SPY Uptrend Swings (11/16/12 - 10/22/13): 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: 175.93 = +6.93%
Bought 2 more PUTs today. Still looking for some profit-taking, and a dip down to the 172-170 range, before SPY goes to 180. *10/28/13: BUY +2 SPY 100 DEC 13 (53 days) 170 PUT @1.49 LMT SPY @176.46 Cost of Trade: $298.00 + $3.00 comm. = $301.00 Delta: -.25
Bought 2 more PUTs on Friday, November 1st: *11/01/13: BUY +2 SPY 100 DEC 13 (49 days) 175 PUT @2.85 LMT SPY @176.44 Cost of Trade: $570.00 + $3.00 comm. = $573.00 Delta: -.44
Bought 1 more PUT on Monday, November 4th: *11/04/13: BUY +1 SPY 100 DEC 13 (46 days) 165 PUT @.62 LMT SPY @176.79 Cost of Trade: $62.00 + $1.50 comm. = $63.50 Delta: -.12
SPY Uptrend Swings (11/16/12 - 11/04/13): 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 10/30/13 New High: 177.51 = +7.89%
Bought 1 more PUT this morning, just before SPY peaked at 177.64: *11/07/13: BUY +1 SPY 100 DEC 13 (43 days) 174 PUT @1.85 LMT SPY @177.58 Cost of Trade: $185.00 + $1.50 comm. = $186.50 Delta: -.33 Total Net Cost for 10 PUT Position: $1926.00 // Average SPY Price: 176.00 Looks like the long awaited Pullback began today. The RSI & MACD Indicators also seem to confirm. If so, will probably start Fading Out of the Position from SPY@173.00 downwards.
SPY Uptrend Swings (11/16/12 - 11/07/13): 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 11/07/13 New High: 177.64 = +7.97%
You're very kind. Wish I could say the same about the Markets! Today I lost back all of yesterday's gains. Oh well... But still looking for a SPY pullback to its 50 day MA. We'll see what happens next week.
Last week was a killer for owners of SPY Puts, to say the least. After 6 Up-Weeks for SPY in a row, since hitting 164.53, was today's high of 180.50 the Top? There's still 5 weeks to go until Expiration for SPY December Puts. Will SPY descend to the 50 day MA, or lower, before then? We'll see.