Optik Gains 17% on SPY
We issued an alert on the Spyder ETF (SPY) this past week where we entered a put position and had a return of 17%. However, we were down nearly 50% on this option but held fast for the turn and made a solid profit. We are working on new paradigms to develop better gains.
We are entering a volatile period with October being historically the most volatile. So we are anticipating a dip in the markets and the an end of year rally - aka the Santa Claus Rally.
Markets are at historic highs. September has been the worst month for the Dow Jones Industrial Average and the broader S&P 500 since 1950, according to data from "Stock Trader's Almanac."