I have used options but ATM or slightly in the money 2 months
out...but only after the first buy signal on the SPY system.
Concurrently I used SPY. I was very lucky on the 3rd and 4th
entry but I did not wait for a sell signal to dump the
options. When I made a considerable profit I counted my
blessings, sold out and let the SPY ride. I did pick up 20
contracts on the second sell signal Friday and will not hold them
long. I guess it is really up to your own comfort
level. So I use SPY primarily and "play with" options if
it looks very very promising on the second to fourth signal.
So far, so good, but again I stay within my own comfort zone.
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Spreadsheet Updated
Spreadsheet Updated
Posted by Robert50 on 1st of Aug 2011 at 06:29 am
I have used options but ATM or slightly in the money 2 months out...but only after the first buy signal on the SPY system. Concurrently I used SPY. I was very lucky on the 3rd and 4th entry but I did not wait for a sell signal to dump the options. When I made a considerable profit I counted my blessings, sold out and let the SPY ride. I did pick up 20 contracts on the second sell signal Friday and will not hold them long. I guess it is really up to your own comfort level. So I use SPY primarily and "play with" options if it looks very very promising on the second to fourth signal. So far, so good, but again I stay within my own comfort zone.