Vertical Spreads for Aggressive Growth

[Cache Landing]

Any 10+ point bounce and I'll be offsetting/converting my SPX bull puts.

Looking for B/E on a poorly timed QQQQ trade.

Still looking for the support to hold for AAPL, probably converting to a bear call if I get the opportunity.

Looking for a metals rally for PAAS. In my personal acct. I also have some short straddles that I'm looking to convert.

I certainly don't like the fact that HPQ jumped back above 32 and stayed there during the market weakness. I opened it as a hedge trade but it isn't serving it's purpose.

As I mentioned on OC's thread, SPX @ 1245 is a very critical support in my eyes.

 

[Cache Landing]

Just bought back two of the SPX bull puts @ 1.70, trying to convert the other three.

 

[Aardvark]

Quote from Cache Landing:

Just bought back two of the SPX bull puts @ 1.70, trying to convert the other three.

I think you might be a tad early on closing the spx...I think the rest of the week at worst is consolidation then we have a 3 day weekend...so I'll wait a week to look to roll down. But you make $$ and thats the bottom line...congrats

 

[Cache Landing]

Quote from Aardvark:

I think you might be a tad early on closing the spx...I think the rest of the week at worst is consolidation then we have a 3 day weekend...so I'll wait a week to look to roll down. But you make $$ and thats the bottom line...congrats

Yes, we probably have a little bit more upside left but I don't think we make it over 1280.

Update:
BTC 1 more of the bull puts @ 1.55

BTO 2 1245/1255 @ 2.05 (currently holding 2 b-fly.

 

[Cache Landing]

Today's Action

BTC 3 SPX JUN 1235/1245 P @ 1.65 (ave.)
BTO 2 JUN 1245/1255 P @ 2.05

Year to Date P/L

Account Value: $13,093.00

YTD Gross P/L: 3,540.00

YTD Commiss: 447.00

YTD Net P/L: 3,093.00

YTD % P/L: 30.9%

 

[Cache Landing]

I've got my eye on AMGN, CL, KO

 

[Cache Landing]

Well, I traded SPX well but I'm getting rocked by my tech trades. Market is likely heading lower tomorrow, especially Nasdaq. I don't know how much I will stomach at this point. Might have to take the losses and re-position.

 

[rallymode]

Quote from Cache Landing:

Well, I traded SPX well but I'm getting rocked by my tech trades. Market is likely heading lower tomorrow, especially Nasdaq. I don't know how much I will stomach at this point. Might have to take the losses and re-position.

cache,

what positions do you have open?

 

[Cache Landing]

Quote from rallymode:

cache,

what positions do you have open?

AAPL calls
QQQQ calls
PAAS bull puts
PAAS short straddles (bullish bias)
HPQ bear puts
SPX put b-flies (bearish bias)

 

[Cache Landing]

Also, I am currently about 90% cash. I don't like this market at all.