UPB Ditto Account Update

I will try to update the account for followers on a daily basis, and/or as positions are opened/closed.

Since I posted earlier today when the account was up 20%+ let me continue the transparency when it is down from the open.  The $WFM calls I noted in privatetwitter, when they were up significantly, that I would be holding them for further gains.  In the follow account you are free to sell for profits at your own leisure.   I will send updates during the trading session via the private twitter account, which is why you need to be diamond access.

My plan remains the same.  I bought the $WFM calls for next week, and I am willing to risk a small pull back in exchange for the move I see coming for $40.

$DDD remains at long term support and the few times I've traded $DDD calls the stock has rallied over 10% in almost every instance.  I might not get the exact bottom on $DDD, but I feel we are right there.

With futures lower tonight, there is no telling what tomorrow will bring.  Trading options with a short life span opens the door for tremendous risk.  But we also get the opportunity for tremendous reward.  We saw it early today with $WFM.  I think its the start of the run back over $40, we shall soon find out.

Have a good night.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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