Quick Update

Intraday we should get another move toward the downside and probably soon, I'm not sure whether it will matter in closing those puts to try to hit that move as decay is probably just as big of an opposing factor and volatility.

In any case, it may be worth some calls or leveraged longs though, but again I have to stress the risk on long positions here is pretty high and it's crumbs, not a swing trade of a week or two, it looks like real crumbs, almost market noise.

If I were a swing type trader, I wouldn't get involved at all.

That being said, any market upside should set up some core short positions, THAT'S WHERE MY MAIN FOCUS WOULD BE RIGHT NOW, THIS IS THE MAIN TREND, THE POSITIONS THAT ARE SWING AND MORE LIKELY TREND.

I put out a number of ideas because we have a number of different traders with different degrees of risk tolerance and differing degrees of time they can spend watching the market, any short term trades (mostly anything levered via options or ETFS) is going to be short term and you need to be able to watch them closely as they'll likely end fast.

Core short or even long positions are a different story, those are the set up for the primary trend and some that set up already won't see better entries, their best entries came and went, but there are still plenty that are just a fraction r a few percent away from their best entries, IT'S NOT SO MUCH ABOUT GAINING AN ADVANTAGE OF A FEW PERCENT ON PRICE, IT'S THE TIMING, THE LOWER RISK AND OF COURSE THE BETTER PRICE POSITIONING.

KEEP THIS IN MIND AS DIFFERENT OPPORTUNITIES ARRISE.