Traders, we used some near-term market weakness here to scoop some delta positive option positions into these Elliott and Fibonacci support zones.
Picking Up Positive Deltas Into Fib Support Here from Todd Gordon on Vimeo.
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Why wasn’t there a stop on the GLD vertical?
Its worthless now, after initially being profitable.
Hi Jeff,
The setup was still valid and we are heading into NFP tomorrow so I decided to keep it. In hindsight it’s probably not the best decision, but I tend to trade the underlying market rather than open / close the option trading based on the premium remaining.
Todd.