SPDR S&P 500 (SPY)

[NetNeutral]

Ok, well that didn't work out to well, the Run with da-Bulls thingy dat is

While we did pickup all the positions we wanted(Day orders ALL filled), we did not exit our 2/23 Spy calls at the close as price took a turn for the worst!

We did however pickup the _Spx 2700 puts for 6.00 and sold for 10.00 into the Close when Spx rolled over, 4.000 gain!

That said, we sit with a boat-load of calls and Spy forming a HUGE Bearish Diamond on the 2 hour bar chart, Ouch!!

We Stay LONG regardless and will Fade our calls on a Gap up or move up to 271.00 as it really looks like Spy is gonna try to get down to the 268.80 marker Friday???

Spx Options

2/23, 2700 puts at 6.00, Short, Sold at 10.00, 4.00 gain


Spy Options

2/28, 276 calls, 0.30, Long(Quad x 8)

2/26, 275 calls, 0.20, Long(Quad x 16)

2/23 274 calls at 0.15, Long(Quad x 16)

2/23 273 calls at 0.65, Long(Quad x 8)