Last night's performance was a little muted despite analysts around the world telling stories that it is going to shoot up to the sky. I was so hopeful as well. This week was a near miss. I say near miss because on 31 December 2012, I actually contemplated selling a Call Spread $145/146 for 0.08 premiums. That would have been disastrous if you have been following the market.
As soon as I had placed that trade, which would have been filled almost immediately, I decided that I would take a break and rest, and almost immediately, I turned my real trade into a pretend trade and went to bed. :) It turned out to a a good move, as the SPY shot upwards to $146 and basically I could only thank God that it all worked out nicely for me.
I could have sold a higher spread, but things were quite uncertain this week with news of the fiscal cliff, and the uncertainty that it brought along for every trader. As we can see, it looks like it has hit an all time high, and this could only mean a shaky week next week. I am uncertain as to what is there going forward, but I am sure it will be a beautiful week of watching the markets move. :)
Tonight's SPY performance looks like a roller-coaster as well. :) Oh well, I am going to bed. Good night people. See you guys next week! Hopefully. :)
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