Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.
You were stopped out of your position in the Direxion Daily Small Cap Bull 3X Shares (TNA) during intraday trading yesterday. Remember that whenever we stop out of a stock, we sell any related options positions as soon as possible. This means that when TNA stopped out, yesterday’s recommendation of the IWM Jan. $111 calls should have been sold as well. However, subscribers still holding the IWM calls should remain in the position; see below.
If you hit your stop of $59.50 on TNA, I recommend that you re-enter this position and place your new stop at $49.50.
I am also recommending you re-enter yesterday’s recommendation, the iShares Russell 2000(IWM160115C00111000) January $111 calls.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: