nassau35

New Position with 5% buffer to the down side.

AMEX:SPY   SPDR S&P 500 ETF TRUST
This is another posistion based not in new or in any other indicator but only the cycles of the market, at this moment we can see that the momentum indicator is in the over sold and today we have a down move a very little down move, the implied vol was up a little bit so in order to obtain quick gains until the end of Feb the option spread si ready for 5% buffer to the down side, if goes up, side ways or down but not more thn 5% we earn money. We'll see beacuse you know who know to which directions the market will go. Nice trading.
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