#shortcallspreads #ironcondor TSLA
Sold April 21 300/310 call spread for 1.18 to go with a 220/230 put spread. TSLA is at 277, up another $7 so far today.
Monthly Archives: March 2017
Strangle defense?
#ShortStrangles – TT recommends rolling the un-threatened side for additional credit and even going inverted if needed. It works great but can sometimes catch you in a whipsaw. Been trying to come up with something that would defend these positions without the inversion. Whaddya think of this? Whipsaw still a concern but not as likely compared to TT strategy.
1. As one side begins getting threatened (maybe a strike or two before going itm) roll unthreatened side up to delta 30ish
2. If stock continues in same direction then roll to straddle.
3. Could even skip step two and go straight to step four
4. At or slightly prior to threatened side going itm:
a. Book big gains on non threatened rolls
b. Roll threatened side into a NEW strangle in same expiration for as close to a credit as you’re comfortable with.
5. New strangle wouldn’t be worth much since you’re splitting original premium in that position between two new positions or could just split all premium including rolls but not book it until position is closed.
6. Manage new strangle same way.
SPX Campaign and A Moment of Learning (I hope it sticks)
#spxcampaign
$SPX STO 3/31 2375/2350 BECS @ 4.50
$SPX STO 4/7 2280/2305 BUPS @ 5.70
$SPX BTC 4/7 2455/2430 BECS @ .15 Sold for 1.65 on 3/10
And for another inspired educational moment for me:
Held to expiration
$SPX 3/27 2320/2345 BUPS for a 200% loss. Obviously it was worse earlier in week and day, but if only I HAD PLACED MARKET ORDER INSTEAD OF LIMIT there would have been a small gain. Sorry for yelling. There, I feel better.
#Shortputs #volatility SVXY BTC Mar31…
#Shortputs #volatility
SVXY BTC Mar31 $120 puts for 0.50, sold for 2.24 last Thursday.
$SVXY Reducing some short put exposure
Bought to close $SVXY Apr 7 86.50 puts @ .15. Sold for 2.05 on 2/24.
#earningstrade CONN is a specialty…
#earningstrade
CONN is a specialty retailer of appliances and such I have never heard of in NW Illinois. It’s an $8 stock. 4 of it’s last 10 earnings have resulted in -24, -26, -30, -40, the last 2 however have been +11 and +8. On Jan. 4 of this year it was almost to 14.
After all of that, I bought an April 21 (only monthlys available) 8 put for .65, strictly a roll of the dice, I had Kentucky going all the way.
Closing some DUST positions
Taking these off the table instead of waiting until April for the last .05 or .10. Bought to close:
$DUST Apr 21 53 calls @ .10. Sold for 1.20 on 2/27.
$DUST Apr 21 55 calls @ .05. Sold for 2.03 on 3/3.
$DUST Apr 28 60 calls @ .10. Sold for 1.00 on 3/14.
TSLA adjustment
Delta adjustment rolling put up to the 50ma support…
Rolled Apr monthly 240 put up to 255 @ 2.95 credit.
Position is now 255/275 strangle @ 11.51
$NUGT @CoveredCalls – Sold NUGT…
$NUGT @CoveredCalls – Sold NUGT Apr 7 2017 11.0 Calls @ 0.28 on the open this morning.
SPX puts closed
#SPXcampaign Bought to close $SPX April 3rd 2325/2300 put spreads for 5.05. Sold as part of a #CondorRoll last Tuesday for 7.80.
The call spread I sold this morning will act as a roll for this spread. I stopped it since it started the day ITM, so I’m not giving it another chance to explode.
WYNN again
#ShortStrangles – My only real problem child at this point. Had 105/100 inverted strangles and then rolled 105 puts up to 113 for this week. That’s gonna be a nice winner but calls not so much so rolling 100 calls out 2 weeks (avoiding earnings week for now) into new strangles. Will roll again once earnings week is announced. I like rolling into the high IV of earnings. Gives a great opportunity to adjust the strikes even more than usual.
Rolled this week’s 100 calls to Apr 13th 105/120 inverted strangles @ 1.10 credit
$SVXY #ShortPuts – not a…
$SVXY #ShortPuts – not a lot of new positions this morning. I ran a spreadsheet over the weekend and was amazed to find that I am already short almost twice as many puts as calls on SVXY.
