[gallery link="file"]SPY closed at 106.42
Current position is -$64 or -8.05%
Option Traders, the market did not give us what we wanted out of this position.
SPY closed at $106.91 -$1.17
Current position is -$62.5 or -7.86%
Option Traders, things are starting to look a little better as the market is staring to move our way.
Well option traders, I hope you guys missed me. I had a wonderful time in Bimini, Bahamas. I would suggest it to anyone who does like nature and wants to avoid crowds.
SPY closed at $108.08 -$1.25
Current position is -$65 or -8.18%
So we're right back at the short strike.
SPY closed at $109.33 +$1.10
Volatility came down slightly which offset the gains from price movement. The position is down -$65 now.
SPY closed today at 108.23 -0.98
In this type of trade, the absolute worst place to be is at the short strike. Theta is working hardest against you here.
SPY closed today at $109.21 -$0.58
Looks like the position is now down $45 and is in the "sea of death". Mark really needs a volatility pop and/or big price move soon.
Option Traders, I will be going out of town for a week. I will be heading out to the Bahamas.
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