SPDR S&P 500 (SPY)

[Kobe Ginobili]

Friday I started scaling final 30 seconds 11.4 exp - I was going to take calls on the clear increasing H/L leading up to that spike yet from a technical macro perspective my foundation was short biased and had been hit over the head on a failed reversion play end of day several days ago think Wed? when they spiked it hard final 15 minutes then dropped it hard final 3 min - I kept on loading 11.2 calls even when it set a new LOD and ended up taking half off in AH for loss - held rest overnight - figuring Day 3 -900pts get a 200-300pt+ move up to make up the loss.

Watched it go Green/Red in PM ended up taking rest off for larger loss with the time decay near the open - it held 325 then grinded up intraday.

Friday I added some more in first 2-3 minutes AH nearest 2 PUT strikes and covered around 4:07 or so EST off memory both of them for essentially a scratch trade as was figuring would see at least .50-1pt reversion in AH from such an odd spike.

Perhaps without having the loss Wednesday - would have rescaled final 2-3 min in AH some 11.4 PUTS - figuring good odds gap down on macro and low risk of strong positive catalyst - seeing as where the stimulus is at.