I see a 1295/1325 channel. I see 1325 going from resistence to support. A few questions on open positions I hold today: Would I open that as a new position today? Would I prefer to be long or short that position? (If I were long/short, would I be worried.) Finally, do I feel comfortable stepping in front of a bulldozer to pick up a dime/dollar?
Actually I rode that channel a few times, going long at the bottom and then watching it on top.... I tried to stay in the position as long as I could before the breakout and then simply covered and looked for an entry later on when I was refreshed..
Jun 1380/1360 call 1230/1260 put credit spread in SP. Market looking bullish, so considering move the 1260 to 1280 put before Wed.