SPY WEEKLY OPTION BOUGHT ON BREAK OF 204 SUPPORT

2016年4月7日

SPY WEEKLY OPTION BOUGHT ON BREAK OF 204 SUPPORT

SPY APR 8 204 P @ $.90
bought on break below 204 support
Also proprietary TOP signal received this morning

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topandbottomtradesignals.net

2016年4月7日

註釋

Would like to see SPY break below 203 with 202 as a target

2016年4月7日

註釋

Bounced off 203
Will see how end of day goes and what happens expiration day tomorrow.

2016年4月7日

註釋

SPY Support at 203
Close to getting proprietary BOTTOM signal
$1.30 option high for the day
Will see what happens tomorrow - expiration Friday

2016年4月8日

交易結束：達到停損點

I always strongly recommend using trailing stops to protect profits and limit loses.
This position is no different and the position would have been closed yesterday with a profit.using a trailing stop.
SPY 203 turned out to be a bottom.
WE now have a proprietary BOTTOM signal.
Obviously opening a long position at the end of the day yesterday would have been the prudent thing to do.