Sideways to bearish move likely today

Updated

View Mostly sideways to bearish after the sharp uprun. Market might correct and test the new CPR in the immediate term.

Sold a FAR OTM CE hedged as I always do.

No Strangle so far. If view goes wrong by sustaining above VWAP for the next 1 hour might take a PE position.

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Held to the view.. Sideways mostly. Decay of CE has gone well. Selling a far OTM PE looking at the sideways move with Strict SL.

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The Weekly R1 has held the resistance..

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Good decay on both sides so far.. PE now decaying as the push to upside kicks in at 12pm. Interesting to watch if BNF breaks Day high.

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Day high taken out but volume is not giving me the confidence to go long. CE Trailing SL hit. If the it reverses back might get back to the CE Short. Holding PE short for now.

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There is just no steam in the market :) Cant play directional shorts till some momentum comes in..

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Next possible change at 2pm. Lets see if volatility kicks in.. Its been an eventless market so far..

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It did Breakout but again Volume?? PE is still decaying as it should

Trade closed manually

closed all positions.Market did reverse and move above morning High but held so far without going for the Gap. LIkely move on Wednesday.

yrdvas

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