Yes, close to expiration is risky
I know what you mean Steve. The closer to expiration the more dramatically the pricing can change. That is only a good thing if you are on the right side of the market. Believe me, I have been on the wrong side of the market before. That is why I try to just stick to following what the Plan indicates, even if it is against my judgement.
The NDX is bouncing Huge here but the INDU is hesitant to rebound. We do have a potential LOD crossover of the DMI- and ADX here so 8200 might just hold up as the LOD. The August Call prices are trading at Huge premiums compared to where the market is at. The 82 Calls are trading at 3.30 x 3.60 so that anticipates another move above 8500. The 84 Call contracts are trading at 2.30 x 2.55 so that anticipates a move above 8600. I am going to just wait it out on any Call purchases until the pricing becomes a little more realistic, JMHO though :^)
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
