Wednesday, September 24, 2014

Sept 24 - Closing update, exited short term positions

A strong spike up from oversold conditions today.  Closing QQQ Sept 26 strike 97 calls at 2.82, entry 2.02 (yesterday close) + 2nd position opened this morning.  Also daytraded SPY 194 Sept calls from 4.92--->5.53.  Exited all trading positions as we are right at the 50% retrace and moderately overbought on the 30 min timeframe as we could easily retrace tomorrow.  For the very short term trades, the easy money was today.  Will wait and see how things turn out tomorrow as I will continue to remain directionally agnostic.

No comments:

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...