With the coming of the biggest eclipse that we will ever see, a lot of wild prophecies and other conspiracies are awaiting to be fulfilled. Im no Astrodomes but i know a bear flag when i see one. Hopefully a nice dump is the worst thing we will see when this eclipse happens.
Small position a week out targeting $520 range on
SPY
Small position a week out targeting $520 range on
SPY
Trade active:
Meant to buy a week out but accidentally got a few days out.
$522 P EXP 4/03
If it does a significant drop towards EOD i will close.
$522 P EXP 4/03
If it does a significant drop towards EOD i will close.
Trade closed: target reached:
Woke up this morning to almost a 300% gain! Great trade and glad a decided to hold even after that crazy afternoon pump yesterday. It didn't look like the PA was going to hold which is why I decided to hold. Gratz on anyone who took this trade.
Comment:
Looks like lighting might strike twice. Another bear flag formation today. Waiting to see if there will be an afternoon pump for better entry.
Trade active:
There it is. Got in on $512 P exp 4/9. There may be a chance that the PA may go up more tomorrow. May add more unless I see conflicting data.
Comment:
Alot of conflicting data showing today. I did notice a bull flag forming, however, I was hesitant to make a trade off of it due to the momentum seemingly drying up. On top of that, the previous dump that happen yesterday makes me believe this is more of a bull trap. Decided to just watch and not add or close anything. Still holding contract and will see how tomorrow plays out.
Trade closed: stop reached:
Crazy dump today help me mitigate some losses. If my contract was extended to the end of next week i would hold but theta will be eating me up. Gratz to anyone who had a better position on this than i did.