Option expiration week is high risk - reward equation. Market is continue to rise, and the gains are about best in a decade for the similar period. We will know next week if it is sand bagging or real momentum.
As expected, eBay did well in today's market.
As expected, eBay did well in today's market.
We opened a position around 10:30AM today and soon after it traded 5% lower. Per my experience, the best time to open calendar call is either between 11:30 to 12:00 EST or 30 minutes before the market close. It was a good reminder to read my rule-book, anyway; spread closed at breakeven today, and we are on track for 10% gain within a week.
Overall, market is hitting the resistance, and a pullback is not ruled out. I am actively looking forward to opening VIX (Volatility) and GLD (Gold) positions. Gold is showing weakness; I'd be in for any 2% drop. Volatility is under 20, and I want to take a contrarian call on VIX.
No comments:
Post a Comment