Wizard of Ops
  • Home
  • About
    • Newsletters
    • Volland
    • Private Volland Education
  • Resources
    • White Paper
    • FAQs
    • Articles
    • Webinars
  • Contact

Wizard of Ops Articles

Taking Profits on $SPX

9/10/2018

0 Comments

 
We have held this $SPX trade since March, and it is the most successful trade in this newsletter's short history. In fact, it has wielded not only a considerable percentage from the trade itself, but there have been tranches that have added to the equity return.  

Today, I am closing it out. I sold the SPX vertical at $10.45, a 221.5% return on this original trade not including the tranches and hedges that were done along the way. 

Here's why:

Avi is talking about a drop to 2830 being a pivotal moment. DaybyDay has a drop to 2790 in the near future. Hadik has a drop to 2800. Further, there are questions among the trusted analysts about this bull market being over, with a multi-month top being put in place. There may be a chance we will see a leg higher, but the long term portion of the equities trade is over. I may play some shorter term equities trades in the future, while I wait for confirmation that the long term bear market trade has begun.  
0 Comments



Leave a Reply.

    The Wizard

    Jason DeLorenzo

    Archives

    November 2024
    September 2023
    May 2023
    April 2023
    January 2022
    October 2021
    March 2021
    January 2021
    October 2019
    August 2019
    January 2019
    December 2018
    November 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    March 2018
    February 2018
    January 2018

    Categories

    All

    RSS Feed

About
Form ADV
​
Business Continuity

FAQ
Terms of Use
Privacy Policy
© Copyright 2025.
All Rights Reserved.
  • Home
  • About
    • Newsletters
    • Volland
    • Private Volland Education
  • Resources
    • White Paper
    • FAQs
    • Articles
    • Webinars
  • Contact