Tuesday, January 7, 2014

The Waiting Game Again 1-7-14

Market's mood changed to somewhat positive overnight. ES opened in upper part of yesterday's range and took out the last two days' range. But it didn't go too far with a 9 point range. People are waiting for tomorrow's Fed Minute and Friday's job report.

I have another day of no fill of ES sell. My SPY weekly calls and RUT spread is working. I closed a half of SPY for a 50% return in one day. I am looking at possibly VIX options selling in my smaller acct. It has a very low margin requirement but volatile instrument. RUT may work but it's hard to get fill since the spread is wide.

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