Here is your freebie for the month..SHORT ALL RIPS TODAY!! Focus on the Russell 2000. IWM September69 puts or TZA. Look to cover or sell tza 1/2 the position when TF gets to 675 (20 points lower) and and cover 2nd 1/2 when TF gets to the 665 level (30 points lower)
The next trade is for our members..as there is a very wide spread for the next move-either up or down. There is a chance we could see 1 more push higher. I am NOT sure about that, but have some powder dry in case they do try and go all in ahead of the weekend-because nothing can go wrong during that time period..right :)
I will call their bluff and if they do try and cause a squeeze at the end of the day, I will be there waiting to add to the short side. We took another block of IWM puts at 70.20 per this ALERT you can see here.
