Les’ $59K Month + Jerome Powell Says Stocks Overvalued — My Take

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Hey Options Trader,

Markets are at lofty levels, but I’m preparing for both directions. While I’m long-term bullish, short term I’m leaning more cautious as volatility ticks higher.

Here’s what we are covering:

1. Why I’m building cash as QQQ trades near 595

2. Client spotlight: Les’ $59K month and consistent results

3. A safe HIMS trade paying 4.26% in 30 days

4. Bonus video: Powell says stocks are overvalued — what I’m doing about it

Market Snapshot

$QQQ ( ▲ 0.41% ) is in the 595 area, with upside targets at 610–620 if data comes in strong. But I’m hoping for a healthy 3–5% pullback down toward 580 or even 575.

The $VIX ( ▼ 8.66% ) climbed into the mid-16s today and briefly touched 17. That kind of move suggests hedging ahead of catalysts. Near-term drivers include GDP and Core PCE this week, and the unemployment report next week. A softer-than-expected print could trigger volatility and a spike above 20 on the VIX.

I’m holding 18% cash right now, working toward 20%. That leaves me flexible to buy into weakness if we get it.

Client Spotlight

Les continues to impress. In his first month of trading with us, he made $59,000 in profit. In his second month, he cleared over $60,000. He’s consistently hitting 3–6% monthly returns and showing what’s possible with discipline and structure.

This week we also saw another client post $26,000 in profits in his very first month in the program, while another shared a 6% ROI so far in September.

Free Trade of the Week

$HIMS ( ▲ 6.43% )  

Trade: Sell October 24th $47 cash-secured put
Premium: $200
ROI: 4.26% in 30 days
Annualized ROI (linear): ~51.8%
Effective Annual ROI (compounded): ~66.0%

I like this trade because HIMS has already absorbed much of the bad news, the stock is trending higher, and the 47 strike sits below a healthy support zone. It’s a safe way to collect premium while positioning for a discount entry if assigned.

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Bonus Video

In my latest video, I break down why Jerome Powell recently said stocks are “highly overvalued,” what that really means for the market, and how I’m positioning my portfolio in response.

Discipline today creates opportunity tomorrow.

Talk soon,

Ryan