Options GOODIES

[Murphey]

V Entry Late Friday

Friday at aprox 2:05 PM the tick turned upward.
Watching too many possible scalps to post.
The final 20 min of the cash session began looking good
for longs. The final 5 min was a surge on the VOLSPD,
the TRIN fell off a cliff, TLT & 6J Yen were falling
all in unison.
There was a potential bearish timing cycle for last week,
and if Friday closed under 1747 on the ES we could have
seen a nice correction over the next couple of weeks.
But the bulls pushed back Friday and stampeded the fence
late in the day, in theory the bear cycle is now squashed.

Took V late in the final 15 min, Jan 185 calls @ 15.50.
Other entries failed to fill by EOD. Kinda premature entry
on V as I'd like to see it push past 198.45, next R is a 61.8
retrace @ 198.61, then the 78.6 retrace @ 199.38.
Intentions are a scalp but if V runs past R area's it may turn
into a swing.

Cheers