We are in the midst of one of the longest bull runs in history. When the music stops, which it will at some point, there will be serious financial losses again. Will you be caught with your pants down or will you be ready for it?

JP Morgan's top quant warns next crisis to have flash crashes and social unrest not seen in 50 years - https://www.cnbc.com/2018/09/04/jpmorgan-says-next-crisis-will-feature-flash-crashes-and-social-unrest.html

Here is a summary of my current positioning and trades.

Closed Positions Today 9/4/18

1. Sold XOP Puts September-21st-42 Strike Bought at 1.08 average Sold at 1.02

Opened Positions Today

1. Bought XOP Puts September-21st-42 Strike Bought at .68

2. Bought GDX Calls September-21st-19 Strike Bought at .12

Current Short Term Outlook:

1. Bullish Gold Miners

Current Open Positions:

1. Long GDX Calls Sept-21st-20 Strike (.53 Average Cost Basis)

2. Long GDX Calls Sept-21st-19 Strike (Cost .12)

13.38% Average Gain per Trade in August 15 Closed Trades in August 200.81% on all Closed Trades in August

Submitted September 04, 2018 at 11:03PM by JayFig_The_Trader https://ift.tt/2Q8oczJ