Part 1 of End of Year Bull Trade

Hey everyone

Since the Federal Reserve decided not to taper this month, a bullish scenario for the rest of the year is starting to emerge. This big piece of policy allows for a bullish trade in SPY to begin with a 25% commitment. The target for the trade would be $180.00. Currently the SPY trades at $171.61.

Because there are other large pieces to the end of year puzzle to be fit, an argument not to fully commit needs to be heeded. The government still needs to work through their funding issues. Any stoppage will have a negative effect on the market and will put the bullish trade in jeopardy. Corporate earnings are due out next month. Even thought there might be some bad news earnings wise, it is the guidance that is important. Bad guidance will end the bullish trade. Decent guidance will propel the trade.

If the government avoids a shutdown, and there is positive guidance, going full trade would make sense. But if there is a shutdown, and guidance fails, the bullish trade should end at your stop loss.

Current holdings for The Keane Trade are:

- Ford Oct $18.00 call options (link here)

A previous post regarding the idea behind the trade can be found here.

 **Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **  

Stopped out of GLD Put trade

The stop price of the GLD Put trade has happened. GLD has surpassed a resistance level of $125.

Current open positions are JPM Aug $55 Calls, and USO Aug 38 Puts.

**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. ** 

New Put Trade in GLD

An August 2nd $121.00 put has been bought in GLD. The Put was purchased for $1.38. GyLD is currently trading at $123.31. 

**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. ** 

GLD Put Trade Closed Profitable

The stop price was hit on the GLD Put trade. The trade ended profitable. Stats are below.

Type: July GLD $134 Put
Entry Date: June 14
Entry Price (with commissions): $3.19
Exit Date: June 21
Exit Price (after commissions): $8.95

  **Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. ** 

Update on GLD Trade

GLD has moved below $132.00 today. Because of this move, the price of the put has moved into a position where the stop price now guarantees a profit.

**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **