mortlightman 10:25 am on Monday, April 2, 2018
Tags: SPXcampaign ( 2,265 )

SPX

BTO May 18 2770/2790 1.55 & 1 for 1.50
A Jeff trade, looking for a big run up. When I can cash out I will close 1 and let 1 run if conditions warrant

Jeff 11:19 am on Monday, April 2, 2018

Thanks, Mort. I was looking for a long to buy and you picked a good one.

BTO $SPX May 18th 2770/2790 for 1.45.

#SPXcampaign
- mortlightman 11:23 am on Monday, April 2, 2018
  
  Learned it from you
  - Jeff 11:26 am on Monday, April 2, 2018
    
    And you executed the last one much better than I, by exiting with a decent profit. I was greedy and was waiting for a lottery ticket.
    
    Doubled my position by adding more for 1.50. Will exit half around a triple and hold the other half for at or near max profit closer to expiration.
    - mortlightman 11:29 am on Monday, April 2, 2018
      
      Lets hope we have that choice
      - Jeff 11:35 am on Monday, April 2, 2018
        
        The only way this would NOT be a triple is if we enter a true crisis. Although anything is possible, I doubt that is about to happen. I would guess the earliest possibility for a crisis would be 2019 or 2020, if at all.
        
        My guess is that, even if we go lower from here, we will have some violent UP days mixed in, and this spread will triple.

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