My Favorite Morning Option Trade

Let me tell you a story about a Monday morning a few years ago… I woke up that morning convinced I was bulletproof. In the first hour of the market, I was down over half a million dollars. By lunch, my head was in the trash can because I was sick to my stomach. By the time I pulled into my driveway coming home that night, I was as broke as a '55 Chevy. The date was October 19, 1987. Black Monday. You've all heard of it, even if very few traders around today were around back then (what can I say, I've got a lot of experience.) From that day on, I was determined never to let the first hour of the market ruin my day, my year, my life like that again. So I devised a simple trade setup, one that I use every single day. Other traders call the first hour in the markets "amateur hour." I felt like an amateur on Black Monday. But I was determined never to do that again. This trade is my solution. I've turned the volatility of "amateur hour" into profitable trades with this simple setup. Thank you, Tom Busby

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