Stock, Option and Futures Trading
FAZ 250% and IWM 77%
—Blue bars caught the high again–
The time/price square we had on IWM was the top of that wave and IWM made a move down from $69.40 to $65.10 in 1.5 days. The OCT 67 puts were $2.25 at the top and closed at $4.00 today good for a 77% gain. Our bigger target on IWM is $58 from prior posts.
If you covered the FAZ calls today at the $65 target it was good for 250%. There is a higher target at $68 but these are weekly options so play close attention tomorrow to exit if FAZ shows any signs of weakness.
Members are saying:
“You have caught every wave over the last month. Great work”
” Cleared 230% on FAZ in a few days. Again!”
“The NQ 2264 level held as resistance from the room and i caught it short for 32 points”