FUN WITH SPX

We are long two contracts, of two overlapping verticals,

 left over from a previous trade with Two days of life left .

 

 1960 - 2010

and the

1960 -  2015

 

 

 

 

 

because there is only two days remaining and the first strike is already in the money we are wanting to lock gains in, while keeping some upside exposure.

 

 

What this order accomplishes is book gains from the vertical and create a small fly,

taking advantage from the already present ratio of -4x +2x

 

This Trade Brings in $10.55 x2

 

as the day progresses, we get a pull back and decide to work another order to improve the chances of the fly making any money.

 

1-3-2 adjustment x2 

 

This Trade Costs $1.00

 

 

 

Finish Day One, One day left.

 

Overnight news from BOJ causing gap up.

 

 

 

Finished Risk

 

 

Fin.