Week of October 27

Buy the highs or wait for a dip.

Recap of last week

Killed it last week. For newer readers, highly recommend you read my last weeks substack, where I outlined why I thought an upside breakout was imminent. Before it happened.

We were well positioned and anticipated this breakout days before institutions and other major players bought in.

On Sunday, I sent out 5+ updates in the weekly chat, urging everyone to get long deltas immediately. ASAP. This alert was sent out within 10 pts of the weekly low, about 140 pts lower than where we closed the week. This is only a partial add, we were long from much lower.

We put on a huge risk reversal in September, shorting 650 puts to buy EOY 680/720 call spread. These were bought for -0.10 and were 6.00+ at Friday close and likely even higher on Monday.

Wait we’re not done. We added even more long exposure Friday close. Let’s see how that turns out Monday.

Next move for markets