This morning, Fed Chair, Jerome Powell, made a speech hinting a shift in their current policy. This nearly solidifies the odds of a 25 basis point cut in next month's Fed meeting. The markets skyrocketed after his comments. The sentiment was so positively strong that practically any bullish trade would have been profitable today.



Our traders opened a bull put spread immediately after Powell's remarks and were able to sail into an easy "gimmie" on the day. The position expired at the closing bell for a profit of 3.1%! Our total return for August is 12.4%!



Enjoy your weekend!