32 Comments

The S&P is within a whisper of breaching bear market trading via intraday trading. As of 12:20 pm EST, 3845.91. It will be interesting if it closes at 3837 by the close. How exciting. This is more fun than wrestling with pigs in the pigpen.

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imo it's not the time anxmore to think about protectice put strategies, think it's time to look for buying opportunities. Novenber 2021 or January 2022 would have been the time for these protectice puts.

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Profits from puts can fund future buys.

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Might be a good time to trade BOTH sides - with "protection" on your "buys."

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for me there is a) investing

am i invested in a stock i hold it or i sell it. dont have to pay for a "insurance" Do I think stock will fall, I sell the stock. Can buy it later again if I want to. Or I'm holding the stock because I dont care for a correction.

Then there is b) trading

For me it has nothing to do with my invest. Im looking for good opportunities in any assets than I buy or sell, not matters.

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Example: Am I invested in Honeywell there is no need to protect the stock. it is an opportunity to short. but not honeywell. why not shorting boeing instead?

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May 20, 2022·edited May 20, 2022

If you think you need to protect your buy, then don't buy. Stop buying into weakness. Buying into weakness is the same as picking bottoms. Buy when the bottom is in the rear view mirror.

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Get out your spring fever hedge clippers! Hedging is all about minimizing one's risk!

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We broke support

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LIONS, S&P500 just hit BEAR MARKET TERRITORY!!! BEAR PUT STRATEGY working like a charm this morning as nothing can hold on to their gains. Better buckle up!!! RIPPING & SHREDDING!!!

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Greg you lead us to the slaughter. Thanks man. I trusted you. This is worse then Obama, Trump, and Biden. Did you take a kick back? Now i need to find a good bridge to jump off. Good luck to you all out there.

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I take it you're not doing too well trading in a falling market?

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Yep is been falling since November last year and Greg has been telling us, buy, buy, buy. Now i’m like why, why, why...

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Thank you Greg. Been studying up on options, your help is greatly appreciated.

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Check out the site he recommended: Options Alpha. Great FREE educational info there.

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Thanks Greg!

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How about sell the damn stock?

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John Deere collapsing 15 %............................Finding these steals and deals is better than sex! :O Options in CBO open Monday................What great covered puts to find these days! Many Industrials are looking like steals today!

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The SECRET of Options Market and CBO: Investing is not about maximizing profits; it is about minimizing risk!!!!! When one understands this concept, then they do not have to worry about SELL IN MAY AND GO AWAY!

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May 20, 2022·edited May 20, 2022

Damn, Robert Kiyosaki was right. Greg you should apologize to him. Crypto is getting recked. He was talking about it in November and you made fun of him. Where are these guys getting their insider information from? He’s more rich then ever. 😔

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Buy protection when it is cheap, not when you need it.

When the Fed says they are ending QE, not 6 months later.

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Options Alpha is an excellent site for educational option strategies. Great pick Greg! I'm a founding member there building algorithmic automations for my trading account. Doesn't hurt to be making money "automatically!"

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THANK YOU GREG

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