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Prepared by and Scott
Writing under the nom de plume of J.L. LORD

Thursday | February 20, 2020

Hello Mayumi.



YESTERDAY: February 19

Great Morning!

The major indexes opened up $9 points higher and kept running. A recovery in AAPL after yesterday's lowered earnings expectations, no worse news on the coronavirus, and anticipation of the Fed's release of the minutes all helped run the SPX, AAPL, Dow and NASDAQ higher.


The big news of the day was the release of the Fed minutes which were exactly what everyone anticipated. There were no negative surprises, or positive ones. The Fed is going to stay the course. It is slightly concerned about asset prices (stock market is too high), and the Fed is watching the coronavirus impact on the economy (like it was watching the China trade war earlier). The Dow closed up 115 points, and the SPX closed up 15.86 points. All eyes were on the SPX as it got within 6.50 points of 3,400 before falling, but it was not to be today.


TODAY: February 20


After the Fed released its minutes, the market didn't flinch, but as the day got closer to the close traders started to sense that the 80% chance of a rate cut by September was quickly dropping.

In addition, we had the Democratic debates last night, and the media seems to think Bernie won. Bloomberg spent more money on his 3rd place trophy than China did being 3rd in the Space Race. Bernie is a mess for the markets being a certified socialist, and the closer it seems that he will be debating Trump the more nervous the markets will get.

Average year with lots of intermittent volatility
(+4.81% so far)

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Last night's class went into detail about complicated trades like example #33 A & B. We also discussed the reason and plan for increasing the size of trade examples quantities. We discussed why until last Friday, the deltas were usually under 100, and now 172. Lastly, we talked about the plan going forward.



Up and Running for POT students (so far).

Really quickly...

To help in your quest for the best possible options trading outcomes, we would like to know what level of options trading knowledge and skills you currently have. Please click the button below to indicate what level of trader you are? Please skip if you already responded. Thank you for participating.

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Trading is a tough job on a stomach void of coffee and humor.
You provide the coffee and we will take care of the rest.



For education purposes ONLY. Please read the disclaimer below. We do not care if you agree or disagree with it—that is the rule. ​​​Stratagem Trading (Stratagem: “,” “Stratagem”), and any of its possible affiliates, respective independent contractors, employees, officers, or agents are not acting as licensed financial advisers, registered broker-dealers,tax advisers, etc. (although some individuals may or may not hold a license). Furthermore, they do not provide financial advice, make recommendations, or conduct business by transacting trades. Stratagem Trading adamantly states that nothing in this communication constitutes a solicitation, promotion, endorsement, offer or recommendation to buy or sell any investment, mutual fund, debt instrument, commodity, derivative product or security as described herein.

Stratagem does NOT offer auto-trades. Case studies being provided are historical examples illustrating how a particular commodity, equity, index and/or option strategy could have been implemented. Stratagem Trading is not providing students with real time trading opportunities, nor giving advice. We strongly recommend that you consult with a licensed financial professional for all your financial matters.

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