Of course my short calls are very far out (2018 and 2019) while the majority of my puts are weeklys and are all out of the money 30 to 50 points (or more).
Sold SVXY Apr 13 2017 80.0 Puts @ 0.50
Sold SVXY Apr 28 2017 80.0 Puts @ 0.96
Sold SVXY May 5 2017 70.0 Puts @ 0.80
Sold SVXY Jun 16 2017 52.0 Puts @ 0.92
SPX put roll, calls closed
#SPXcampaign 3.00 stop hit on one spread.
STOPPED: Bought to close $SPX April 20th 2265/2240 put spreads for 3.20. Sold last Tuesday for 1.35.
#CondorRoll Sold to Open SPX Apr 28th 2125/2150/2420/2445 iron condors for 2.15, 1.5x position size.
Also, closed SPX April 13th 2435/2460 call spreads for .20. This one was not closing as a spread, even with a bid of .25, so I closed the legs manually for .35 and .15.
#VXXGame trades Sold: $UVXY Jan…
#VXXGame trades
Sold:
$UVXY Jan 19 2018 60 call @ 4.70 (highest strike)
$UVXY Jan 18 2019 60 call @ 6.15 (highest strike)
$SVXY May 19 65 puts @ 1.10
SPX call spreads sold
#SPXcampaign Sold these call spreads this morning after the open…
Sold to open $SPX March 31st 2340/2365 call spreads for 6.00. Expire this Friday.
Sold to Open $SPX April 28th 2410/2435 call spreads for 1.75.
SVXY stock
#CoveredCalls #VXXGame – Was holding stock at a 120.75 basis covered by 127 calls for this week. Sold stock in pre-market @ 128.30.
And:
Rolled 127 calls to Jan 2018 225, 230, and 235 strikes for a total credit of .95
Econ Calendar week of 3/27/17
Be sure to click “HOME/Refresh” (upper left) when you start your day and periodically when using Bistro so features in the upper menu and right-hand column remain updated.
SPX call spreads closed
#SPXcampaign At the pre-market open, just after midnight ET…
Bought to close $SPX Apr 7th 2430/2455 call spreads for .20. Sold for 1.55 on March 10th.
Bought to close $SPX March 31st 2400/2425 call spreads for .20. Sold for 4.40 on March 10th.
VIX Indicator signal fired
#VIXIndicator #Markets #spxcampaign
In the pre-market, the VIX peaked at 15.11 (so far) this morning and has fired a downside signal. This cancels the Upside Warning that’s been in effect since November. If we reach 16.20 today, that will fire a Downside Warning.
I will be rolling some put spreads today, selling some call spreads, and being cautious on placement of any new put spreads.
VIX Indicator Jeff, Not sure…
VIX Indicator
Jeff, Not sure how you come up with 14.96 (50% above 2/1 low). Appreciate if you can post the start and finish points on the fibonacci retaracement.
/ES hedge adjustment
#Futures – Short /ES against short Apr 2350 put. Rolling the put down and out to June to increase downside protection a little.
Rolled /ES Apr 2350 Put to Jun 2300 @ 3.25 credit
Futures down 0.75%
SVXY UVXY….what if?
With our recent increase in SVXY and UVXY trading I thought it might be a good time to pull this out of the archives…
http://seekingalpha.com/article/2250783-how-uvxy-and-svxy-would-have-reacted-in-2008-and-2011?page=7
UVXY to 222 and SVXY to 3? Run that through the TOS analyze tab with current positions and see how it looks. Not a pretty site. Chances are slim but anything is possible with the chance of things going bump in the night over in North Korea or the South China Sea. Let’s be careful out there!
Options Expiration
#optionsexpiration
$TMUS 57/60 BUPS Thank you @prvtrader
$TECK 20.5 put Thank you @jsd501
$T 41.5 call (Covered – stock called away)
Have a wonderful spring weekend. First of many.
Thanks to all. Nice place to spend a few mornings each week.
#OptionsExpiration for March 24 $NUGT…
#OptionsExpiration for March 24
$NUGT 03/24/2017 17.50 calls
$SVXY 03/24/2017 95.00 puts
$SVXY 03/24/2017 115.00 puts
$UVXY 03/24/2017 45.00 calls
No assignments.
Have a great weekend everyone.
OptionsExpiration 3/24/17
#OptionsExpiration #Earnings #Assignment
Only losers to post this week! Yay!
