Friday has got to be my most favourite day of the week. It is the day that I get to dress casual, hang out with friends and plan for the long lazy weekend.
It is also the day my weekly options expire as well, and frankly, I can't wait.
Thursday's trading was a roller coaster ride for all who got filled on their trades. The SPY went up and down and up and down and then up and down again. It finally closed at a respectable $135.70. Down a -0.23 cents from yesterday's closing.
I had initially hoped for a better closing price - like maybe $136.00 or higher. But this is expected and good enough for a market that seems to be trending sideways and downwards.
So what to expect for tonight? Well, the short answer to that is to place my contingent order and wait and see. Of course there is nothing more that can be done especially when it is expiry that I am really waiting for, but as they say, when you are vested, there is a natural anticipation that drives you.
I am hoping for a recovery, and that the SPY will actually increase and end off at $137.00. That would so make my Friday night a good and restful one. And who knows, if it goes up high enough, I might even find myself a Call Spread even.
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