Exiting entire positon

January 8th, 2009 by Trader Tony Leave a reply »

I decided to close my SPY calls, because it seems that there is not enough buyers in the market – every attempt to break higher faces selling pressure. Chances of going lower than 890 are getting pretty high. Besides there is a symmetrical triangle ready to break downside.

fsspon1

Total loss for position is 15% (sold all at 0.95)

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