#SPXcampaign I included positions traded today as well. I have not yet connected all the rolls with arrows.
This is my third day straight of closing spreads close to expiry at the worst price of the day. It is quite frustrating, but part of trading. It means I will have to sell more roll-spreads to make up for the huge premium I paid to exit.
I have closed my Nov 9th 2150/2175, but will be leaving on the Nov 9th 2165/2180. One reason is that it is only a 15-point spread, which will mean even if it’s fully ITM it will be easy to roll to my usual 25-point width.
If Trump somehow pulls it out, OR if it is too close to call, we’ll go down… question is, how far and how fast? I want to be clear that I’m not commenting on my political leanings. It is just that the markets have made it clear: a Hillary win is bullish, Trump is bearish. And it seems very likely Clinton will win. If she does, I believe we will rally but I will be looking to fade it. If VIX drops below 13.59 (from the #VIXIndicator), I will look to be bullish.