FOMC today. Today is not a good day to trade as the market will make sharp moves during FOMC.
SPX: 5070 top (5057 resistance + Gap @ 5035.3) / 5000 key level / 4970 bottom + ATRs.
Watching:
SPY: bounce @ 498.2. If we don't get the bounce I'll be watching for calls calls above 502.1
AMD: calls above 150 looking for > 152 > 153.28
Watch volume/trend/levels. Don't rush/force trades/front run trades especially today. Entry matters.
After entry, let the trade play out. Watch levels not P&L. If you get a good entry no reason to exit if all signals are pointing your way. Learn to hold winners longer.
That said, I would not trade today. I would watch and see how the market moves.
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Quote:
Originally Posted by Blazed
Only took 2 -AMZN240503C175
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Expected a bigger move. Will close these out at open.
Quote:
Originally Posted by Blazed
Sold some covered calls here on some of my equity positions (40% of AAPL, 40% of MSFT, and 100% AMD). Make your equity work for you.
Strikes - AMD -AMD260116C200.
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I will be closing 1/2 this position after open. First price target hit, 50 point drop from entry.
