After closing two IWM Oct 20th put positions, up 460% and 210% respectively, this is what the PRO options portfolio looks like going into trading on Wednesday: New Subscribers can pick up some or all of the above now, or, wait for the next Key Level triggers to put on new positions. Based on news events alone, with or without the pattern recognition warnings, having at least some short position (i.e., index puts) NOW is recommended, starting with IWM/QQQ. Key Level Breaks - For Adding SPY < 415 Add: Nov 17th $415P (5.35-5.37) or $410P (4.00-4.01) IWM < 162.50 Add: Nov 17th $165P (3.90-3.91) QQQ < 350 Add: Nov 17th (6.12-6.15) GLD Add > $185.00: Jan 19th $185C-$195C VIX Daily A close above $25 could send VIX into the mid-30's.
