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Tuesday, September 30th
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“Western Christianity offered the spectacle of a bleeding God committed to his dereliction and that of theological confrontations between flesh and spirit, reason and faith, nature and mercy.
Concerning modern atheism, it reduced man to the state of a sociological animal possessed by property and to a deserter of the being; it deified History, and had enough contempt for man to justify and organize totalitarianism which ended up destroying him.”
– Jean Bies
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These outsized “dividends” are not limited to big accounts…
And they take just a few minutes to trade!
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Major Market Events
- Shutdown Risk Rattles Markets — Investors are bracing for a potential government shutdown as talks stall in Washington, weighing on stocks into quarter-end
- Fed Signals Divide on Rates — Central bank officials show a widening split on inflation and future cuts, adding to policy uncertainty
- CoreWeave, Meta Drive Big Moves — AI-infrastructure firm CoreWeave surged on a $14B Meta deal, while broader markets digested big tech shakeups and earnings
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🤔 My Thoughts
Spotting “End-of-Day Sweeps” for Overnight Wins
How I Hunt Next-Morning Gaps
I’ve added a simple tool to my routine: I watch for last-minute big options orders — “sweeps” — that hit near the closing bell.
When the right kind of order lights up, I make a small, defined-risk bet I can close into an overnight gap the next morning.
I walked through this live on yesterday’s Profit Panel and said I’m rolling it out for occasional use — because the hit rate has been solid.
Quickly, what’s a sweep? It’s a rush order that hits multiple exchanges to get filled fast.
To me, that often means a bigger trader is in a hurry. If those sweeps show up late in the day, I take notice.
I also track the exact option on a chart — yes, you can graph the contract itself — to see how price/volume behaved into the close.
My Simple Checklist
- Timing: Did the orders land late (roughly 3:30–3:55 p.m. Eastern, just before the closing bell)? That’s when I run the scan.
- Intent: Are they call sweeps into strength or put sweeps into weakness? I make sure to match the direction, not fight it.
- Chart sanity: Is price near an obvious level (day’s high/low, moving average)? If it’s stretched or choppy, I pass. On the show, I showed how I use the 10-minute chart for trend → consolidation → continuation.
- Positioning tiny: I keep the bet small and defined-risk (a debit call spread for upside or debit put spread for downside), because overnight can surprise anyone.
Example: How I Place It
- If I see late-day call sweeps and the stock finishes strong, I’ll consider a 1–2 strike wide call spread that expires within a couple of weeks. Cost is the max loss; I size it so a full loss won’t rattle me.
- Exit plan: If we get an opening gap in my favor, I’m looking to take profits in the first 30–60 minutes—unless the tape keeps confirming. If there’s no follow-through, I don’t debate; I scale down or exit and move on.
Why this works for me: I’m not guessing all day. I wait until I see someone else step in with urgency at the close, I double-check the chart, then I use a small spread so I know my worst case before I click. The goal isn’t to win big on every attempt—it’s to take a repeatable shot when the tape and the order flow line up.
Bottom line: If you’ve ever felt lost at the close, this is a plain, rules-based way to look for an edge into the open—without swinging for the fences.
Click here to watch the on-demand replay!
And don’t forget to register your spot here to join us next time we go live!
To Better Trading,
Alex Reid
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