Jeff 9:48 am on Friday, March 4, 2016

UVXY approaching highs of the…

UVXY approaching highs of the day despite SPX going sideways. Signaling a top?

Ramie 10:05 am on Friday, March 4, 2016

Inspired me to try a scalping trade on SPY.
Sold $SPY Mar 4 201 calls @ .21.
- Ramie 10:58 am on Friday, March 4, 2016
  
  Well that didn’t work. Bought to close $SPY Mar 4 201 calls @ .43 for a .22 loss.
  - Jeff 11:00 am on Friday, March 4, 2016
    
    Sorry for the head fake… that’s why I used the question mark! I don’t think this rally will stop before 2020-2025, but I keep hoping it does.
    - Ramie 11:04 am on Friday, March 4, 2016
      
      No worries Jeff. That was entirely my trade. And honestly I would do it again. Sometimes they don’t work out 🙂
      - Ramie 11:11 am on Friday, March 4, 2016
        
        Speaking of doing it again, I just sold the same contract (Mar 4 201 calls) for .29. Will try to capture some of that .27 time value into the close.
        
        Ramie 11:29 am on Friday, March 4, 2016
        
        Closed the 201 calls for .12. Made back .17 of the .22 I lost earlier. I’ll take it.
sasquatchonline 10:17 am on Friday, March 4, 2016

I expect it to hit 34 because earlier today I bought back my nearly total loss 34/30 BuPS while it still had a little bit left to cover all the transaction costs.

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