It's Friday, and while everyone is out celebrating, I am sitting at home, watching the market, eye-balling to be precise, and hoping against hope that the SPY will not contravene the strike price of my call spread of 141/142.
If it does, then the contingent order is likely to kick in, and I am likely to lose my trade. At the moment, the trade is worthless, but if the SPY continues it insatiable onwards ascent to $141, then I will be faced with a very unique position.
I am kind of worried now just looking at it. It is trending very close to my Call Spread of 141/142. The SPY is now $140.43, up +0.98 USD.
Thankfully the premiums are still very depressed, so it still looks safe for now. Time decay, please work your magic for me! Let the trade expire worthless! :)
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