Take a free ride

We're creating our own luck in a down market.

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Monday, August 5, 2024 Sean and Strazza joined me live after today's closing bell for part two of our options education series for Breakout Multiplier Members.   But we covered a lot of other ground, and I want to make sure that you're part of this important conversation.   Click here to join Breakout Multiplier and get access to today's session.   As planned, we explained "the Greeks" – delta, gamma, theta, and vega – and what they mean when it comes to our breakout options strategy.   And, given what's happened the last few days, we definitely wanted to talk about recent price action.   What we're doing right now is using the Volatility Compression Indicator to identify opportunities to trade relative strength.   We've already sold half of our open Breakout Multiplier positions in $CNK and $RKT for doubles. Now we're enjoying free rides to outsized returns.    And here's $RKT...     In fact we've "sold the double" on four out of five trades so far, with one of our winners going out at all-time highs today. We're up 250% on a day when the Dow was down 1,000 points.   How many traders are this hot right now?   When we sell the double, we put ourselves in position for outsized returns. And we're paying for them with house money.   Basically, as Sean said at the end of today's session, "We're creating our own luck."   Click here to learn more about how we're doing it.   Cheers,   JC   JC Parets, CMT | Founder, All Star Charts All Star Charts emails are a financial publication of general circulation and only offers impersonal advice, not tailored to individual needs of a specific client or group. Any comments or statements made herein do not necessarily reflect those of All Star Charts or its affiliates (collectively, "All Star Charts") and do not constitute buy or sell recommendations. Unless specifically indicated, this message is not an official confirmation of any transaction. The contents of any email communications to or from All Star Charts may be monitored or reviewed at All Star Charts's discretion. All Star Charts accepts no responsibility for any loss or damage arising in any way from the use of this transmission and any attachments; it is the responsibility of the recipient to ensure that they are virus free. If you reply to this email, please note that we are a public investor and do not want any material non-public information. We do not agree to keep confidential any information you provide and do not agree to any restrictions on our trading activity, except pursuant to a written confidentiality agreement executed by All Star Charts. Want to change how you receive these emails? You can manage your preferences here unsubscribe . © 2024 All Star Charts