Joshua Belanger got his start as a runner on the floor of the Chicago Mercantile Exchange (CME). Joshua eventually made his way to the trading desk—learning the inner workings of trading and the markets. He has been quoted in the Wall Street Journal, Reuters, New York Times, Yahoo Finance, Bloomberg and BusinessWeek. He is also the author of the book Fearless Investing With Options. Today, Joshua brings his expertise and experience of the market to Seven Figure Publishing as editor of Hot Money Trader.
We're seeing 5200% increase in put option volume with buyers looking to profit on a further decline in shares over the next few weeks. To take advantage of this we have a new play that benefits from the falling stocks.
Prices shot higher again yesterday for one of our positions, but markets move quickly, and we were not able to get out at higher levels. Today, prices have dropped back below Tuesday’s level and we are going to close this trade down.