SPDR S&P 500 (SPY)

[NetNeutral]

As expected Spy did tag the R1(269.84) but was rejected with a CLOSE below, ST weekly Top should be in, hence, we expect ANY upwards price action to be short in duration with a backtest of the Yearly OE Pivot more likely then a breach of 269.88??

If, and that's a Big "IF" Spy can make it above 269.88 then the highest it could go this week would be 271.95??

We'll use ANY price action above 269.88 to add 5/16 270 puts??

We have only 266 5/11 puts as this time and expect them to expire, well, worthless???

Good trades ALL...


5/11
266 putts at 1.47, Short(Q x 4)

5/9
264.00 putts at 0.82, Short(Q x 4), Expired at 0.00, -13.12 loss(Q x 4)

266.00 calls at 1.15, Long(Q x 4), Sold at 1.75, 9.60 gain(Q x 4)
266.00 calls at 0.75, Long(Q x 4), Sold at 3.75, 48.00 gain(Q x 4)
267.00 calls at 1.10, Short, STO, BTC at 2.75, -26.40 loss(Q x 4)

5/7
266 calls at 1.05, Sold at 1.90, 13.60 gain(Q x 4)


Wkly closed positions: 31.68 gain