SPDR S&P 500 (SPY)

[imiloa]

by example, i bought jan22 calls after SPY was oversold for a bit
thinking it would bounce by now.

as posted, i was considering calls on weds, but didn't trust that SPY would start bouncing
after a few false bottoms since jan 4.

two up days since weds, with friday gap up holding valuing seems a decent signal of actual reversal in motion.
so i decided to hold my jan29 calls from friday over the weekend.

re: holding til oversold, not in this climate.
if we get a decent run monday, and that run stalls,
i'll probably bail.

i'll be flying again monday night,
not online again tues until ~13:00 market time.

so i'd rather miss a potential gap up and continue
than risk a retrace tues on anticipation of AAPL dropping of FOMC standing firm on rate rise schedule.