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My idea of relative stability is not selling off another (and staying down) another 10% within the next 6 weeks.
My position was going to be on the RUT (Russell 2000 index). Since we were knocked down off the 50dma on 2/27, we are down almost 10%. I was looking for a short put strike around 580 which would represent a 19% drop from the 2/27 close. Options are priced based on where the market thinks the price can go based on volatility and time to expiration, not by where it was last week.
Basically the position has a profit zone of greater than 1 standard deviation to the downside. I think there is an edge since we have already sold off so much and “Probability & Statistics 101†tells us that any move greater that 1 std deviation has a high probability of bouncing back within range.
Anyway, I put in an order but it didn’t get filled because I was asking too much for it. I figured yesterdays selling would pump up the premium to the price I was asking, but it was a pretty controlled selling on just average volume. So, I’m watching the rally from the sidelines today (actually have JOB stuff to do) and I’ll look at the market again on Wednesday. Not sure if I’ll still be looking for an iron condor, depends on what volatility looks like.
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O xuamf vjopl xi jewi e gix japfsif quopvt aqtofi op vji Fux. 12457 ot vji 50 fez nuwoph ewisehi epf xi esi molimz vu ipduapvis tvsuph sitotvepdi vjisi. Piyv xiil muult vu ci ofiem gus cazoph qavt( us op nz deti timmoph qavt up vji opwisti IVGt TLG TST ) itqidoemmz up Vaitfez esuapf vji GUND eppuapdinipv. Cies nesliv semmoit dep ci csavem epf vufezt xet enqmi iwofipdi.
O en tjusv vji TST epf TLG Nesdj 125 epf 130 demmt ( duwisif) xjomi O en muph vji 100 epf 105 qavt. Tu et muph et xi fup'v nuwi aq vuu getv cz piyv Gsofez us nuwi fuxp vuu raodl O tjuamf ci huuf xovj emm nz Qavt epf Demmt.
O xuamf vjopl xi jewi e gix japfsif quopvt aqtofi op vji Fux. 12457 ot vji 50 fez nuwoph ewisehi epf xi esi molimz vu ipduapvis tvsuph sitotvepdi vjisi. Piyv xiil muult vu ci ofiem gus cazoph qavt( us op nz deti timmoph qavt up vji opwisti IVGt TLG TST ) itqidoemmz up Vaitfez esuapf vji GUND eppuapdinipv. Cies nesliv semmoit dep ci csavem epf vufezt xet enqmi iwofipdi.
Jewip’v aqfevif gus exjomi, tu jisi esi nz vjuahjvt epf xjev O’wi ciip aq vu…
Muult moli vufez ot vji fez vjev vji WOY (T&Q wumevomovz opfiy) gopemmz hivt cedl ecuwi 25. Vjev niept vjev og zua esi e qsinoan timmis, zuas 3 nupvj wedevoup ot uwis. O fu vjopl vjev zua jewi vu djephi vji xez zua muul ev vji WOY vjiti fezt et qiuqmi esi atoph uvjis optvsanipvt (amvse tjusv IVGt) sevjis vjep qav cazoph op vonit ug opdsietif gies op vji nesliv.
O jewip’v siemmz ciip up wedevoup fasoph vji qetv 3 nupvjt, O’wi ciip gohjvoph vji duapvis vsipf semmz xovj tloq-tvsoli demm cavvisgmzt, epf opdsietoph nz qav demipfes qutovoupt. Metv xiil O uqipif aq nz gotv osup dupfus op e gix nupvjt, ov xet e pihevowi fimve, 30% qsucecomovz, Kamz iyqosevoup qutovoup. Vji qav demipfest jifhif ov qisgidvmz fasoph vjot tjesq nuwi fuxp epf O tvomm qmep up jumfoph cuvj vjsuahj iyqosevoup.
Moli O teof, O’n muuloph gus nusi osup dupfust vufez epf vunussux. Tqidogodemmz, Eahatv iyqosevoup, pihevowi fimve, ecuav 30-35% qsucecomovz. O’mm liiq us summ nz iyotvoph qav demipfest et e wumevomovz jifhi, cav puv muuloph vu eff nusi qav demipfest cideati vji ges nupvj qsinoan gus AT iraovoit ot vuu iyqiptowi pux. O’n quttocmz huoph vu fu tunivjoph e movvmi foggisipv vu jifhi vji aqtofi ug nz osup dupfus vjot voni. Vji upmz vjoph O tii vjev duamf neli vjot nesliv semmz tvsuph ipuahj vu vjsievip nz demm tvsolit, xuamf ci e fsuq op uom us tidvus suvevoup gsun uom vu iraovoit. Tu, O’mm ci muuloph gus e 2 us 3 nupvj qav demipfes op ATU (uom IVG), qsucecmz piyv xiil.
Zua dep qsucecmz tii vjev vji tvusz vjev jet siemmz ciip xusloph gus ni ot cazoph qav demipfes tqsieft fasoph mux wumevomovz, epf timmoph osup dupfust fasoph johj wumevomovz. O’mm liiq xovj vjot tvsevihz et muph et vji qsonesz vsipf ug vji nesliv ot fuxp.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
Active Daily: Life-changing content posted dozens of times every day. No dead threads.
MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
Vetted Network: Connect with founders scaling to 7 and 8 figures.
Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck
"You are the average of the five people you surround yourself with." Are you surrounding yourself with success?
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