today 0915 tr was 129.52 to 130.75 so far we have had 129.52 to 130.77-- but it looks to break above our high tr line for the day because this is a market reversal just like i said it would be and now we are above the 50 ma again which is near 130.25. aCTAULLY FRIDAY ARE A GREAT DAY TO PLAY THE WEEKLY OPTIONS EXPIRING ON THIS FRIDAY i got the the 130 calls for 0.31 near todays low -4000 contracts
SPY 11 Mar 11 (W) 130.00 Call
31121939 2011/03/11 09:15:51 2011/03/11 08:37:12 Buy to Open 4,000.0 / 4,000.0 $.31 Limit Day Filled
their up to 0.86 so far also got 4000 contract of the 131 weekly call expiring today for 0.03 -they are at 0.18 so far- it looks like they want to take it above 131 today-so i will sell now
SPY 11 Mar 11 (W) 130.00 Call
31135865 2011/03/11 11:28:49 2011/03/11 11:28:48 Sell to Close 4,000.0 / 4,000.0 $.84 Limit Day Filled
SPY 11 Mar 11 (W) 131.00 Call
31135511 2011/03/11 11:30:39 2011/03/11 11:30:38 Sell to Close 4,000.0 / 4,000.0 $.18 Limit Day Filled
in 2.25 hours the 130c went 0.31 to 0.84 for +171% gain and the 131 went 0.03 to 0.18 for a +500% gain. here are some of my past gains on the weekly option exp day feb 4 weekly put 0.02 to 1.38 for a 6800% gain feb call 0.13 to 1.18 you get my point- look at the thur- friday tr s on the spy amazing-- 3-10 1.27 3-11 1.27
3-3 1.23 3-4 2.03 2-24 1.125 2-25 1.74- the reason is because they weekly options are dirt cheap the last 2 days. sinc e i knew on 3-08 that the market was going down on 3-9 and 3-10 was going down i got the 132 131 and 130 weekly calls-here is what i made selling them today <129.70 on the spy 132 p 0.50 to 2.40 131p 0.25 to 1.50 and the 131p 0.15 to 0.90- as you can see you can make a fortune playing the these weekly spy options if you can predict where the spy will go next- my 129.50 bottom today was the reversal up point. good luck to all- some asked about how to select options to play on any day- i wrote a e book on this subject- if you want one send me a email saying this is what you want.
