A crash window that is open through November does no favors for option time premium, as the longer the event horizon, the more expensive the coverage. The advantage of such a strategy outweighs any drawbacks, as it reduces the importance of "timing" in the equation. So long as there is downside volatility, positions will prosper. Here are the longer term options most suitable for this strategy. They represent a sort of goldilocks compromise, i.e., not too far out in time to be cost prohibitive which has the effect of drastically reducing leverage, while at the same time not being so far out of the money to be out of the reach of any reasonable price targets. I've recommended some of these already, but note two new ideas and I suggest they be acted upon in a staggered strategy, that is to say some immediate positioning, some added to periodically in the weeks ahead, including anytime the charts demand it, which I will make clear via special trade alerts. Inverse ETF's: SQQQ Dec 20th $10C: Currently "Pending" on an SQQQ close above $10 (All In On Leverage). Be ready to buy earlier as per future Alerts. SH Jan 17th 2025 $12C: Currently Long in the Premium Service (Mid-Week Update: Short & Sweet). New Positions QQQ Dec 20th $400P (3.89-3.94) - Replacement for QQQ Sep 20th $450P when its time to rollover, - date to be determined. IWM Dec 20th $200P (3.78-3.75) - Alternative replacement for QQQ Sep 20th $450P. NVDA NVDA reports earnings on Wednesday. Thursday and Friday be ready to act on any to all of the above options. Alerts to follow. From an astute observer posting on X: "This week Nvidia earnings are Wednesday, PCE inflation is Friday, Labor Day is Monday. Total Meltdown Tuesday. Let's get this party started."
