The most anticipated Fed announcement came out with a tapering of $10 billion and Fed emphasizing on keeping the low rate for a long time. Market initially dropped 50SMA and rallied up. ES closed at a new high of 1810 for Dec contract. I didn't expect a taper before Christmas but my hypothesis of drop and pop worked out with agony at initial drop.
My 1750 put sell was exited during the volatile move. All of my put sell positions are in good shape now. I went into a call sell of 1835 way too early and without checking the chart again. I got carried away during the heated time. My plan was stay out of the movement and let the dust settle first. I will manage my risk in the next two days.
It looks like Santa's rally finally come. I will sell some of my mid/long term positions for tax purposes in the next two weeks.
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