05-27-2020, 09:44 AM
(05-27-2020, 09:34 AM)fenders53 Wrote: Closed all the option legs of my DE short for a 55% gain within 4 trading hours. The underlying stock never went my way more than about a dollar and it was brief, now it is running again. Implied volatility swings do crazy things. The trade was engineered to limit max loss, but still, I got lucky.
Very little to buy again today, but I'll keep looking. If will be interesting to see if SPY can close above 300.
While the run the past few days has been fun, my gut feeling is that we are in a range-bound, sideways market with SPY 300 forming the upper bound of the range (my best guess is 270ish on the lower bound).
I'm holding an additional chunk of cash to deploy, but kinda just watching and thinking about it at the moment.