FDX 190/195/200 iron butterfly… max loss.. and it looked so pretty on Wednesday…
PANW April 21st 135 puts, assign stock on 3 puts; still holding 1 put.
OptionsExpiration
Not a huge number of positions, but pretty nice profits.
$SVXY $95 puts
$SVXY $100 puts
$SVXY $115 puts
$UVXY $20 calls
$UVXY $23 calls
$UVXY $25 calls
$UVXY $32 calls
$UVXY $45 calls
Have a great weekend everyone. Had a hell of a week at work so headed to go work out then drink beer.
#OptionsExpiration #Weeklys #Mar24 – everything…
#OptionsExpiration #Weeklys #Mar24 – everything expired or was rolled for a profit this week. Looking forward to next week.
— Expired —
DUST Weekly Mar 24 2017 23 Puts
DUST Weekly Mar 24 2017 24.5 Puts
DUST Weekly Mar 24 2017 28 Puts
DUST Weekly Mar 24 2017 28.5 Puts
NUGT Weekly Mar 24 2017 7 Puts
NUGT Weekly Mar 24 2017 7.5 Puts
NUGT Weekly Mar 24 2017 8.5 Puts
NUGT Weekly Mar 24 2017 9 Puts
NUGT Weekly Mar 24 2017 10 Calls – Covered
NUGT Weekly Mar 24 2017 10.5 Calls – Covered
SVXY Weekly Mar 24 2017 65 Puts
SVXY Weekly Mar 24 2017 80 Puts
SVXY Weekly Mar 24 2017 85 Puts
SVXY Weekly Mar 24 2017 106 Puts
SVXY Weekly Mar 24 2017 107 Puts
SVXY Weekly Mar 24 2017 108 Puts
SVXY Weekly Mar 24 2017 119 Puts
SVXY Weekly Mar 24 2017 120 Puts
UVXY Weekly Mar 24 2017 22 Calls – Covered
UVXY Weekly Mar 24 2017 22.5 Calls – Covered
UVXY Weekly Mar 24 2017 27 Calls
UVXY Weekly Mar 24 2017 27.5 Calls
UVXY Weekly Mar 24 2017 32 Calls
UVXY Weekly Mar 24 2017 32.5 Calls
UVXY Weekly Mar 24 2017 34.5 Calls
UVXY Weekly Mar 24 2017 36 Calls
UVXY Weekly Mar 24 2017 38 Calls
UVXY Weekly Mar 24 2017 45 Calls
$UVXY #ShortCalls – UVXY could…
$UVXY #ShortCalls – UVXY could not quite get to 20 before falling all the way back to 18
Sold UVXY Mar 31 2017 33.0 Calls @ 0.26 – these expire next Friday
Sold UVXY Apr 13 2017 40.0 Calls @ 0.52
Sold 1 UVXY Apr 28 2017 35.0 Call @ 1.36
Sold 1 UVXY May 5 2017 32.0 Call @ 1.92
$SVXY #ShortPuts – WOW!! -…
$SVXY #ShortPuts – WOW!! – a brief drop to 128 on SVXY then right back up –
Sold SVXY Mar 31 2017 95.0 Puts @ 0.42 – these expire next Friday
Sold SVXY Mar 31 2017 99.0 Puts @ 0.63 – these expire next Friday
Sold SVXY Mar 31 2017 100.0 Puts @ 0.65 – these expire next Friday
Sold SVXY Apr 21 2017 78.0 Puts @ 0.70
Sold 1 SVXY May 5 2017 75.0 Put @ 1.15
Sold SVXY Jun 16 2017 52.0 Puts @ 0.82
#goldminers DUST Expired worthless Mar24…
#goldminers DUST
Expired worthless Mar24 $31 C sold today 0.25
Mar24 $30 C rolled to next week $31 C for 0.60 cr
done for week
#shortcalls #Volatility BTC Jan 2018…
#shortcalls #Volatility
BTC Jan 2018 $100 Calls for $57 (margin sale I didn’t see coming), sold $19.25 4 months ago. Once again held on too long expecting pullback that never came. Painful lesson. It has taken so many small trades to get wiped out in one extremely bad trade is disheartening.
UVXY calls
Sold May 5 32 calls @ 1.85. Highest strike.
SVXY
STO June 16, 50 puts @.70 cents. I am done for the day.
