regarding that open SPY PUT option trade you could either close
it out for profits on the open or wait to see how the market reacts
today in case it ends up being an ugly Friday
good man - that's why I think of showing on the website for the
trade lists, minimum 2 contracts makes sense then you have ability
to take scale out (like I have been doing lately with the systems)
and keeping one.
a while back for the MES system trades I took the base amount up
from 1 to 2 contracts, I should do that for the options as well
take it up from 1,2, 3, to 2, 4, 6 - that way
yeah LOL on that ETF retraction yesterday, at least we had to
keep the PUT's
I had forgotten that the Hi Mid Lo triggered a 1st entry short
on ES yesterday, which we didn't take because it's not the version
we typically use, I might have elected to keep that ETF. But the
option ended up being the better bang for buck anyway - SH moves
like molasses
I sent out an alert to sell 1/2 that SPY put option, for those
who did one than 1, I will make a decision later today to hold over
weekend or just close out
Those SPY put options for Dec 16th 390 Strike are now NICELY
profitable! Was purchased yesterday at 25.6, now trading at 28.6.
You can either choose to close it out there for nice profits, or
hold a bit longer and see how Friday develops.
either way don't let that option go back to your entry price
should the market bounce - if the market starts to reverse up make
sure to take it off for some sort of profit
regarding that open SPY PUT
System trade retraction
Posted by matt on 7th of Oct 2022 at 09:29 am
regarding that open SPY PUT option trade you could either close it out for profits on the open or wait to see how the market reacts today in case it ends up being an ugly Friday
thx Matt, sold 1 holding
Posted by morton7 on 7th of Oct 2022 at 09:39 am
thx Matt, sold 1 holding 1 over
good man - that's why
Posted by matt on 7th of Oct 2022 at 09:41 am
good man - that's why I think of showing on the website for the trade lists, minimum 2 contracts makes sense then you have ability to take scale out (like I have been doing lately with the systems) and keeping one.
a while back for the MES system trades I took the base amount up from 1 to 2 contracts, I should do that for the options as well take it up from 1,2, 3, to 2, 4, 6 - that way
just sold the 2 option.
Posted by morton7 on 7th of Oct 2022 at 09:48 am
just sold the 2 option. nice trade will pay for a subscription for a long time :-)
Nice and LOL
Posted by retirefire on 7th of Oct 2022 at 09:49 am
Nice and LOL
yeah LOL on that ETF
Posted by matt on 7th of Oct 2022 at 09:57 am
yeah LOL on that ETF retraction yesterday, at least we had to keep the PUT's
I had forgotten that the Hi Mid Lo triggered a 1st entry short on ES yesterday, which we didn't take because it's not the version we typically use, I might have elected to keep that ETF. But the option ended up being the better bang for buck anyway - SH moves like molasses
that SPY PUT now trading
Posted by matt on 7th of Oct 2022 at 09:50 am
that SPY PUT now trading for $30, was $25.6 yesterday
SPY Put - Hi Mid
Posted by elementsix on 7th of Oct 2022 at 10:00 am
SPY Put - Hi Mid Lo - Sounds like a bunch of us "accidently" covered for nexts year's subscription cost with that trade! #WhatPriceIncrease
I sent out an alert
Posted by matt on 7th of Oct 2022 at 09:55 am
I sent out an alert to sell 1/2 that SPY put option, for those who did one than 1, I will make a decision later today to hold over weekend or just close out
Those SPY put options for
Posted by matt on 7th of Oct 2022 at 09:35 am
Those SPY put options for Dec 16th 390 Strike are now NICELY profitable! Was purchased yesterday at 25.6, now trading at 28.6. You can either choose to close it out there for nice profits, or hold a bit longer and see how Friday develops.
either way don't let that option go back to your entry price should the market bounce - if the market starts to reverse up make sure to take it off for some sort of profit
Steve Miller time ... take
Posted by retirefire on 7th of Oct 2022 at 09:37 am
Steve Miller time ... take the money and run Thanks Matt! will reevaluate by Steves ES levels next
ha ha nice - good
Posted by matt on 7th of Oct 2022 at 09:41 am
ha ha nice - good song too
A great trade!
Posted by steverobin on 7th of Oct 2022 at 09:31 am
A great trade!