Not exactly a stellar week for us ending 5/11 as we had a short bias pretty much all week and Spy managed to close above the COTrend line and Trigger both Buy a Signal and COTrend Signal on 5/9 with a close at 269.50! We did manage a smalll gain but may take it on da-chin in regards to our 5/16 and 5/18 puts??
In addition, while we expected a Back-test of the Yearly OE Pivot, 266.51, Spy managed to nearly tag the Yearly R2(273.17) and this has led to some very bullish developments!!??
In summary, Spy is due for a back-test but the charts eye will post shortly suggest we may have to endure one more day of Up-ness B4 said weakness(Backtest) takes hold??
We go into Monday with 5/16 and 5/18 puts in anticipation of said back-test but the weakness may NOT start until Tuesday and from much higher levels, suggesting that the Yearly R1(269.84) may be serious support now and 266.51 may have to wait for a New ATHigh B4 it gets any pin-action???
Good trades ALL…
Open Positions:
5/18
273 putts at 2.05, Short(Quad)
5/16
270 putts at 1.15, Short(Q x 4)
Wkly closed positions ending 5/11: 8.16 gain
5/11
266 putts at 1.47, Short(Q x 4) , Expired at 0.00, -23.52 loss(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)
YTD Gains/-Loss, 842.96 gain
Wk Ending 05/11, 8.16 gain
Wk Ending 05/04, 71.36 gain
Wk Ending 04/27, -4.80 loss
Wk Ending 04/20, 79.52 gain
WK Ending 04/13, -83.60 loss
Wk Ending 04/06, 198.62 gain
Wk Ending 03/29, 74.80 gain
Wk Ending 03/23, 74.72 gain
Wk Ending 03/16, -43.72 loss
Wk Ending 03/09, 21.30 gain
Wk Ending 02/23, 138.72 gain
Wk Ending 02/16, -49.85 loss
Wk Ending 02/09, 309.53 gain
Wk Ending 02/02, -10.62 loss
Wk Ending 01/26, 24.82 gain
Wk Ending 01/19, 6.27 gain
Wk Ending 01/12, 27.51 gain
Wk Ending 01/05, -3.81 loss
Wk Ending 12/29, 4.03 gain
