SPX took one stop early

Since I had a few spreads threatening if we gap down tomorrow, I closed one before the $3.00 stop was hit.

Bought to close $SPX Dec 11th 1940/1915 put spreads for 2.70. Sold for 1.25 on Monday.

There is one other support…

There is one other support at 2038 that may hold before getting down to the 2023.

SPX call spread, UVXY call closings

#SPXcampaign Bought to close $SPX Dec 4th 2170/2195 call spreads for .20. Sold Nov 2nd for 1.25.

#VXXGame BTC $UVXY Dec 18th 80 call for 1.25. Sold for 9.20 avg price in August. Not worth risk when over 80% profit available.

The 38.2% of the move…

The 38.2% of the move from the lows of 9/29 to the highs of 11/3 is at 2023; I won’t be surprised if it comes down to there before the down move is over. The 61.8% is at 1965.2 so be careful.

Just closed the SPX 2045/2035…

Just closed the SPX 2045/2035 trade for tomorrow at break even. Don’t want to risk the possibility of a gap down again tomorrow.

$SPX new lows of the…

$SPX new lows of the day

On my 2045/2035 for tomorrow;…

On my 2045/2035 for tomorrow; I may take it out at the close if I don’t seen buying coming in after 3:00PM ET. The problem is that it is too close and a gap down tomorrow will hurt it. So why risk it?