Wednesday, November 3, 2010

Trades For This Week

Greetings all!  I am sorry this space has not been updated in quite some time.  Unfortunately, life has gotten in the way.  However, I did want to update you on the trade I am making:

I am trading out of my December SPY $102 CALLS.  I am exiting this trade at $17.31 for a gain of 34.19%.  I think we are set for a pullback post-election/FOMC meeting, and will look to add some longer-dated in-the-money calls in SPY if and when the conditions present themselves.  I may even buy some out-of-the-money PUTS in the next day or so.  We'll see.  I will update this space more thoroughly this week, as time presents itself.