Friday, March 22, 2013

SPY March $155 Calls Closed-Fill

Remember earlier I closed half the position, this is what was left, the fill was $1.29 so the gain was a bit better at +31.6%- not bad for a day, this is what I mean whwn I say, "Take what the market gives", not every trade is going to be a swing trade or a trend trade, the market dictates the conditions, the signals give us high probability trade ideas and using the right vehicle makes the trade work or at least gives it the highest probabilities, in other words, STAY FLEXIBLE, NIMBLE AND OPEN MINDED.

PLEASE, IF YOU END UP BUYING AND SELLING THE SAME DAY OR SHORTING AND COVERING THE SAME DAY, IF YOU MAKE ANY DAY TRADES, PLEASE BE SURE YOUR ACCOUNT IS REGULATION "T" COMPLIANT.



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