These free Sunday updates sometimes mirror advice given in my paid subscription service. This is one of those times. Today I'm publishing an excerpt from yesterday's "Opportunities Abound" Weekend Update. You need only look at the table of option trades to figure out why this is one of those better times. When we go on a roll, it usually lasts as we knock option trades out of the park repeatedly and in the immediate case, set-ups for Gold and Stocks, and to a lessor extent Bitcoin, strongly suggest that the next 1-2 months will generate some stellar option gains.
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Special Sunday Excerpt:
Weekend Update: Opportunities Abound
Trade Management
Going into the week ahead, let's start with the seven active positions currently held in the Premium Options Portfolio.
Note that there are eight options listed in the above performance table, but the bottom GLD call expired on Friday, replaced by the Apr 19th entry on the top of the list, the result of rolling over half the proceeds from the 762% gains from the expired option. In addition, there are two other GLD calls in the table from earlier entries, Mar 1st and Apr 3rd, resulting in almost half the positions being in GLD calls. Before spring turns into summer, I expect about the same allocation in stock index puts, but let not get too ahead of ourselves, for now a nice profitable mix across multiple positions with more to come in the days ahead.
Major Turn
The charts below reflect a recurrent theme of intermediate term trading signals to the downside and for the most part, in early stages of development. Ergo my preference to go out two months to June for all recent new option positions. Behind this strategy is the expectation for a market low of some significance sometime around the beginning of summer, circa mid-June. That implies a rough 6-8 weeks ahead, led by technology stocks in general and in particular, the AI darlings that led the market up over the past few months. Note the common pattern exhibited in the three first charts below:
NVDA
SMCI
AMD
Pattern: Exponential run-ups into recent tops, followed by reversals, i.e., breakdowns lower, highlighted by fresh intermediate term sell signals (down red arrows). Those are three AI mania individual stocks. Now let's review the patterns of the three major stock index ETF's on which we trade options:
End of Excerpt
New Content: Apr 21st AllAllan Sunday Update
The Weeks Ahead
DJI
IWM Hourly
GLD 240 Minute
Bitcoin Daily 
BITO Daily
BITO: New trade pending
PS: This was our initial BITO call held from Feb 12th to Mar 15th
