SPDR S&P 500 (SPY)

[NetNeutral]

Alrighty then, we knew Spy would get Rejected at 266.51 but did NOT see that drop coming, OUCH!!

That said, we Sold our 265 and 267 calls at the HOD and posted 14.88 in gains and go into Wednesday with 260 3/28 puts and 267 3/29 calls!!??

We expect Spy to Gap down, fill the GAP at 258.05, maybe make a lower low then JAM-O-Lee Up to close above 263.17!!??

We use weakness to add 260 3/29 calls in an attempt to play for the 269.84 close on Thursday, WooHoo!!!???

Good trades ALL...

3/29
267 calls at 0.80, Long(Quad x 2), Sold at 1.60, 6.40 gain(Quad)

3/28
263 calls at 0.96, Long(Quad), Sold at 1.96, 4.00 gain(Quad)
265 calls at 1.24, Long(Quad x 2), Sold at 2.30, 8.48 gain(Q x 2)

260 putts at 0.92, Short(Quad),
263 putts at 2.50, Short(Quad x 4), Sold at 3.75, 20.00 gain(Quad)

3/26
264 calls at 1.10, Long(Q x 4), Sold at 0.48, -9.92 loss(Q x 4)

Wk Ending 3/29, 28.96 gain