180P (4.00-4.05) IWM Jan 20 $175P (4.50-4.60)
