Jeff, the market has been soaring and a lot of money is being made except us. You have us watching on the sidelines. Luckily I didn’t go for the last little losing trade with FAZ.<\/p>\n
Let’s get going with selling some real naked puts on good, hot stocks and then sell the calls if put to us. Just pull the trigger on good stuff, there’s plenty to choose from.\u00a0<\/em><\/strong><\/p>\n \u2013 Rene S.<\/strong><\/p>\n<\/blockquote>\n Hi Rene. Thanks for writing in.<\/p>\n I understand your frustration. But, since I earn my living as a trader, I have to stay focused more on risk than on reward. And, the \u201cgood hot stocks\u201d you apparently want me to recommend simply have too much risk at this point to offer a favorable risk\/reward trade setup.<\/p>\n I\u2019m glad you didn\u2019t get hit with the loss we took on the FAZ trade. That seemed to me to be a low-risk way to trade in anticipation of a market reversal. I was wrong, and we took just over a 2% loss on the position.<\/p>\n Tell me, though\u2026 did you trade any of the gold positions I\u2019ve recommended over the past few weeks?<\/p>\n We just closed the Goldcorp (GG) call option trade for a 155% gain. And we\u2019ve traded the VanEck Vectors Gold Miners Fund (GDX) calls a couple of times as well. We earned 142% on the first trade, and we just sold half of the second trade for a 100% gain.<\/p>\n Gold stocks may not be the \u201cgood hot stocks\u201d you\u2019d like to trade. But they\u2019ve been giving us some good opportunities for big gains without a whole lot of risk.<\/p>\n [A beaten-down restaurant stock]? Really. We’re in a raging bull market in an earnings period and, among all the possible choices out there, you pick [a beaten-down restaurant stock]?<\/p>\n Are you crazy? Sorry, this may work but not for me. Not a confidence builder.<\/p>\n \u2013 Jay D.<\/strong><\/p>\n<\/blockquote>\n Hi Jay. I tried to find an artificial intelligence company that uses blockchain technology to fund marijuana farms\u2026 but I couldn\u2019t find anything that fit my risk\/reward parameters.<\/p>\n So, I went with a fundamentally cheap restaurant stock with a good technical pattern.<\/p>\n I\u2019ll try to do better next week.<\/p>\n Best regards and good trading,<\/p>\n Jeff Clark<\/p>\n P.S. <\/strong>No matter how hot this market gets, in the Delta Report<\/em>, we\u2019ll stick to principles.<\/p>\n We find great trades every week not by chasing fads, but by targeting beaten-down sectors and making outsized gains when they snap back. We shun risk, not chase it\u2026 and we\u2019re rewarded in return.<\/p>\n To learn more about a subscription to the Delta Report<\/em>, click here<\/a>.<\/p>\n Today, Market Minute<\/em> readers chime in\u2026<\/p>\n I do not subscribe to your Delta Report<\/em> service (or any other, for that matter). I steer my own boat.<\/p>\n![](\"https:\/\/casey-assets.s3.amazonaws.com\/images\/misc\/jeff-clark-signature.png\")
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