BTO Dec 9th SPX 2225 Calls for $4.10.
I believe that the market is quite bullish and still has enough left in the tank to move above the ATH. I don’t think that it will reach 2225 but who knows.
I see a squeeze forming on the weekly and monthly charts on the SPX and that could mean a quick and fast move up, similarly to what happened in the RUT and the DJI last week.
I’ll keep the position until the Theta decay eats away 50% of the original price. Besides I’ve got several BuPS and BeCS which are paying for this position.