Did a Buy-Write of SPY at 105.59, sold 106 Nov calls at 2.19 -- net investment of 103.4. Given our position on the trend line I went a little bit more aggressive, selling an OTM call.
Thursday, October 29, 2009
Trading the trendline -- ready for the next round?
I'm wondering how many traders are watching the S&P 500 trend line these days. I'll bet a lot are. Becomes a self fulfilling prophecy--for a while... Click to enlarge.
Did a Buy-Write of SPY at 105.59, sold 106 Nov calls at 2.19 -- net investment of 103.4. Given our position on the trend line I went a little bit more aggressive, selling an OTM call.
Did a Buy-Write of SPY at 105.59, sold 106 Nov calls at 2.19 -- net investment of 103.4. Given our position on the trend line I went a little bit more aggressive, selling an OTM call.
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