Looking for another Melt-Up to a New High over the next few months: 10/02/13: BOUGHT +1 SPY 100 JAN 14 (107 days) 177 CALL @1.35 LMT SPY @168.28 Cost of Trade: $135.00 + $1.50 comm. = $136.50 Delta: .22
I'm with you! not in that trade but think market will melt up although if you had to ask me what I thought of that chart you posted I would say market is about to roll over..
Just buying a dip near a Higher Low, near the 50 day MA, which has worked every time since last December. Will it work one more time? Or will we finally get the 10%-20% Pullback/Correction many think should have happened by now? Time will tell...
Added to my Long Position today during the Dip to a new Higher Low. Figuring SPY will Rally/Melt-up after the Knuckle Heads in D.C. come to an agreement. *10/08/13: BUY +2 SPY 100 JAN 14 (101 days) 177 CALL @1.15 LMT SPY @166.05 Cost of Trade: $230.00 + $3.00 comm. = $233.00 Delta: .18 *10/08/13: BUY +1 SPY 100 JAN 14 (101 days) 176 CALL @1.29 LMT SPY @165.49 Cost of Trade: $129.00 + $1.50 comm. = $130.50 Delta: .19
Bought some more SPY Calls yesterday and today. Think the Higher Low is in at 164.53, and the next Melt-up/Rally has begun. We'll see. *10/09/13: BUY +1 SPY 100 JAN 14 (100 days) 176 CALL @1.27 LMT SPY @165.56 Cost of Trade: $127.00 + $1.50 comm. = $128.50 Delta: .19 *10/10/13: BUY +1 SPY 100 JAN 14 (99 days) 168 CALL @5.04 LMT SPY @167.89 Cost of Trade: $504.00 + $1.50 comm. = $505.50 Delta: .49 *10/10/13: BUY +1 SPY 100 NOV 13 (36 days) 176 CALL @.33 LMT SPY @168.25 Cost of Trade: $33.00 + $1.50 comm. = $34.50 Delta: .11
SPY Uptrend Swings (11/16/12 - 10/16/13): Low: 131.82 to High: 142.46 = +8.07% High: 142.46 to Higher Low: 137.52 = -3.47% Higher Low: 137.52 to Higher High: 151.06 = +9.85% Higher High: 151.06 to Higher Low: 146.58 = -2.97% Higher Low: 146.58 to Higher High: 158.10 = +7.86% Higher High: 158.10 to Higher Low:152.00 = -3.86% Higher Low: 152.00 to Higher High: 167.36 = +10.11% Higher High: 167.36 to Higher Low:154.97 = -7.40% Higher Low: 154.97 to Higher High: 170.14 = +9.79% Higher High: 170.14 to Higher Low: 162.26 = -4.63% Higher Low: 162.26 to Higher High: 172.76 = +6.47% Higher High: 172.76 to Higher Low: 164.53 = -4.76% Higher Low: 164.53 to Today's High: 172.16 = +4.64%
Sold 2 SPY CALLs to raise cash for other trades: *10/17/13: SOLD -1 SPY 100 JAN 14 177 CALL @1.88 LMT (SPY@172.29) SOLD -1 SPY 100 JAN 14 177 CALL @2.04 LMT (SPY@172.75) Net Proceeds: $188.00 + $204.00 - $3.00 comm. = $389.00 $389.00 Proceeds - $233.00 Cost (on 10/08/13) = +$156.00 Net Profit = +66.95% in 9 days
Everyone's talking about SPY making 180, which makes me nervous. Think it probably will do so, but not in a straight line. Looking for a pause and some profit taking first, back to 170 or so, before it continues higher. We'll see... Sold my remaining 5 CALLs today: SOLD -1 SPY 100 NOV 13 176 CALL @1.17 LMT (SPY @174.25) SOLD -1 SPY 100 JAN 14 176 CALL @3.00 LMT (SPY @174.24) SOLD -1 SPY 100 JAN 14 177 CALL @2.60 LMT (SPY @174.37) SOLD -1 SPY 100 JAN 14 168 CALL @8.25 LMT (SPY @174.34) SELL -1 SPY 100 JAN 14 176 CALL @3.06 LMT (SPY @174.41) Net Proceeds: $1808.00 - $7.50 comm. = $1800.50 $1800.50 Proceeds - $935.50 Cost (from 10/02/13 to 10/10/13) = +$865.00 Net Profit = +92.46% over 19 days .................................................................... Bought 2 PUTs: *10/21/13: BUY +1 SPY 100 DEC 13 (60 days) 170 PUT @2.18 LMT SPY @174.29 Cost of Trade: $218.00 + $1.50 comm. = $219.50 Delta: -.33 *10/21/13: BUY +1 SPY 100 DEC 13 (60 days) 170 PUT @2.17 LMT SPY @174.35 Cost of Trade: $217.00 + $1.50 comm. = $218.50 Delta: -.33
SPY Uptrend Swings (11/16/12 - 10/21/13): Low: 131.82 to High: 142.46 = +8.07% High: 142.46 to Higher Low: 137.52 = -3.47% Higher Low: 137.52 to Higher High: 151.06 = +9.85% Higher High: 151.06 to Higher Low: 146.58 = -2.97% Higher Low: 146.58 to Higher High: 158.10 = +7.86% Higher High: 158.10 to Higher Low:152.00 = -3.86% Higher Low: 152.00 to Higher High: 167.36 = +10.11% Higher High: 167.36 to Higher Low:154.97 = -7.40% Higher Low: 154.97 to Higher High: 170.14 = +9.79% Higher High: 170.14 to Higher Low: 162.26 = -4.63% Higher Low: 162.26 to Higher High: 172.76 = +6.47% Higher High: 172.76 to Higher Low: 164.53 = -4.76% Higher Low: 164.53 to Today's New High: 174.75 = +6.21%
Bought 2 more PUTs today. Still looking for a Profit Taking Pullback, before SPY rises to 180. *10/22/13: BUY +1 SPY 100 DEC 13 (59 days) 170 PUT @1.82 LMT SPY @175.54 Cost of Trade: $182.00 + $1.50 comm. = $183.50 Delta: -.29 *10/22/13: BUY +1 SPY 100 DEC 13 (59 days) 170 PUT @1.79 LMT SPY @175.62 Cost of Trade: $179.00 + $1.50 comm. = $180.50 Delta: -.29