Friday, October 5, 2012

SPX new monthly trade, Oct/05/2012

Trade update (Oct/09/2012):

Closed for $4 today morning for  100% profit
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Wanted to get into SPX trade as we were making a double top and coming down a bit. SPX does look like it's overbought. Usually mondays have been down days recently, I may get out of it on monday or keep it for longer. I wanted to get in as a hedge in case I play some upside moves for the next week.

SPX daily chart (Double top)












Trade:
Buy 1X 1450 Oct put
Sell 1X 1440 Oct put
(paid $2)

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