He said black monday like dozen times in different videos/tweets, so this rally was coming,
My friend’s uber driver mentioned about black monday incoming…I took heavy longs overnight based on these 2 things alone and it paid… Fear was at its peak last night

If you havent traded options, I would say dont touch it in this volatility…
If you have experience, IV is super high, premiums will get sucked out even if trend goes in your direction…
Best to sell put spreads against calls if you are bullish, sell call spreads against puts if you are bearish , and you are entering now…
If you have a better entry like shorted via puts before the crazy down move, with still time on your expirations, then all good, you dont have to worry about IV etc coz now its in your favor…
On top of this if the targets are not hit and you think it would, you have to keep rolling over expirations, thats a different ball game which needs quite significant active trade management…
Deep in the money strikes have lower IV theta impact that OTM…so choose wisely… ATB…:)

Are you taking any QQQ long or shorts overnight in your swing account?

UNG broke below that uptrend line today so not looking good anymore IMO.

Did he really call for a Black Monday crash? lol. That guy is the biggest tool on CNBS. With that being said, can’t rule out a crash just yet as the lower AND faster the market drops from here, the greater the chance of something “breaking” that causes a domino effect in the financial system and/or stock market.

My guess is Powell is too proud to step in with an emergency (inter-meeting) rate cut at the risk of looking like one of Trump’s minions & caving to his will. Without the Trump or Powell put, the risk of a crash, should the market keep falling, remains real although as of now, I still favor a bounce this week but staying very nimble & open to all possibilities & decent probabilities.

The tariffs will get resolved in some form or another, probably sooner than later but hard to say exactly when. Long-term charts of the grains still appear constructive IMO although (as I commented on in at least one video in the past couple of weeks), the grains have been dead-ish money trades recently, just grinding around so better fish to fry elsewhere lately.

I continue to monitor them actively & will update them in a video asap. Just been focusing mostly on the markets due to the extreme price movements & profit potential lately.

Gold, silver & crude all at support & quite oversold. The R/R appears skewed to the upside on just about everything right now IMO. Here’s the updated on USO I posted earlier in this comment thread: https://rightsideofthechart.com/stock-market-vix-analysis-4-7-25/#comment-35169

Hi-Randy updated USO for me- just scroll up

I trade options all the time. Make more money selling calls than anything. I have tried to go long with futures with Randy’s levels but losing my shirt on those. I have a lot of tech stocks so I sell QQQ calls, MSFT, Apple, etc weekly and usually collect good premiums. With vix so high, the premium is way up. Can sell way out of the money calls. If you want to be more aggressive, sell call spreads to hedge the risk and sell them closer in.

It’s kind of a mixed bag. I use Randy as a mentor/second opinion but I trade on my own charts. Randy helps me with the big picture ideas. I would say yes I use his targets for my longer term contracts but I trade my own analysis for short term moves, things move too fast to have to rely on Randy getting messages out about intraday developments for sub monthly expiration options.

Are you swing trading Randy’s targets?

Sure. USO still offers an objective long entry here at support up to bounce target zone (yellow shaded area) on this daily chart.

Ive been buying small amounts of 0-3DTE options since the bear market started and the big wins are greatly outweighing the losers, but they are getting really expensive in this volatility so I’ve been dialing it back.

I primarily trade options, especially in markets like this.

Hey, I tried before but I do not own enough skill on risk management to be even close to profitable (or breakeven either) upon dealing in options. If I want some leverage , normally I go for leveraged ETF’s as options is the algorithms delight.
Good luck

I am curious, is anyone using options?

Thanks