I know I can probably say, I told you so, but that wouldn't be a nice thing to do I guess. All I can say though is thank God that my trade is safe. I have been in less than wonderful situations where my trade has gone south, and I had to cut loss. Not nice at all I assure you.
The SPY opens upwards by a little tonight and it reaches an intra-day high of $139.52 but came tumbling downwards to hover about $139.24. Hopefully this will be the continuous market action until the end of trading day and we can all smile our way to the bank.
Despite the seemingly strong opening on Monday, there is basically nothing being offered yesterday and perhaps today also, that we can rave about. I am definitely looking forward to expiry on Friday and hopefully be able to lock the trade with a put spread if possible.
That's all for now!
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