LAST WEEK WAS A MONDAY REVERSAL, BUT AS OUR MODEL PREDICTED TUESDAY WAS THE LOW FOR THE WEEK!
NOW MONDAY LOOKS TO OPEN BELOW FRIDAY'S HIGH, AND OUR MODEL IS PREDICTING UPSIDE TO START THE WEEK WITH MONDAY NOT BEING THE HIGH FOR THIS WEEK.
WE WILL BE BUYING NOV 20TH 295 CALLS ON ANY MOVE DOWN.
WE WILL SCALE INTO THESE CALLS UNTIL A LOW IS ESTABLISHED.
WE WILL START WITH SMALL BUYS AND INCREASE THE SIZE AS THE MARKET MAKES ITS FIRST MOVE DOWN AFTER THE OPEN.
GOOD LUCK!
NOW MONDAY LOOKS TO OPEN BELOW FRIDAY'S HIGH, AND OUR MODEL IS PREDICTING UPSIDE TO START THE WEEK WITH MONDAY NOT BEING THE HIGH FOR THIS WEEK.
WE WILL BE BUYING NOV 20TH 295 CALLS ON ANY MOVE DOWN.
WE WILL SCALE INTO THESE CALLS UNTIL A LOW IS ESTABLISHED.
WE WILL START WITH SMALL BUYS AND INCREASE THE SIZE AS THE MARKET MAKES ITS FIRST MOVE DOWN AFTER THE OPEN.
GOOD LUCK!
Trade active:
WE BOUGHT THE 295 CALLS AS OUR MOP MODEL ADVISED BEFORE THE OPEN. WE SOLD 1/4 OUR POSITION INTO THE CLOSING HIGH. WE ARE GOING TO SELL 1/2 OF OUR POSITION INTO THE FIRST HIGH THIS MORNING AS WE EXPECT A MID MORNING PULLBACK. IF THE MORNING LOW IS ESTABLISHED WITHIN THE 1ST 90 MINUTES WE WILL ADD TO OUR 295 CALLS AGAIN, BUT IF A NEW LOW IS ESTABLISHED AFTER 90 MINUTES WE WILL LOOK FOR THE LOW TODAY TO OCCUR IN THE LAST 60 MINUTES TUESDAY.