In the episode, Russ explains what to do now with a Presidential election about 26 days away. Market indexes are also at or near all-time highs. What do we do?

Russ covers 5 topics on this episode (or five courses of action) including:

1.) Writing covered calls – at higher (sometimes stretched) prices - OTM (out of money) by 3%-5%.

2.) Selling (or writing) cash backed put options (at a strike price that is 95% of today’s stock price).

3.) Tighten up Stop Loss Orders to 4%-5% down from today’s stock prices.

4.) Ride out the volatility in diversified long-term ETF’s &

5.) Go short (by buying long puts) to bet down - the riskiest strategy… but it is a choice. What Russ discusses what he is doing now.

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In the episode, Russ explains why the stock market is 50% science and 50% art. Everyone seems to want to use logic and mathematical formulas to control (or solve) the stock market. What they don’t realize is that there are millions of individuals all playing in the same place at the same time with different ages, objectives, risk tolerances, etc.. Add in their emotions (of fear and greed) and you quickly realize you can’t reduce the stock market to a predictable outcome or a mathematical formula.

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In the episode, Russ explains the Box Spread options strategy. This strategy is another 4 -legged options strategy in that it puts two spread trades together. It is like the Iron Condor options strategy on the credit spread side, but the Box strategy is two debit spreads put together.

Russ discusses the type of interest rate environment to use this strategy in and also shows two examples to bring the strategy to life.