yet another option would be to close out the option trade since
it's up 2.5 times the ETF. and keep the SPY shares with a
stop simply at entry price yesterday breakeven since the ETF isn't
up that much. again depends on the size you did, I show 10K for
simplicity, if you put 50K in it or 100K then you would have
substantially more
remember my comments from earlier in the week, I said one could
just keep the ETF shares from the SPY system with a stop at
breakeven because I thought the market was going to go higher, was
a good call.
honestly I should have just done that for the website, close out
the option, but keep the ETF with a stop at break even since I
think we push higher. oh well, at least we booked another one,
that's 7 trades on ETF's and options or 14 total since May 8th.
yet another option would be
SPY System exiting at the close
Posted by matt on 23rd of Jul 2019 at 03:42 pm
yet another option would be to close out the option trade since it's up 2.5 times the ETF. and keep the SPY shares with a stop simply at entry price yesterday breakeven since the ETF isn't up that much. again depends on the size you did, I show 10K for simplicity, if you put 50K in it or 100K then you would have substantially more
remember my comments from earlier
Posted by matt on 26th of Jul 2019 at 11:40 am
remember my comments from earlier in the week, I said one could just keep the ETF shares from the SPY system with a stop at breakeven because I thought the market was going to go higher, was a good call.
honestly I should have just
Posted by matt on 23rd of Jul 2019 at 04:14 pm
honestly I should have just done that for the website, close out the option, but keep the ETF with a stop at break even since I think we push higher. oh well, at least we booked another one, that's 7 trades on ETF's and options or 14 total since May 8th.
Just stick to the rules
Posted by sonofrebel on 23rd of Jul 2019 at 04:16 pm
Just stick to the rules you have worked so hard on - and leave it to us to break them!
aha ha ha, good point
Posted by matt on 23rd of Jul 2019 at 04:25 pm
aha ha ha, good point