GIFTEC

SPY WEEKLY OPTIONS TOP AT 207?

AMEX:SPY   SPDR S&P 500
SPY             TOP at 207?
SPY             overbought at resistance?
SPY             April 15 207 P @ $.85

RISK DISCLAIMER
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.

http://topandbottomtradesignals.net
Comment: SPY ran up to 208
SPY April 15 207 P is now at @ $.38

RISK DISCLAIMER
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.

http://topandbottomtradesignals.net
Comment: I had 208 as a price target for SPY in one of my other posts.
I should have followed my own advice a bit more closely on that one.
Comment: Friday can be a down day after an up week so I think 208 should be resistance
heading toward the weekend.
I will stick with the short position for tomorrow and Friday.
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