A Trade

Buy back at 6.50.

 

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!

 

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.

 

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

 

Sounds good to me.

 

Short 200s SPY at 200.33

 

Sell 3 sep5 SPY199P at .61

 

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.

 

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

 

Sold the Aug ES call at 3.50