Tuesday, August 7, 2012

10:40AM High Probability Trade Execution Part 2








Entry Plan

Our internal SPY target reached, we scaled in the last half of the Sept Monthly 130 Puts.
We are going to maintain our previous plan to enter more short positions if SPXU gets under 42 and the Sept Monthly 140 Puts under 2.5 per contract. So far so good.

Entry

SPY September Monthly 130 Puts @ 0.62  (The last half we planned for) 

Portfolio

September Monthly 130 Puts @ 0.68 (Average cost)



-Red Apple

(Edit, added new charts)