°¿°

[Myself °¿°]

To me: I was stabbing at safety when I added the puts out of the gate this am... XLF daily @ trend resistance.

I sold the calls near the end of day because...
• It just didn't look and feel like yesterday's upslope.
• A few are reporting earnings soon.
• All three markets were red and xlf was up strong.
• I knew from last night quickchart was still under.
• I had a strong idea the buying was to weak to push quickchart over with red markets. Felt artificial
• The plan is still just that "a plan" No real action yet... just talk.

And yes I agree... when it turns it'll go fast.
The problem I can see with the puts I have is...
If xlf finds support between here and the recent low
then bounces to your upside target/s
...my puts could go to -0- bid... and that means I'm in the wrong strike, because how could I possible add to it. ugh!

Anyway I would rather be able to look back at this in a week with the price of my puts @ a buck ten+ and say...
yep full moon. #msg-32808470
It's all this political talk of plans getting in the way of my trading head.... but the talk can move xlf.