SPY Trade Of The Day!

Morning PennyPro,   Davis Martin here with your trade of the day and essential trade rules. For all new options traders, I highly recommend paper trading at first.   Yesterday, SPY had quite the wild ride and members reported profits on both calls and puts. Many made quite a bit of money, with one member having their best day ever! Elite membership paid for in one day, courtesy of SPY selling off early! I picked up +51% trading mostly 4/21 put options. As SPY went lower, so did my strike prices. A great day. Not all days will be like that, so, enjoy them when they come around!   Please never hesitate to contact me if you have a question. There are no bad questions!   We really have to keep an eye on SPY's 50 day moving average line, which is at 234.14 as I'm typing. Yesterday we broke it several times, then SPY closed well above it! This morning we have oil inventories at 10:30am, so there could be some movement in SPY around then. Keep an eye on your positions. Here is what I think happens today: I believe that SPY could pullback early, keeping in mind that there is strong support at 234.50 and 234.14. Geopolitical risk has markets nervous, reflected by the VIX, or the fear index, being at its highest level since November. Then, I think SPY could head back up toward 235 by the end of the session unless bad news hits the market. I will be looking to the downside early via put options.   Today's trade of the day is SPY 4/21 234.50 Puts, especially on a potential break of 234.50. If SPY pops up at the open, be patient. No need to force a trade!     Trade Green! Davis           Jeff Williams PennyPro.com         Please note that all membership charges will appear as "RagingBull.com" on your billing statement.       Helpful Links:   Video Lessons: Learn the PennyPRO Strategy through this ever-evolving series of lessons.   Email Jeff: Get the help you need.  Member questions are never a bother.     Chat Room: Join the Chat Room.   Chat Room Rules and Guidelines: Make sure you know how to use Chat properly.                 Neither Penny Pro nor RagingBull.com, LLC (publisher of Penny Stock Pro) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for RagingBull.com, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are actual figures from the portfolios Penny Pro manages on behalf of RagingBull.com, LLC.