5/15
I closed the trade .48 with loss of -92%
4/27
This market cannot make up its mind on whether it wants to go up or down. This type of chopping kills the put value with decay each day.
As evil spectacular says here
why don't the market make up its frackin mind.
While the PUT is down 5% my call spread is up about 15-20% depending on where the RUT is trading.
4/16BOT IWM 100 MAY 09 48 PUT @2.70 NASDAQ, IWM MARK 47.39
I entered on the May 48P IWM @ 2.7.
Reason: Think that a pullback is inhand after reaching the 127% expansion.
Risk Management:
Loss Exit: Exit if close above 48 near high of today (47.69)
Profit exit: exit on the longer timeframe 68% retracement of 45.17 (4.7% tracement from today's close)
Here is a graph of the IWM with annotations:
0 comments:
Post a Comment