11:45am (EST)

While we have been well prepared for today’s market drop, there are more profits we want to take in case there is a snap-back rally on Monday. 

We said a couple of weeks ago we were entering a “choppy” market so let’s ring the register on one trade that seems to keep on giving.  We have been to the well 3 times trading put options on this stock and each time it has been good to us.

We will leave some of our other trades wide open and we will update them in a couple of hours in our midday wrap-up.

For now, let’s not look a gift horse in the mouth on a 53% gain in less than 48 hours.  Subscribers, check the MA for the details.