Hello everyone, as you know I'll be out of town as I discussed in my newsletter, however I had my day mixed up, I'll be leaving on Aug 2nd, NOT Aug 3rd and I'll be gone until Aug 12th.
Regarding the SPY and ES systems: As you know we have 2 open long trades from the systems from the Bear Long and the 2 entries on the Breakout (which we already took partial profits on). In my absence James Roe will be communicating any new trade signals and changes to the the current open system trades. Realize that James does not know the systems as well as I do and thus he may not be able to provide the same level of communication that I do.
Also, regarding option trades - if any new systems decide to do a trade in my absence, James will not be sending suggested option trades, only ETF trades and MES trades. That said, if you wish to the SPY option trades on your own, what I typically target is an expiration roughly 2 months out, and I target a options with a delta of 0.65 for the 1st entry, 0.6 for the 2nd entry, and 0.5 for the 3rd entry.
Lastly: At this very moment we currently have nicely profitable trades open via the Bear Long and Long Breakout. If you are nervous that I'll be gone, you could always consider simply closing the trades out for nice gains etc. However for the website James will be closing the trades out when the systems do and he will send trade notifications to you when they officially close out.
good luck everyone!
Matt