Thursday, November 7, 2013

SPY weekly options

SPY weekly options.  Anyone know why the big S&P market dried up?  SPY weekly options are the answer. This market offers all the action and more that the big S&P ever did and with limited risk.  These options are ideal for the short term Wolfe Wave Practitioner.


Investors need not apply. When one has the ability, which the Wolfe Wave offers, to nail precise turning points in a short period of time, one can forget about “investing.”  One-hundred percent moves are common on a volatile day. 

This 15-minute chart was part of my teaching period (lines not drawn).  A bullish wave formed indicating a move to the target line.  If a SPY weekly call were entered and exited at or around these prices, depending on the option, a 100% gain was possible.  (Note to SEC: My students do not need to cheat.)