SPY APR 8 204 P @ $.90
bought on break below 204 support
Also proprietary TOP signal received this morning
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
Will see how end of day goes and what happens expiration day tomorrow.
Close to getting proprietary BOTTOM signal
$1.30 option high for the day
Will see what happens tomorrow - expiration Friday
This position is no different and the position would have been closed yesterday with a profit.using a trailing stop.
SPY 203 turned out to be a bottom.
WE now have a proprietary BOTTOM signal.
Obviously opening a long position at the end of the day yesterday would have been the prudent thing to do.