Wednesday, February 20, 2013

Thinking About Taking Some More SPY Weekly Puts Off

CONTEXT for ES doesn't look good...
We're at nearly a 10 point differential between the model and ES itself.

However, interestingly High Yield Corp and Junk Credit are performing better today than you'd think, especially given COTEXT. I'm not sure at all what that means, but there are positions in place to handle a bigger break to the downside and even at a 35 or 40% 1-day gain, I can't cry about that.

I may take something along the lines of half off and give it some more time, I'd really like to get to the point of just taking all of the entry price off and let profits run in to 2 p.m. when the minutes come out.


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