well too bad I wasn't able to send the option trade out because
it was too late, but congrats if you took the 2nd entry via SSO or
some other instrument.
I'll keep you posted about what the 3 systems do - well actually
another system took a 1st entry yesterday so that's 4 now.
I'll probably elect to exit 1/2 when one of the systems exit and
keep 1/2 by another like the QE BTS, which has the strongest stats
of the 4
Posted by elementsix on 1st of Dec 2021 at 09:44 am
SPY Systems - I took another entry EOD since the systems were so
close to triggering. Market looked ripe for another bounce after
yesterdays action. Nice pop at the open.
No worries, the info is still useful. I sold some SPY
puts(expiring today) this morning, taking advantage of the high
premium. If the market moves down substantially I'll be in at a
lower price, if not I get the premium. I should probably have taken
an SSO position, but maybe next time
Guys for one of these systems to trigger an exit we need to see
a close above I think the 8 day SMA - we are not there yet, but
that gives you a gauge to keep an eye on
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well too bad I wasn't
SPY systems etc
Posted by matt on 1st of Dec 2021 at 09:29 am
well too bad I wasn't able to send the option trade out because it was too late, but congrats if you took the 2nd entry via SSO or some other instrument.
I'll keep you posted about what the 3 systems do - well actually another system took a 1st entry yesterday so that's 4 now.
I'll probably elect to exit 1/2 when one of the systems exit and keep 1/2 by another like the QE BTS, which has the strongest stats of the 4
SPY Systems - I took
Posted by elementsix on 1st of Dec 2021 at 09:44 am
SPY Systems - I took another entry EOD since the systems were so close to triggering. Market looked ripe for another bounce after yesterdays action. Nice pop at the open.
No worries, the info is
Posted by jj4376jc on 1st of Dec 2021 at 09:39 am
No worries, the info is still useful. I sold some SPY puts(expiring today) this morning, taking advantage of the high premium. If the market moves down substantially I'll be in at a lower price, if not I get the premium. I should probably have taken an SSO position, but maybe next time
I went long in the
Posted by matt on 1st of Dec 2021 at 09:43 am
I went long in the after hrs - it trades to 8 pm, I didn't wait that long, I bought around the time I emailed out.
as far as selling puts I agree, I would like to eventually employ additional option strategies like that or even collars where if we go long options
Guys for one of these
Posted by matt on 1st of Dec 2021 at 09:46 am
Guys for one of these systems to trigger an exit we need to see a close above I think the 8 day SMA - we are not there yet, but that gives you a gauge to keep an eye on