A diary of the thought process behind my investment decisions
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:
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.
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!
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.
What you gonna use to short the market?
Straight short of SPY or IWM. I might buy options. With the VIX at 18 I am not selling options.
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