Some prescient analysis that I posted on Twitter over the summer has generated numerous new subscriptions to this service, so to all, I say welcome, you could not have joined this service at a better time. The next few months should present multiple trades that have quadruple digit percentage gain potential, as measured from Entry to Best Return, in recommended options. As I have been emphasizing the past few weeks, the market has entered a calendar window that carries high crash potential. If it comes, expect it to begin overnight which means accessing online brokerages, especially early in the trading session, may be problematic. It is crucial to have at least one position on that will realize maximum gain from such an event. That means holding some longer term crash friendly options, ones that don't expire until the third weeks of November, or December, or January, 2025. It's also advisable, especially in this PRO Service, to always hold some shorter term options so as to maximize leverage. Review yesterday's special PRO update for my current thinking on specific options. Finally, a very recent quote from Robert Prechter that sums up the potential that the market is facing over the coming few months: "Two to four months of mayhem seems a reasonable expectation. Countless pundits are calling for the S&P to hit 6000 soon. We think the Dow will hit 6000." -Robert Prechter, The Elliott Wave Theorist (Sep 3, 2024) Stock Indices Trade Management* Short term: QQQ Sep 20th $450P and/or QQQ Oct 18th $440P Longer Term: SQQQ Dec 20th $10C *Trades recommended in the Blue Line Trading Premium Service can be added to or substituted for PRO Service Trades, the latter will be more frequent, and usually more aggressive. PRO Service: QQQ Option Positions All trades subject to 50% trailing stop from Best Percentage Gain, a guideline that is easier said than done: See - On Trading Options.
