DecWk2 - SPY Sold!

Trade:
Sell: SPY DecWk2 CS 146/147 $0.08
Status: Filled on Wednesday 12 Dec 12.53am (SG time)
Expiry: 14 Dec (US time)
Contracts: 5
ROI: 5.94%

Analysis:

I am testing out my strategy and that is to take the "easy way out" trade. I am thinking that I should be able to get at least an 8 cents premium at the high of the market spike. I managed to sell a trade for that premium! The strategy seems to be working. At least I managed to get the 8 cents premium for the "easy way out" trade.

Now the challenge is to patiently wait till it expires worthless on Friday evening (US time), and hopefully the bullish trend will actually enter into the Kumo (Cloud) and then become a sideways trend for at least until this week is over.

As it is, the SPY has since dropped, and the premiums are slowly diminishing. All I got to do now is wait for the power of time decay to set in and then we can call it a day. :)