Markets In Turmoil You Say?
Vol Spike & A Video.
There were two new AST Swing Alerts opened today.
We closed on on CVNA 0.00%↑ short for +120% making MTD wins 3/3 so far.
If you are not a subscriber, get the 21-day trail - really, stop trying to do this by yourself, I’ve been at these 15 years and it’s what I do.
No doom and gloom here and no I told you so’s - that doesn’t make anyone any money and if you’re trading or investing in markets that’s what your sole priority should be: making money.
There’s also no show-boating - act like you’ve been there before is the best path to staying level-headed.
I wrote this piece this morning called: Everyone Panic. Part 2. .
First - this won’t be the last time this happens - it’s just the way it works and instead of running from it you should consider embracing it.
So, that being said let’s focus on making some money.
The VXX 0.00%↑ or $VIX will come in off these highs soon as we get a volatility unwind but it’s never instant. It takes a little time but the asymmetric short on it is JUST AS GOOD as the asymmetric long that bulls got.
We probably see a volatility crush and have that vol expansion drop a bit (talked about in that video below).
That’s good short-term but we still likely head lower but short-term we should calm a bit on the wider trading ranges.
The Swing Portfolio -
2 new positions opened today, and 2 large wins closed today.
TSN 0.00%↑ was a stock in the report (Swing Monitor) I’ve been tracking - it just had great earnings beat and a new 52-week high today.
TM 0.00%↑ also was in the report it got to a place of interest for me as of today.
And finally trading The LongVol Momentum Monitor basket of stocks - I discussed a few of them in this week’s report. The issue right now is that implied vols are a bit high on the underlying options, so I’ve switched to running OTM calls instead on a few of those names in that basket. Because of the range expansion in indices and the correlated ETFs that hold many of these names the expected ranges of those stocks will be wider - therefore, allowing for use of OTM structure.
If you’re a reader of the report, I specifically talked about range expansion and how I wanted to trade it this week but here is a short 20-minute special video below (plus a rant about the Bitcoin bros).
P.S.
Don’t forget to read that article today - the rest of this shit out here is noise, if you’re here to make actually money it might be worth your time.
Dan
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