Monday, June 27, 2016

Aug SPY 212 Put Limit Order Final Exit Acheived

The SPY 212 August expiration put which was entered at around 5.15 earlier this month, has now moved up in value beyond its 130% limit order which was the highest value given (at entry) as a possible exit limit dependent on position sizing.

So that trade is now closed.  The equity portion of the trade has not quite achieved a 6.75% loss in SPY yet relative to the entry through another 1% decline would fulfill that limit order.  It seems there is a high probability of that occurring.

The market is now set-up for a short term rebound and bullish play, I may offer some further stats on this later today or over the next few days as things unfold.


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