Feb 15 #Fuzzy Land
Whew! Sea sick anyone?
1. Closed yesterday’s SPY #AtomicFuzzy for 41% profit on the core trade, total of $580. During the brief market swoon today I thought I’d take the profit. I didn’t anticipate the huge up move that followed.
My future Atomics will be set with April expiration unless I specifically want a quick flip.
2. Opened a new AAPL Atomic Fuzzy: Apr 170/170/165 @ 6.39 x 2, 180/185 Call Credit Spread @ 1.35 x 4. AAPL had a nice MACD cross today on the daily.
3. Closed the 15 DIA Fuzzies that I opened yesterday for a $1700 profit.
4. Rolled hedges on the AAPL and FB fuzzy bears that are taking heat.
My CLOSED fuzzy total for the quarter now is $26,454. I sure would like to reclaim that 50-handle…but I’m still being cautious. This string of powerful up moves….not a single one of them is a 1-standard deviation move. How can that be, you ask? The down move on Feb 5 was 5.4 standard deviations….as long as that bar stays in the SD average for compilations, it will affect all other bars printing. So, even though I’m looking for 3 1-SD up bars to confirm the rally, I have to keep in mind that the bars are being tamped down by that massive Feb 5 bar. Any indicators that you use that are tied to standard deviations will be seeing the same skew.