The IWM calls were filled at $2.02 so the portion closed made 31% since yesterday, the QQQ position was filled at $1.24 so it did a bit better than above at +29%.
This 1/3rd closed is basically is the second addition yesterday of half (what would be about 1/3 of the current total) that was added later and put the position a bit above the normal spec. size, so closing it on some momentum doesn't bother me, it actually feels good to be back where the position size was intended to be.
With the gap coming up I can certainly see losing momentum and losing momentum is not good with these weeklies.
As I said in the last post, I think the SPY and DIA will rotate in a bit and show some better relative performance.
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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