Bubba’s Equity Portfolios Weekly Update No New Trades 10/19/2024

The S&P 500 made a new weekly closing high as the bull market continues unabated. All the bears have been decimated if they were actually short. The perma-bears that refuse to follow price action have been taught a very expensive lesson.

The Model Option Accounts had another winning week:

1A +240
2A +85
3A +400

There are no new trades

On Saturday October 26th we will have a training session at Noon est. We will cover all the changes and new innovations

2024-10-26 Portfolio Training

Amateur traders are always looking for the “why” in trading when they should only focus of the “that” because we don’t know whys- but we do know the that. If a market is making higher highs and higher lows, “that” is the very definition of an uptrend. We usually will never know “why” a market does anything. Most losers in the markets think they must have reasons for making a trade based on all kinds of subjective junk. Not us.

Our method is objective, and 100% rule based. There is nothing to understand other than what the algorithm is telling us. Follow the rules and make money- it’s that simple.

Here is the formula we use

For a Long Position
Buy the at the money Call
Sell a Put Spread starting with the at the money Put and using the recommended
distance for the Put Spread

For a short Position
Buy the at the money Put
Sell a Call Spread starting with the at the money Call and using the recommended distance for the Call Spread

ATM = At the Money
Long Put = Short Call Spread
Long Call = Short Put Spread

Remember the Groups are only updated once a week, although we have new trades during the week, changes to the Portfolios are only reflected on Saturday.

New Portfolios 10/19/2024

These Results are as of the rolls on Friday Morning

The weekly results are above, there was a problem with the formula on the sheets.