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RE: 7/27/17 Trade log for TradersChoice trades for the week starting 7/27/17

in #greg7 years ago

7/28/17 1:02 PM EST: New short trade for Greg via the SPY Oct expiry 245 strike puts.

https://www.traderschoice.net/money-page--stock-picks.html

Those are now trading at 4.10...ish. Days range between 3.98 and 4.33.

The SPY chart to follow. Imo it could go either way and I wouldn't have considered the short yet personally. But the chances are still there for a decent payoff. Greg will likely have to act quickly on the next selloff though. Methinks the sexy VIXens are now moving towards very short term sell signals. I don't believe the VIX will trade much above 11.50 if the markets sell of here. VIX now at 10.87 as the SPY trade "live!" at 246.60.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=spy&x=45&y=20&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

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8/8/17 update: Greg closed out this SPY trade at 3.25...ish. A "sizable" loss from his 4.10 entry.