SPX trades
#SPXcampaign Sorry I haven’t been posting all trades last few days. Been pretty busy both trading and with other duties this week. In general, I have been rolling near-the-money put and call spreads, as well as selling some addition call spreads. This week was quite beneficial for me since I have been leaning short for a couple months. If we can stay in this range or go lower, I will be able to back out of all previously ITM call spreads next week.
Today:
Sold to Open $SPX April 20th 2420/2445 call spreads for 1.50
Bought to close March 31st 2355/2380 call spreads for 11.00. Sold for 16.75 on Tuesday.
#CondorRoll (wings sold separately): April 7th 2365/2390 calls for 8.35 and 2305/2280 puts for 3.10
Bought to close March 27th 2390/2415 calls for .20. Sold in a condor for 5.20 on Monday.
$SVXY
STO May 19 $70 put @ $1.25
Going to stand aside now until the close.
Earnings….already?
Starting to see a few earnings dates trickle in at TOS. Second week of April starts cranking up again.
🙂 🙂
More SVXY
Might be pushing it a little on the upside here but it’s the highest available strike for now. Went back to a fairly conservative upper trend line I’d forgot about on freestockcharts.com that I used to use for call selling. This should be safe but not a lot of breathing room…
#ShortStrangles – Sold SVXY MAY 5 2017 80.0/160.0 Strangle @ 3.00
$UVXY
STO Apr 7 $35 calls @ $0.35
STO Apr 13 $35 calls @ $0.45
$VIX – the VIX index…
$VIX – the VIX index has broken to a new March high, but SVXY, VXX and UVXY are not reflecting that. They are still inside yesterday’s ranges. However $SVXY Put buyers are getting more aggressive.
I’m currently selling May and Jun puts in the 60’s in size while just nibbling at other strike prices.
TECK
BTC March 24, 20.50 puts @.01 to avoid any possibility of assignment. Sold @0.53
SVXY
#ShortStrangles – Sold SVXY MAY 19 2017 80.0/170.0 Strangle @ 3.45
SVXY BUPS and Closing Early
#shortputs
$SVXY STO 5/1 81 put @ 1.25 Thank you @optioniceman
$SVXY STO 5/19 70 put @ 1.10 Thank you @jsd501
$USCR STO 4/21 55/60 BUPS @ 1.60 (“Hoping” CF leaving is innocuous and the “wall” is in)
#closed
$REGN BTC 3/24 370 put @ .70 STO for 3.61
$UVXY #ShortCalls – UVXY briefly…
$UVXY #ShortCalls – UVXY briefly rallied to 18.60, below yesterday’s high but I got more fills at the highest strike prices.
Sold UVXY Apr 28 2017 35.0 Calls @ 1.08
Sold 1 UVXY May 5 2017 32.0 Call @ 1.49
Sold 1 UVXY Jun 16 2017 60.0 Call @ 1.55
TLT
#PerpetualRollingStrangles – Liking these so much I’m increasing the position size a little…
Sold TLT MAY 19 2017 116.0/124.0 Strangles @ 1.65
$SVXY #ShortPuts – SVXY briefly…
$SVXY #ShortPuts – SVXY briefly dipped under 133 and I got some more fills
Sold SVXY Jun 16 2017 50.0 Puts @ 0.62
Sold 1 SVXY Jun 16 2017 60.0 Put @ 1.45
Sold SVXY May 19 2017 65.0 Puts @ 0.85
Sold 1 SVXY May 19 2017 80.0 Put @ 1.85
Sold 1 SVXY May 5 2017 81.0 Put @ 1.25
Sold SVXY Mar 31 99.0 Puts @ 0.44 – these expire in 1 week.
SVXY
STO May 19, 70 puts @1.10
svxy
STO May 19, 75 puts @1.75
STO March 31, 99 puts @0.38
STO May 5, 75 puts @ 0.90
Hat tip to Taylor
$SVXY $UVXY
STO $UVXY Mar 31 $23.5 calls @ $0.50
STO $UVXY Apr 7 $31 calls @ $0.33
STO $SVXY May 5 $75 puts @ $0.75
$SVXY #ShortPuts – a couple…
$SVXY #ShortPuts #OptionLadder – a couple of fills
Sold SVXY Mar 31 2017 99.0 Puts @ 0.38 – these expire in a week
Sold 1 SVXY MAY 19 2017 70.0 Put @ 1.10
Sold 1 SVXY MAY 19 2017 75.0 Put @ 1.30
Sold 1 SVXY MAY 19 2017 80.0 Put @ 1.75
Sold 1 SVXY MAY 19 2017 85.0 Put @ 2.15
$SVXY
STO Apr 7 $86.5 puts @ $0.40, adding to position
STO Mar 31 $100 puts @ $0.40
Looking for $UVXY opportunies.
