Out Of Vodafone

I am out of my Vodafone trade. I sold the 22.50 covered calls against the position and there was only 4 cents of potential profit left in the trade so I decided to exit. I will look to buy again on weakness.

5 comments:

Tsachy Mishal said...

I bought JTX this morning @2.28 in the retirement account. After making a quick 15% last time in JTX Im addicted to the OL DAWG method of trading.

CP said...

Have you seen this?
http://www.indexindicators.com/_charts/sp500-vs-put-call-ratio-equity-5d-sma-params-3y-x-x.png

The loudest short signal I have ever seen!

Tsachy Mishal said...

Thats a 5 day moving average. I prefer the 10 day. I agree that it is time to short. I am just trying to find an entry.

Random Thoughts said...

What you gonna use to short the market?

Tsachy Mishal said...

Straight short of SPY or IWM. I might buy options. With the VIX at 18 I am not selling options.