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Fasten Your Seat Belts - Learn to Trade Options | #1 Options Trading Education

Fasten Your Seat Belts

Published on March 30, 2009

Fasten Your Seat Belts

March 30, 2009

Though it is difficult to say anything like this these days, but still I am inclined to say this; Fasten your seat belts. I hope you had sufficient time to prepare for hedging as I shared my “heads-up” after Thursday close last week. As of this writing Dow futures are down almost 200 points, that’s little over 2%. The losses were widespread across Asia, (Japan Nikkei 4.5%, Hong Kong down 4.7%, India;s Sensex Down 4.5%, and Singapore’s straits times little over 4%).

For OPNewsletter, we are comfortably positioned for the sell-off. In fact for the April’09 portfolios we are up +6.8% (x-commissions) and we have invested nearly little over 34% of assumed 10K capital. Entering into the Friday, we were relatively short delta so this sell off might offer some nice opportunities (you may sign-up for the waitlist here)

As the week starts, there is lot going on. GM’s Rick Wagoner Forced Out After Failing Obama Scrutiny; Geithner Says Some Banks to Need `Large Amounts’ of Aid and Warns Against Tax. Financial sector seems to be opening on a weak note unless Mr Geithner changes his remark (remember the reserve currency remark). I think the stage is probably being set for the next round of funding request.

The “large amount of aid” news is probably shaking confidence world-wide and fear might be resurfacing. Soon we shall also start preparing for earning seasons. So friends, a lot more coming on way, fasten your seat belts and be prepared.

Trade carefully, Trade Profitably, OP

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