Day 45: Dec expiration on the RUT
Some notes: Overnights. Asia flat. Europe is slightly up. The USA should be up slightly. 200/50 MA. Trending down 20/50 MA. trending down Support at 1650. Looks like it may go sideways. Resistance 1710. It was a flag down (big W-sideways). 68% continues down. And it did. Candlesticks. Sort of a harmi. But there is a good chance it will continue down. Profit taking. it is at the bottom third. 10:50 am. Positions: VPut 1400/1350 $ 1.80 (50 point spread). VCall 1870/1880 .30 cents. PS: what about NOV PUT? 1550/1500 is my spot. A little worried. [Read More Now...]