It was just Friday that I bought the puts, late Friday is when the positive divergence developed and my theory on the head fake breakout, so the weakness this morning put those March $550 puts at a 15% gain, which I'll gladly take for a day's work.
Here's the link to the trade on Friday
As mentioned, I'll be looking for a place to reposition, I'm expecting and hoping for a head fake breakout move first.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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