Well… that escalated quickly.
This afternoon, President Trump announced a 90-day pause on most of the new tariffs — and the market went vertical.
The S&P 500 rallying nearly 400 points — almost 8% — in a frenzied hour of trading.
But let’s not forget where we came from.
Just a few days ago, markets were in full-blown panic mode. Gold was spiking. Volatility was ripping. Traders were bracing for the next shoe to drop.
Now that we’ve bounced — is it safe to go all-in?
Not quite.
In fact, I’m still watching the downside closely. And I’m still holding some protective puts.
If you’ve followed me for a while, you know I call them “pocket puts” — cheap, out-of-the-money SPY puts that act as portfolio insurance when things get stretched.
I don’t always have them in place… but when I do, it’s because I see a good reason to play defense.
And even with this monster bounce, I still think it makes sense to have something in your back pocket — just in case the market reverses again.
I wrote about my rules for picking these pocket puts before. You can get them in this article right here.
And if you’re looking for a more bullish angle?
I’ve also got my eye on selling puts on AAPL — something I talked about in Market Radar yesterday. With premiums this high, you could get paid to buy Apple shares at a discount if you’re willing to own it long term.
No matter what side of the market you’re on, this isn’t the time to get lazy. The whipsaws aren’t over yet.
Stay sharp,
—Geof Smith
P.S. Here’s another hot tip I’m using in this volatile market!
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