Friday Fantastic Futures Fueled Finish!

What?  Are you just waking up?   We’re done with our day already!  At 1:43 am the market finally finished a crash that gave us such a terrific entry opportunity that I sent out a special Alert to Members , which is very rare for the middle of the night so when they get one, they know something is up (and did you know you can configure you Email to make a special noise when you get a PSW Alert?) .  We got a nice initial pop but then got stopped out as it retraced but we still had faith in the turn (and by that time, Members were on in chat) at 3 am so I decided to spread the word on Seeking Alpha , Stock Twits and Facebook and even Linked In (even tough we shorted that POS) – to make sure all my friends who follow me got a chance to participate in this major rally . Those are the same places I posted our 12 Bullish Dow Trade Ideas on Wednesday  that are going to be up so much today that you will throw up if you missed them ( our Members never do !).  They are also the same places that I posted our LNKD short play (I thought it was fun irony posting a short play on LNKD using the Linked In site!) which went like this:   $LNKD Aug $90/85 bear put spread at $3.40, selling the June $95 calls for $1.85 for net $1.55 on the $5 spread. Gotta love overpriced IPOs!  LNKD is now trading at $68.27 and the June $95 calls are expiring worthless today while the Aug $90/85 bear put spread is now $4.45 for a 187% gain in 15 days and well on track to the full 222% potential gain but, at this point, we take the money and run because it’s one thing to risk $1.55 to make $5 but quite another to risk $4.45 to make .55 – get it?  Even if you don’t consider it to be a risky trade because LNKD is very unlikely to come back – there are still FAR better things we can do with $455 per contract  between now and August than make 10%!   Wednesday’s trades were much less complicated, they are just short puts on various Dow components and we had 3 different chances at them this …