When you absolutely, positively have…
When you absolutely, positively have to lose your profits overnight
#Earnings FedX trade turned sour… the peril of choosing to hold onto an #IronButterfly that is perfectly centered on Wednesday, for hopes of more decay and bigger profits on Friday…. BUSTED!
Closed the short calls for .60 yesterday, which was meant to protect me from upside but instead increased my loss. Total loss on trade will now be 1.50 rather than .90. Oh well. Not interested in taking assignment with the market uncertainty.
$UVXY #CoveredCalls – taking nice…
$UVXY #CoveredCalls – taking nice gains on this week’s calls and rolling them up a half point for next week.
Bought to close UVXY Mar 24 2017 20.5 Calls/Sold UVXY Mar 31 2017 21.0 Calls @ 0.69 Credit
Bought to close UVXY Mar 24 2017 21.0 Calls/Sold UVXY Mar 31 2017 21.5 Calls @ 0.63 Credit
Bought to close UVXY Mar 24 2017 21.5 Calls/Sold UVXY Mar 31 2017 22.0 Calls @ 0.55 Credit
Since these are IRA accounts, normally I would wait for expiration of this week’s calls and write new ones on Monday. But I have found that the premiums for 1 week options collapses over the weekend and the bid prices are much lower Monday morning than they are on the close Friday afternoon. I may leave a few dollars on the table buying back worthless options early, but net-net I think I come out ahead.
#longcalls FXE bought Cramer-influenced April…
#longcalls
FXE bought Cramer-influenced April 21 104 call for 1.31, lightly hedged by a 102 put for .12, FXE is at 104.78. There is a somewhat bearish trade at TT on FXE.
Weekend reading….
#Books – Stumbled onto an interesting book. Looks like a great plan for longer term non-option trading accounts. If nothing else it’s fun reading…especially the first chapter. I couldn’t agree more with it.
Rolled GLD
#PerpetualRollingStrangles – Yesterday…didn’t have time to post. More weekly dividends in a long term position. Almost 6 months into the GLD TLT “perpetual” experiment. I’ll try to get an update together. So far though, very low margin to carry these positions and estimating at least a 2-300 percent return on margin required. Now that’s a dividend!
Rolled GLD 120.5/113 inverted out to Apr 7th @ .47 credit.
WYNN adjustment
#ShortStrangles PerpetualRollingStrangles – Originally booked a big gain on covered stock and rolled the ITM calls to 105/100 inverted strangles. When WYNN broke higher I aggressively rolled the 105 puts up to 113. Now leaving the strikes the same and rolling a week for more juicy premium. At some point one side will expire and I’ll roll the remaining side into a new strangle. Earnings should be late April so just doing a week at a time until then…
Rolled WYNN 113/100 inverted strangles out to next week @ 1.35 credit.
New position is 113/100 inverted @ 4.88 credit.
$SVXY
I was in meetings so missed the opportunity at the close yesterday.
At the open STO Apr 13 $80 puts @ $0.35
SVXY
STO April 21, 80 puts @.60
STO May 19 75 puts @1.19
$UVXY #ShortCalls #VXXGame – a…
$UVXY #ShortCalls #VXXGame – a little bounce to 19 today
Sold UVXY Mar 31 2017 31.0 Calls @ 0.26 – these expire next week
Sold UVXY Apr 7 2017 35.0 Calls @ 0.36
Sold UVXY Apr 13 2017 35.0 Calls @ 0.49
Sold UVXY Apr 21 2017 41.0 Calls @ 0.41 – Highest strike
Sold UVXY May 5 2017 32.0 Calls @ 1.27 – Highest strike
Sold UVXY May 19 2017 30.0 Calls @ 2.09 – Highest strike
Sold UVXY Jun 16 2017 60.0 Calls @ 1.30 – Highest strike
Sold UVXY Sep 15 2017 60.0 Calls @ 2.75 – Highest strike
Sold UVXY Jan 19 2018 60.0 Call @ 4.35 – Highest strike
SVXY Sep
Sold $SVXY Sep 15 55 puts @ 1.60
#long put SVXY buy $110…
#long put
SVXY buy $110 Apr 07 put $2. I expect correction after all the “good” news is reported, anti-climatic.
