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225% on Puts and Counting. Only the Beginning

I made a put recommendation in our Weekly Bear letter on September 25, which suggested that you buy puts on the SPY, expiring in about a month to take advantage of the downside that’s likely to follow.

So far, that has worked nicely.  

If you had bought the SPY 290 puts, expiring on November 2, at the close on Friday October 5, you would have paid $4.15. This morning they were trading at 13.49 with 3 weeks to go to expiration.

Yesterday, the market broke below key technical levels.

It’s bad news for bulls, but good news for bears.

Now it’s time for me to give you a deeper look at the recommendation I made at the end of September and reveal what we can expect to see from here.

Click here to see

The post 225% on Puts and Counting. This Is Only the Beginning appeared first on Lee Adler’s Sure Money.

The Populist Pathology

The populist pathology is incredibly simple; no one ever takes the blame. Things continually go off-track and officials merely shrug their shoulders and point their fingers. The very idea of accountability is anachronistic. Now that dark clouds are gathering, in the IMF’s words, the fingers are out again. President Donald Trump said Tuesday that he […]