Trading Silly Puts in a Volatile Market

OIB Members Book First Loss of the Year After closing 19 profitable trades in a row in 2022, we took our first loss of the year in Options Income Blueprint last week. It was a big one on website building and hosting company Squarespace (SQSP). While I like the company, my timing on this trade could not have been worse. We entered the position in mid-November, shortly after the company announced it had grown revenue 24% year over year in its third quarter. At the time, “growth” was not yet a dirty word on Wall Street. But as the Federal Reserve signaled rate hikes were on the horizon, sentiment turned against high-growth names like Squarespace. We were assigned shares shortly after entering the position. While we sold calls for income, the stock’s continued sell-off and the fact that only monthly options are available made it difficult for us to dig our way out. With uncertainty high, I recommended members move on from Squarespace so we can put our money to better use elsewhere. This loss hurt. There’s no getting around that. But we will be trading aggressively in the second quarter to make back as much of the loss as we can as fast as possible. This will include putting on more new trades, closing trades early and utilizing tactics such as silly puts to capitalize on market volatility while reducing risk. In the latest Options Income Blueprint Weekly Income Report, I discuss last week's trades, as well as one of the most popular tactics among members, the aforementioned silly put. Not An Options Income Blueprint Member? [Learn More Here]( Each month, we dissect a major trend or sector of the stock market to provide you with the time-saving fundamental and technical analysis of stocks you can add to your portfolio or trading list. Get recommendations for the best strategies or tactics to use with each stock in a monthly report, delivered right to your email. [Go Here To Learn More]( [Facebook]( [Twitter]( [YouTube]( [Website]( Copyright © 2022 Traders Reserve, All rights reserved. Our mailing address is: 267 Kentlands Blvd, Gaithersburg, MD 20878 Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](.