S&P 500 All Time Highs! Cashed Out $12,524 In Profit Today

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Hey Options Trader,

Today the market absolutely ripped upwards for one very specific reason. I managed to close out some positions for my biggest profit of the year so far. With market trending at all time highs ($QQQ near all time highs), I am preparing differently this time.

Here’s what we are covering:

1. My preparation plan for $QQQ and $VIX

2. $NVDA Breakout - All Time Highs Are Near

3. $PLTR - My Breakdown Video (New Discovery)

My Preparation Plan For $QQQ and $VIX

Today was a great day for the bulls in the markets. SPY hit fresh all time highs and QQQ is nearing all time highs. Why did this happen?

According to the CME FedWatch Tool, the markets have priced in 2 rate cuts as opposed to the 1 rate cut probability we had just last week. We may even see a 3rd rate cut towards the end of the year.

This is extremely bullish as businesses and consumers can borrow at cheaper rates.

Here is how I’m prepping for the next potential pullback. During the past few weeks of retreating from all time highs, I realized my LEAPS options were tanking in value. I went way too heavy as market euphoria sucked me in. During those 3 weeks I could have been generating income from cash secured puts with that money. I also could have been purchasing LEAPS at the lows instead of the highs.

With that being said, I was in fat profit on all my LEAPS today so I closed out half of them on NVDA, PLTR, and QQQ….and sold cash secured puts instead for income (4-5% on my money in 30 days).

I kept the other half of my LEAPS call options because I believe we have one more push higher before any real volatility sets in. VIX is at $15 which signals we are about to go greedy in the markets. When this happens, we usually make a new set of all time highs across the board.

I am starting to shore up cash as I made 20%+ on my LEAPS. I will continue to sell cash secured puts and wait for the next pullback to go 100% all in.

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$NVDA Breakout - All Time Highs Are Near

Nvidia is looking ready to finally test all time highs again. Earnings are around the corner on February 26th and we are trading around prices we saw last November. Nvidia is still at a massive discount in my opinion.

My current position has escalated to $174,000 as i’m collecting options income and waiting patiently for the major move.

I closed out some puts that expired in January and rolled them up to the $139 strike for Feb 21. I’m fine getting assigned at $139 worst case since that is where Nvidia was trading last July 2024!

$PLTR - My Breakdown & Plan (New Discovery)

Be ready for more volatility!

-Ryan