As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.
Trade Alert – (IWM)
Sell the Russell 2000 iShares (IWM) June, 2012 $83 puts at $4.15 or best
expiration date: 6-15-2012
Portfolio weighting: 5%
($5,000/100/$4.15) = 15 Contracts
Take the one day, 27% profit and run. This trade added 133 basis points to your annual performance. We may bounce at the first touch of the 50 day moving average for the (IWM). Give the permabulls one more chance to take the market to a new high in the next two weeks. This also gives me an opportunity to get out of the way of the Friday, nonfarm payroll, which is expected to be strong and equity positive.