ES Journal Archive (2009 - 2010)

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Quote from volente_00:

still early, 109-111 if it were today. So 111 or lower. Need put interest to swell on calls or fall on puts to increase probability for lower.


Still stuck in the range.

May get a bump up to 110-112 range for next week.
 
Bought the spy Dec 111 put for $ 130.00. I like this better than the holding the futures over the weekend. Also, due to time decay, the option is not that expensive, so I can risk vs reward is about equal. Stop is obviously the cost of the option, however, I may give through Wed to prove itself and take a stop based on time. Target is to sell it around $ 260 but target is also subject to time.
 
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