The after debt ceiling deal party didn't start immediately after open. As many thought it might be a sale on the news day. With the slow motion I thought it might get knocked down after a test of new high. But the bulls were persistent and kept pushing up until the end to the new high of 1728. It even got to 1733 this evening with China's GDP news.
I tried to scalp by selling calls this morning. I didn't expect it will get close to 1730 when it was at 1715. I got sucked into the same situation as last Friday. The same habit of not thinking from the other side. I guess it takes more than once to change a habit. It would be safer had I kept selling puts since it was a up trend day. My 1735 call selling is under water now. The upper resistance is at 1740. I will be forced to take stop if we gap up tomorrow and keep going. But the monthly option expiration may help me unwinding this position. Either way, must follow my plan and rules.
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