Webinar Recap: Kenny Polcari On 35 Years of Trading Strategies Learned
I was thrilled to welcome Kenny Polcari to our weekly webinar series, especially now that we are officially in a bear market. If his name rings a bell, you know him from his appearances on CNBC’s Power Lunch and Closing Bell. Kenny is a veteran equities trader, and he’s currently Director of NYSE Floor Operations on behalf of O’Neil Securities, Inc. We had a lot to talk about!
Kenny shared 35 years of valuable trading lessons learned, from his experiences on the floor of the NYSE (when he started, it was a crowded floor – now it’s pretty lean) to surviving the crash of ’87 and the flash crashes of 2010 and 2015. He loves it with a passion and continues to enjoy trading, which is evident in the blog posts he publishes daily. We both took questions from the audience.
We also talked about the Explosive Options portfolio. If you’re a member, you are not feeling any pain. Our portfolio rose more than 2% last week, and we now have a robust 36% gain YTD (meanwhile, the SPX 500 is down over 6%!). We are positioned sharply for a big move to the downside, but will take profits as they present themselves and continue to play it lightly.
This Week’s Market Action
Sellers came out in full force on Tuesday, despite a strong jobs report on September 4. China continues to rattle nerves, but even with a Fed meeting on the calendar for next week, many traders are getting nervous and reaching for protection. We can see this play out in the VIX and skew index, both of which ran sharply higher.
Watch Bob Lang’s Options Trading Webinar
Watch the webinar to get an update on this week’s market activity and learn trading strategies to cope with the extreme volatility.
If you love the insights you gained in this webinar, don’t miss your chance to join us live. Each week I host a FREE options trading webinar during to discuss recent market action, current plays and charts of interest, along with the trends that may affect future action. Join us live and get your chance to ask your own trading questions!
[button link=”http://explosiveoptions.net/webinar/” size=”large” align=”center”]Find a Webinar[/button]
