The futures are rallying again on Trump’s fictional deals and TACO postponements. The market participants are no longer paying attention to him. But that doesn’t mean we are safe, not at all, the markets are melting up and they are poised for some continuation. Unless something happens, we might be continuing up.
So, we are opening a new put spread with 4 days to expiration. And since I will be traveling tomorrow, I am placing the trade tonight, but if it doesn’t execute tomorrow morning, I may adjust the entry price to execute.
Order Summary
Sell to Open 1 SPX 08/01/2025 Put 6245 (delta -0.08)
Buy to Open 1 SPX 08/01/2025 Put 6220 (delta -0.06)
Limit GTC @ 1.45 Credit
Buying power -$2,398.56
The trade executed for 1.45 credit:
Moron Trump did it again – ruined the US economy and the market crashed. Job numbers terrible and as a true dictator, Hitler 2.0, the best approach is to fire people who collected the data and dared to tell the truth. Our Fuehrer solved the problem. Now we will get cooked numbers. That’s what happens when you elect an idiot who has no clue about economy 101. What would you expect from an idiot capable of bankrupting a casino!
So we had a kneejerk reaction to bad job numbers, and on top of it tariffs. The most beautiful word our economic ignorant moron loves. But hey, he just discovered the most beautiful word – groceries.
In order to salvage this trade, I rolled it a few times:
These rolls helped offsetting the carnage. Not much, but better than a full loss of $2,500. We ended up losing only about $460. Not bad.
TRADE STATUS – CLOSED LOSER
Challenge Account (2025)
Net-Liq: $4,592.93
P/L YTD: $1,728.58
Credit/Debit Total: $556.57
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