NovWk2 - SPY Market Summary
From the chart above, you can see that trend is sideways for the daily chart. The large bearish candle on Thursday was reversed by the bullish candle on Friday. Looks like the high impact news on Thursday on currency didn't put much of a dent into the trend. Last night's result of better than expected performance from Non-Farm Payrolls boosted confidence in the markets.
My trade for the week entered on Thursday was for the following:
Sell SPY Put Spread $173/174 for a premium of $0.05. I placed a Contingent Order on Price less than $174.50 on Thursday and on Price less than $174.30 on Friday.
I was kind of worried when I saw that the price nearly shot up there. But it expired worthless, and that's all that matters. ROI 2.95%. Yay.
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