A good spot for a call/straddle

Short term
Im opening a call position here and will close if the channel breaks.

Trade active

I'm closing half my position here, which garanty me a break even at worst.

Note

We already closed half the position for 100% profit. The 260 breakout occurred this morning. This is what we are looking at for the remaining.

Note

Something to watch carefully; I talked about money moving from bonds to stocks and vice-versa. So, we had a breakdown in #TLT this morning but now the gap filled and the support is being tested. If it was to hold and bull, SPY would likely fall.

Note

SPY is in a wedge; could be a flat day. Still early, but the last 15 minutes could tell us the direction for tomorrow.

Note

I'm opening a small put position with today expiration (very risky). I just wanna play the wedge, i remain long for the end of the week unless channel is broken.

Note

Stop loss. I closed my day trade (puts) on SPY. -25%

Trade closed manually

I closed the remaining of the position.
Trade results
Half @ +100%
Other half @ +117%
Return on trade: +108.5%

tipere445

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tipere445

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