Not a very accurate statement. Oversimplified. Partly hedged, over a range.
Well, I'm ready to wrap this up. I intend to close positions by tomorrow AM and roll out to positions beyond Sept. expiry.
Some of my fav. parts of trading are plotting, planning, and testing.
I still don't have a handle on the long term of the stock market, I'll study that more. But I've come up with a plan, finally, to use what I've got.
Posting so much is a distraction, but I got a lot out of it. I'll try to post the close out of the trade. Perhaps I'll post a few trades to see if I can't scalp more than a few ticks, lol. A few more posts on thoughts, as well. But I'm mostly done for now.
BTW, the initial ratio spread that I got a 300 credit for and was so worried about, was worth about a point (+50) today. Ironic, ain't it.
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