A Trade

[donnap]

Buy back at 6.50.

 

[donnap]

Buy back short Aug call at 3.00. So now it's the ratio spread + the long Aug 2000C. I can park it here. Nap time!

 

[donnap]

Hmm...I figured it would rally this afternoon. Got that one wrong. I was thinking of selling the Sept5 1990P for about 8, rather than buy back the call. But then I'd still be trading and I wanted to sleep.

 

[convexx]

Good chance of 90-92 SPX tomorrow. DAX should give back the majority of today's gains.

 

[donnap]

Good chance of 90-92 SPX tomorrow. DAX should give back the majority of today's gains.

Sounds good to me.

 

[donnap]

Short 200s SPY at 200.33

 

[donnap]

Sell 3 sep5 SPY199P at .61

 

[donnap]

Still testing stuff out. The 200s sale was off a funky signal that sometimes works. The put sale still gives plenty of downside, but can be scalped. The better short ain't here yet.

This is like a paper trade with real money. Got to give some serious thought about the long ES Aug. call. I like it there, but I don't like it there, you dig?

I'll repeat, the call ratio spread was a bad idea from the start. But I'm learning from this trade.

 

[donnap]

The comms on the 200s were 1.89??? The comms on the put sale were .42 ea. Total costs are now about $50.

 

[donnap]

Sold the Aug ES call at 3.50