Thursday, August 14, 2014

SPY Call Option Exit

I exited the Aug 191 SPY call options completely at 4.25 and 4.40 respectively in half positions.

With only 1 day till expiration and a divergence on the 15 min momentum and a reversal bar at 11:00, I decided to exit the second half rather than hang on till tomorrow despite the obvious loss of momentum that can often last a day or more after a turn on the 15 min chart.

No comments:

Post a Comment