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1-855-RWT-0008

Prepared by the good people at Random Walk, LLC. (and Scott)

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Great Morning

Closing Prices From Yesterday

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Today’s Number(s)

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Yesterday and Today

Yesterday

A dull and crazy market that fought all day to run higher, but got squashed on the close. Much of the attention people are focusing on is still Hong Kong, and any sign of releif there is probably a big up day.

TODAY

Probably the worst day of the Hong Kong protests will be today because of a national holiday. This means that anyone that has a job has the day off and can also participate in the protests. Expect a big turn out, which the media will be all over. So unless the economic numbers are perfect, I expect today to be down as the media tries to insinuate that the crowds are getting bigger. They are not getting bigger other than today.

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POT is held each Wednesday night at 7:00pm eastern.

Contract the office at 1- 855 – RWT – 0008 for more details.

Yesterday

Risk Reversal

I cleaned up the risk reversal (like an idiot) and we have on downside protection after taking off the quarterly condor on Tuesday.

Recall that (the quarterly condor) was taken off for $6.30. All day I was thinking it was a mistake, but the closing sell off made it look good. Below shows where the spread would have closed had it still had $6.30 in premium still in it.

This Week – Gamma Scalping

Remember: it is possible to sign up for ONE (1) if you are wanting a specific topic.

NEW:

I gleamed over the new and additional approach I am taking to POT when it comes to placing paper trade examples. This new approach will be two-fold.

ONE – I will be assigning a level of difficulty to each trade (from 1 to 5).

This is done so that the participants get get a better handle on the degree of difficulty each example is prior to it being placed.

TWO – This also ensures that students of any and all levels of sophistication will find examples that pertain to them. It will also help newer traders elevate their level of sophistication by pulling them up a level, instead of stagnating in one area.

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This begins Wednesday.

Italy people please see our current greeks below.

Notice that we are short some deltas, and too many. I brought this up in the Italy update, but was not concerned as I think we are opening down tomorrow. Either way, I will clean this up after the open by selling another put spread. One of them has to work out…lo.

wtf

Too True To Be Funny

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Attorney Stuff

DISCLAIMER (Seriously!)

Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.

We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.

Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

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Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesn’t mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.

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Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.