prvtrader 6:47 am on Tuesday, November 24, 2015
Tags: SPXcampaign ( 2,265 )

Well, I was not going…

Well, I was not going to trade until after the Thanksgiving weekend, but I couldn’t resist the opportunity today. So,
STO Dec 24th SPX 2000/1985 BuPS at $2.20

#spxcampaign

Jeff 6:52 am on Tuesday, November 24, 2015

Hi Robert, this is a more aggressive position than the normal #SPXcampaign… can you tell us your thinking on this position and your exit plan?
- prvtrader 7:59 am on Tuesday, November 24, 2015
  
  I believe that if we can find a good point of support we can risk a little more to make more.
  
  There is a big Confluence area on the 2077 level and the SPX just bounced from there. That doesn’t mean it is going to go up from here, but it is a good indication that we may go up later. At least there is a very good prob that we will do just that and I’m not risking a heck of a lot, because if we break below this Confluence, then I’ll get out. I’ll give it a few ticks just to avoid a Wash/Rinse type setup.
  I’ll place the stop at 2072.30. The next Support below it is at 2065-67.