Sunday, September 13, 2020

+50% in a day during wild week

Hi  

 

This week was very volatile. 

 

Last Sunday, Macro Sentiment indicators were down, suggesting that this week SPY would close lower than Friday’s close. 

 

👀 While the change in the sentiment was less than 30% (a threshold used previously), the setup looked promising for Put options. 

 

But entry wasn’t easy… on Tuesday morning SPY opened -1.7% down and swiftly moved up. Those who managed to get Put options, were rewarded.

 

💰 By Tuesday, SPY dropped to 332, making +50% gains for Put options in one day.

 

That was the time to sell…

 

😱 The rest of the week the market moved in wild swings with a focus on tech stocks.

The week closed -2.48% from the previous week’s close as Sentiments suggested.  

 

Hardly anybody knows where the market will go from here. 

 

📉 Will there be a new crash? 

 

📈 Will the market cap climb as more money is printed? 

 

🗓 The next set of Macro Sentiment indicators is coming today — it will offer a glimpse into the market direction for next week. 

 

The subscribers take a short-term approach: buy options on Monday, sell by Wednesday or Thursday.

 

Join now to trade tomorrow

Cindicator

Suite 23, Portland House, Gibraltar,

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