The markets had their worst day of the year today as the Dow dropped 1680 points, the S&P500 gave up 274 and the NASDAQ bled out 1050. This is a great opportunity to buy the dip for those long-term investors!



Our traders saw the negative sentiment this morning and opened a bear call spread. The short strike was 5575 and the index settled about 180 points below that. The position was never close to being in jeopardy and it was a very stress-free trade.



This trade expired for a profit of 3.1% on the day! Have a great week!