Weekly Plan 7/8
Most important CPI of your lifetime(so far)
Hello traders,
Hope you had a great weekend.
Last week in review:
Take advantage of APEX’s 80% promo code and pass account in one day. Also $40 resets on your accounts. Use code MGUOHAIU or alternatively just click the button below
Paid subscribers are requested to join the telegram at their earliest convenience. Link is shared in your welcome email and at the bottom of this post.
Not all roses as I had red day Friday.
Moving on,
I did get a lot of questions regarding putting up hedges on long term portfolio by subscribers.
We are still in a low volatility, slow grind up regime, but recent increases in volatility alongside indices suggest a possible blowoff top move.
For those considering a hedge, the SPY 500/450 put debit spread for Dec 20th look a decent punt. These spreads, priced around 2.93, offer a max return of 47 per spread.
This cheap hedge can be deployed to mitigate a crash into the election season.
Levels for this week:
Subscribers are urged to use the tradingview indicator to plot the levels.