The S&P 500 Index (SPX) fell close to 200 points (from all-time highs) in last two days over a combination of tariff related news, a weaker than expected jobs report and a FOMC meeting that presented a hawkish tone for a rate cut in Sep.
I wrote in one of my recent newsletters that a market pull back was around the corner, so I am not surprised at all. Whether we have a deeper correction in the days to come or the market bounces back and continues to go higher is anybody’s guess.
However, what’s important is how you react and protect your open positions every time a pullback happens.
I’ve made a video (with a live example) that shows you how to tackle this kind of a situation in case you are not ready to take assignment of your cash secured puts.
Check it out:
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Until next time...
Gautam
(Your Financial Freedom Coach)
