SPY playing us ALL for Fools and we LIKE IT, LOL...
We had a Good week and could easily stay in CASH and take a Long weekend, NOT!!
Yesterday was a Big Up day after a Sell Signal was generated and this portends a high probability of a reversal of meaning??
That said, the COTrend signal was NOT confirmed so we r making this play entirely on the Sell Signal confirmation triggered Wednesday!!??
Today we'll attempt to buy both 11/17 258.00 puts and 11/22 259.00 puts??
BTO, 248.00 11/17 puts at 0.15?
BTO, 249.00 11/22 puts at 0.80?
We expect price action today to play between 257.56/258.85??
Good trades ALL...
Closed Positions: 5.53 Gain
11/17
255.00 calls at 2.05, Long, Sold at 2.55, 0.50 gain
256.00 calls at 2.22, Long, Sold at 2.25, 0.03 gain
11/17
255.00 calls at 2.24, Long, Sold at 2.31, 0.07 gain
255.00 calls at 2.22, Long, Sold at 2.32, 0.10 gain
259.00 puts at 1.95, Short, Sold at 2.10, 0.15 gain
11/15
256.00 calls at 0.65, Long, Sold at 0.81, 0.16 gain
257.00 calls at 0.18, Long, (Double), Expired at 0.00, -0.36 loss
255.00 putts at 0.25, Short, Expired at 0.00, -0.25 loss
255.50 putts at 0.20, Short, Expired at 0.00, -0.20 loss
256.00 putts at 0.25, Short, Sold at 0.75, 0.50 gain
256.50 putts at 0.72, Short, Sold at 0.25, -0.47 loss
257.00 putts at 0.34, Short, Sold at 0.84, 0.80 gain
257.00 putts at 1.10, Short, Sold at 0.70, -0.40 loss
257.50 putts at 0.48, Short, Sold at 1.00, 0.52 gain
259.00 putts at 1.93, Short, Sold at 2.85, 0.92 gain
11/17
255.00 calls at 2.87, Long, Sold at 3.00, 0.13 gain
260.00 putts at 2.55, Short, Sold at 3.35, 0.80 gain
11/15
257.00 calls at 0.90, Long, Sold at 1.00, 0.10 gain
257.00 calls at 1.04, Long, Sold at 1.06, 0.02 gain
258.00 calls at 0.22, Long, Sold at 0.34, 0.12 gain
257.00 putts at 0.44, Short, (Double), Sold at 0.94, 1.00 gain (Double)
257.00 putts at 0.33, Short, (Double), Sold at 0.53, 0.40 gain (Double)
257.50 putts at 0.65, Short, Sold at 0.75, 0.10 gain
259.00 putts at 1.10, Short, Sold at 1.70, 0.60 gain
259.00 putts at 1.50, Short, Sold at 2.00, 0.50 gain
