MCP Trade Update

First this only is relevant (for me) to the March MCP $5 calls which I decided to leave open yesterday, the MCP equity long will stay open.

I may close the calls if the charts go negative intraday, so far they are strong, but a bit too parabolic.

Compare the Market Averages intraday charts to MCP...

 QQQ intraday going negative

IWM already negative

SPY intraday negative

MCP intraday perfectly in line, but price is a bit parabolic so far.

The 3 min chart looks good so I'd probably need to see 1-3 min go negative before I'd close the March Puts and feel pretty convinced that it's going to pullback.

For now it's something to keep an eye on with  a pretty decent gain there.