All the three major indices did very well yesterday. It is the bounce I have waiting for. The credit spreads (Bull Put Spreads) that I have been playing on the SPY since the last few days were in the red before yesterday's move. Currently, most of them are back in the black.
Even my sold naked Puts on STP are now either in the black or pass the breakeven point.
With the current price action, I expect the market to go up today and perhaps tommorrow.
Cheers !
PersianCat (Millionaire-in-progress)
Trade Like A Persian Cat reminds me that I should be like a Persian Cat, waiting for the right setup to trade and not act on impulse. This blog documents my trades, thoughts and reflections in playing Options in the US Market. "Bulls make money, Bears make money, Pigs Get Slaughtered, Cash is King"
Who Am I ?
Interesting Read
- Are You An Academician Or Practitioner?
- Are You Winning The Battle?
- Comic Strips
- Guidelines For Intraday Play
- How The Markets Really Work
- Jewish Holidays 2012
- Optionquest Online Game
- Play One contract only !!!
- The Average Investor Mentality
- The Market Cycle
- US Market Holidays 2012
- Who Are You Trading Against?
No comments:
Post a Comment