The week ended with a big thud as stocks closed the day right near the lows. The dip buyers did surface about 2 hours into the trading day, and stocks looked like they would manage to trim their losses, but as the close neared stocks got clubbed. One thing is for certain, the market is trading in a much larger range. Down 2% Up 1% Up 2% Down 1.5%, which opens the door for some very nice gains if you are on the right side of the move.
We had some amazing calls (and puts) in the chat room this week. Even our text message alert ended up over 100% by Thursday after starting off on the wrong foot. Next week should be even better, and a lot of fun….
What are the big option trades for next week?