How the Spyders (SPY) Unfolded.
4 responses | 2 likes
Started by mikempt - Dec. 14, 2017, 6:54 p.m.

The daily chart was looking toppy,so I switched to the 60 minute chart and waited for the stochastic to crossover above 80. I bought pust is a rising market,made them cheap. I don't care for options models since they are based on interest rates,which are basically zero. Black Scholes  is useless in today's market.

By dietandexercise - Dec. 18, 2017, 9:09 p.m.
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If I did not have the insight to profit from a wicked bull market, then I have no business trying to call its top. My blind spot then becomes wrongway bias. For me, anyways. 

How are you handling these puts as a strategy to limit loss now. Or are they smoked out?

By mikempt - Dec. 19, 2017, 11:59 a.m.
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I had a limit in for 20% plus $15.30 which took me to $2.47. I was stopped out at $2.48 for a profit of 20%

By dietandexercise - Dec. 19, 2017, 12:33 p.m.
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Now, that's what being nimble is all about. Thank you for following up to completion. Jolly good show!