QuantitativeExhaustion

SPY Weekly Expirations Continued, Looking for a Gap Up

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
11
At the end of the day executed CALL positions. Purchased 100 CALL contracts for 144 strike and 70 CALL contracts for 143.50. Would have liked to purchased more, however I've noticed large orders are getting sideswiped by smaller faster orders. So in this case, I broke up my orders into two different strikes without breaking my rules.

Will be selling as soon as price targets green traingle. If price does break above first heavy resistance red line, I'll wait for quick retest and most likely roll-over calls into deeper out-the-money CALLs for Dec. 22 expiration (maybe 147 to 150's).

Also Eur/Usd might trigger a short squeeze which would push SPY higher. The two pairs have had a high correlation. http://fxtrade.oanda.com/analysis/open-p...
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