| Editor's Note: Did you claim your free benefit? Earlier this week we launched our brand-new streaming platform, Monument Traders Live. This FREE benefit for all Trade of the Day readers is going to have its first session, tomorrow, May 9 at 2 p.m. Eastern. In this session, our Head Trading Tactician, Bryan Bottarelli, and our Head Fundamental Tactician, Karim Rahemtulla, will join me to discuss our election year trading game plan. As we head into the back nine of 2024 and approach the elections, Bryan and Karim are going to outline specific strategies and plays they are eyeing. You won't want to miss this. Join us live for FREE right here: mta-live.com - Ryan Fitzwater, Publisher Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance Last week I closed a winning trade ahead of the JOLTS report in Catalyst Cash-Outs live. I had some key takeaways I wanted to share with you. First, let me set the table… Last Tuesday, I issued an S&P strangle trade ahead of the JOLTs report. I issued the trade about an hour before the end of the trading session. I bought the SPY calls and the SPY puts, as you'll see below. No sooner than 30 minutes after I got positioned on this trade, the markets had a big selloff. Now, I was in a situation that I don't particularly love - I had negative bias heading into the next day. But despite my negative bias, I still had a plan. You see… the great thing about these Catalyst Cash-Outs trades is I can maneuver them in my favor. For example, when I own a call and a put, I can exit one part of the trade and let the other part ride. And that's exactly what I did. |
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