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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 687.96+0.5%Dec 23 4:00 PM EST

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From: expiredoptions1/29/2013 1:24:10 PM
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Target just hit on the SPY Feb 149 calls. I am out clean and looking for more trouble to get into.
Went out slightly above even (+6%) yesterday on the puts, and the calls just sold for 2.45 (+25%).
Yesterday's trade plan below worked out well.
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from post 44769 1/28/2013 12:47:28 PM:

So I am sitting here on these puts with a sell limit of 2.29 (+25%) or a Stop of 1.83 (breakeven).

On the trending direction SPY Feb149 calls
bought at 1.95 (system 2),
My sell limit is 2.45 (+25%).
There hasn't been a 20% rise on these calls after filling but if that occurs my stop goes to breakeven,
Otherwise the plan is:
Buy 2: 1.45
Sell Limit: 2.03 (+40%)
Stop: 1.30

Jeff
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