Member’s Video for Monday, April 2nd, 2018

We are adjusting our tactical approach to more neutral-to-moderately bullish as the C-wave Fib support zone of higher degree triangles in the indexes look to be holding.

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5 Comments

  1. Kevin Tharp
    Kevin Tharp on April 2, 2018 at 12:47 pm

    Managed to close out the SPY Put spread for 0.50 credit. I understand the market might keep going down, but felt that with settlement tomorrow, the likelihood of making money was slim and that the taking what I could get was a prudent move.

    Reply
  2. Dmitri Savine
    Dmitri Savine on April 2, 2018 at 1:55 pm

    Hi Todd,

    Maybe we should book profits on SPY now?

    Thanks,
    Dmitri

    Reply
  3. Dmitri Savine
    Dmitri Savine on April 2, 2018 at 3:12 pm

    We have to sell SPY before it expires!

    Reply
  4. Dmitri Savine
    Dmitri Savine on April 2, 2018 at 3:37 pm

    Sold 255 SPY puts for 0.45. Left 250 puts to expire worthless.

    Reply
  5. Dmitri Savine
    Dmitri Savine on April 2, 2018 at 4:03 pm

    Congrats, Kevin. You beat me by 5 cents.

    Reply

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