#Bear Call Spread SVXY Apr…
#Bear Call Spread
SVXY Apr 07 120/130 calls sold for $7.05 – 2 weeks out
VXX game plays
#VXXgame Just dabbling. I want to reserve cash for a really big vol pop, if we get one. I’d rather not start in the hole.
STO SVXY April 21st 90 puts for 1.00
STO UVXY April 21st 31 call for .91
$SVXY #ShortPuts – sold some…
$SVXY #ShortPuts #OptionLadder – sold some on the late move down to 131
Sold SVXY Mar 31 2017 95.0 Puts @ 0.40 – these expire next week
Sold SVXY Mar 31 2017 99.0 Puts @ 0.58 – these expire next week
Sold SVXY Mar 31 2017 100.0 Puts @ 0.60 – these expire next week
Sold SVXY Apr 7 2017 86.5 Puts @ 0.45
Sold SVXY Apr 13 2017 85.0 Puts @ 0.65
Sold 1 SVXY May 5 2017 81.0 Put @ 1.10 – lowest strike
Sold 1 SVXY May 19 2017 80.0 Put @ 1.65
Sold 1 SVXY May 19 2017 75.0 Put @ 1.25
Sold SVXY May 19 2017 70.0 Puts @ 0.95
Breaking News: no health care…
Breaking News: no health care vote today.
SVXY
#ShortPuts #IRA – Sold SVXY MAY 5 2017 100.0 Put @ 2.75
#ironcondor followed from TT a…
#ironcondor followed from TT a big Lizard/iron fly as they say, May 19 13/24/24/27 for 3.25, break even at 20.25, SNAP is at 23.
$NUGT $DUST – a couple…
$NUGT $DUST – a couple of speculative trades in a quiet market. Both expire tomorrow
Sold DUST Mar 24 2017 28.5 Puts @ 0.15 with the stock at 31
Sold NUGT Mar 24 2017 8.5 Puts @ 0.11 with the stock at 8.96
$DUST #ShortPuts – rolled down…
$DUST #ShortPuts – rolled down another expiring position for a nice gain in the option being closed.
Bought to close DUST MAR 24 2017 36.0 Puts/ Sold DUST APR 28 2017 34.0 Puts @ 0.58 Credit.
Positions further in the money are tougher to roll, but it is still possible.
FedX earnings trade
#Earnings Closed the $FDX March 24th 195 calls for .60. Sold in the 190/195/200 iron butterfly for 4.10 on Tuesday. Now waiting for a rally back to 195 to get out of the short puts. Remnant order in to sell a long 200 call for .07, then higher prices if it keeps moving up.
$DUST #ShortPuts – rolled down…
$DUST #ShortPuts – rolled down some expiring positions for a nice gain in the option being closed.
Bought to close DUST MAR 24 2017 32.0 Puts/ Sold DUST APR 13 2017 29.0 Puts @ 0.10 Credit.
Bought to close DUST MAR 24 2017 33.0 Puts/ Sold DUST APR 13 2017 30.0 Puts @ 0.10 Credit.
Only added a few weeks to the expiration date and moved the strike price down 10%.
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY May 19 2017 75.0 Put @ 1.25.
Spx Chart
My SPX chart as of today….a double top, kind of..that could sell off to the 61% fib at 2300..2 candle closes below the 34ma..usually the 34ma holds support..if support breaks and fails, a good chance of a sell to the 61% at 2300..
my indicators signalled a selloff 4 days ago..as well as the skew stat I posted …
if the 38% fib is support and holds, which is quite likely, as SMI is about to bottom and roll..I’ll sell BUPS…If the 38 breaks down, I’ll hold my Long put and wait for the bottom at the 61% Fib..also the 34ma isnt signalling a down trend..yet..a hopefully good sign for a bounce..
Another day in YM-Ville
While the VXXY boys were rolling in the dough…I played around in the Futures Playground..
Made 180 YM points thruout the day..attached is my chart of the ups and downs…
My april 2200/2300 BUPS is in decent shape, My long may 2400 delta 70 put is in excellent shape..
all in all, not a bad week for me…
Options Bistro 