Wall Street sold off this morning as tariff fears crept back into the market. Downward pressure was very broad based and it appeared as if there was no chance the market would recover today. We took advantage of this and sold a call spread in the morning. Through the course of the day, the market began to claw back all of its losses and got to a point where the S&P500 was actually positive.



This strong move higher hit our exit trigger and we had to shut down the trade. We bought the spread back for $0.70, resulting in a loss of 11.3%. Of course, soon after we closed the position, the markets sold off and the index closed 72 points lower on the session.



We will reset and start a new win streak next week. Have a great week! We'll see you next time!