Thursday, September 26, 2013

T.J. 9-25-13 5th Down Day

Market had another small down day. Every rally attempt got crashed. Vader tried to swing long and was hammered for 2nd day. It's unusual that ES pushed into gap zone but didn't fill the gap. I guess the market is still in a waiting mode. I had a spread of call and put. The put made money but the call didn't. It may end up break even.

I legged in a sell put of 1630 for 10/4. It looks safe as long as the up trend is in tack. I am also in a wheat call sell position. The trend is down for grains. I will add couple more positions if it pushes up further.

No comments: