S&P 500 futures technical analysis, market direction analysis and trading. This blog is for educational purposes only.
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)