P1 Holiday Trade Alert — Don't Try This At Home
The Trade — And Why I'm Telling You Not To Copy It
Sometimes even experienced traders break their own rules. Here’s the trade, the reasoning, and an honest warning.
Memorial Day — A Pause Before the Trade
Today is Memorial Day. A day to be grateful to all the men and women who sacrificed so we can live and enjoy the freedoms we have.
Some of the most meaningful things behind Memorial Day:
Honor — recognizing courage and service.
Sacrifice — acknowledging those who gave their lives for others.
Gratitude — appreciating freedoms that are often taken for granted.
Reflection — remembering the personal stories behind the names.
Unity — a moment where politics and differences are meant to pause in respect.
Before we get to the trade, take a minute to remember why we have the freedom to even sit at a screen and do this for a living.
Market Context — The Strongest Bull Run In Years
This weekend brought another “peace agreement.” We’ve had so many at this point I’ve lost count.
What’s interesting — and what tells you everything about the current regime — is this: every rumor sends the market screaming higher, and when the rumor turns out to be untrue, the market doesn’t go down. That asymmetry is the cleanest tell I know of for a strong bull tape. Buyers show up on good news and refuse to sell on bad news.
This is the strongest bull run I have seen in many years.
The cash market is closed today for the holiday. But the futures market is not.
The Trade — And Why I’m Telling You Not To Copy It
I’m breaking one of my own rules. I do not sell naked calls. Period. That’s a rule I’ve had for a long time, and it exists for a reason — the upside in this market has no defined cap, and naked calls have unlimited risk above the strike.
