It Doesn't Get Much Easier Than This!! Even A 5th Grader Can Do It!
Our Latest October Closed Option Trades
Oil dropped more than 4% on Thursday as financial market turmoil stoked concerns about fuel demand and sent investors seeking safer havens.
U.S. crude settled down $4.56 at $93.97, while London Brent crude fell $4.77 to settle at $90.56 a barrel.
Shock waves from the global credit crisis spread, threatening industry and jobs worldwide and pressuring the Congress to finish up a $700 billion bailout of the U.S. financial sector.
The growing financial crisis has added to concerns about oil demand, which has slumped in industrialized countries like the U.S. this year, sending crude prices crashing from record highs over $147 a barrel hit in July.
"People are worried about demand deterioration (and) the economy falling into recession," said Tom Knight, a trader with Truman Arnold.
U.S. stocks plunged as reports on unemployment claims and factory orders added to worries about the economy of the world's top energy consumer.
Additional pressure on crude prices came as investors -- who had flocked to crude and other commodities earlier this year as a hedge against the weak dollar and inflation -- unwound positions.
"We are continuing to see funds unwinding positions. This has not only affected speculators, but also the commercial side of the trade in view of problems related to credit constricting," said Gene McGillian, an analyst at Tradition Energy.
Dollar gains against the euro and other currencies also helped push down crude. U.S. government data showing rising inventories of crude, gasoline and natural gas as oil infrastructure recovered from Hurricane Ike, also weighed on prices.
The fate of the U.S. rescue plan, passed by the Senate 74-25 on Wednesday night, now lies with the House of Representatives, which is expected to vote on the bill on Friday.
JL,
Well John...another set of option picks, another huge profit for the "bullishbud" porfolio/kids's college fund. MON and CF were beyond fantastic. Beyond the profits however, are the invaluable trading and market lessons you provide everyday in the "nut hut" trading room. THAT is a dividend that keeps on giving. Keep up the great work and keep those options comin' big guy
Bud (Dad of 4)
Hi John,
Thanks alot JL for the great option plays, especially MON ans CF.
I made 4K overnight. And it was legal, go figure.
Thanks
Chewy
Thank you JL. I took $12,000 out of the market tading trading your options from the last 2 days. My Roth has doubled in the last 30 days. I really appreciate the "why" behind the trades.
Kathy
Thank you John, my banker thanks you, and I thankyou. Not only have I learned much in the past week (I stayed home from work this week to catch the action) but I have a large increase in my account and I was only trading 40% of the account.
Cheers, Charles
JL,
Likewise, thanks JL, for helping me make obscene profits again this week.Please Keep 'em coming!!
ozzie
JL I can't thank you enough, on my MON puts I made obscene profits not counting all the others...booked another 200% profits today.
Wow keep up the great work
Thank you again..You are the greatest
Jules
JL,
The past few weeks has been very good to my portfolio. Thank you JL for all the work you do and for the great option picks.
Wileyxs
JL,
WOW...Another great day of trading with John Lansing...he has this market in his back pocket! He reads the trends perfectly. Today my account moved up another 80% profit...past three weeks and I'm up 750% overall. I can not say enough about this sites work and the man who is reading the charts.
Thank you Trending 123!
Let's not stop here, I need another 750%...lol
Tbird
Hey JL, just wanted to let you know how great things have been. I doubled my portfolio with your stock picks and options plays during the July-August time frame. I then more than doubled it again in September. It's looking like I'm on track to do it again in October if I can keep myself from Rat-Braining !!!!!! Thanks for all of your help and guidance. Your attention to the trading room and all of your examples, set-ups and explanations are invaluable!!! I just re-newed my subscription.
THANKS AGAIN!!!!
Baly
JL,
Thanks for profits today John. APA 3461.00 CF 9261. other ideas from your chat room not t123 MOS 8161. QQQQ 1036. GDP 160. I renewed my subscription today.
Iaseal
JL
Another incredible day!!
Booked these gains today:
CF 161%
GMXR 144%
MOS 379%
X 125%
MON 146%
Doro
I was highly advised by JL to start trading Options in my IRA - i listened and opend an option acc with Ameritrade with my first trades on puts HBUWF 1.95 & MONWP 3.8 and so far i can say WOOOOOOW these are the bomb!!
thanks
JL
MON,BUCY,CF,SPWRA,GOOG,RIMM,AAPL,APA,GDP,GMXR,AKS,CLF,X,POT,EOG
