Markets are firm this morning after a nice run-up into new highs last week!

Good Morning!

Markets are firm this morning after a nice run-up into new highs last week. With volatility moving slowly lower and markets moving slowly higher, it is very bullish. This is the time to look at your portfolio and do some trimming.

You always want to hold on to your winners and cut your losers unless you have a strong conviction for holding on to those losers. As volatility moves lower, you will want to stick to longer-term trades like Monthly expirations.

When buying options, use expirations at least three months out so that decay is less of a factor. Diagonals are great for taking advantage of shorting short-term premium while going long, long-term premium.

Don’t listen to the doom and gloom pundits out there who make a living on creating fear because markets continue to move higher. Always have a plan and stick to it.

Talk soon,

Al Losada

Founder |  SimpleOptionStrategies.com

P.S. For live trade alerts, please check out our SOS Trade Alerts. We will be opening to new subscribers on Aug 3rd, 2021.

You can also check out my YouTube Channel at SOS YouTube

None of the content published on SimpleOptionStrategies.com or within SimpleOptionStrategies.com’s Telegram Trade Channels constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. SimpleOptionStrategies.com is not responsible for any losses incurred as a result of using any of our trading strategies.

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