Tuesday, February 10, 2015

Tuesday February 10, 2015

$SPY, $STUDY, Today’s trade was SPY150320P206 I entered at $4.63 and exited at $4.95 using an alert which was set at SPY at or below 204.83 which touched at 10:46 AM.  Yes, I know the market is up at this time (1:05 PM 2/10/15) but I was not buying the market I was trading the SPY.  My Entry Signal which is driven by the trend in the underlying told me to follow the Puts this AM, see chart below.  I calculated my profit points and set my exit alert based upon the Profit target which I was seeking for the trade.  There was about $10,000 committed and a profit of $651 or 6.5% on the trade today. 


You do the math for your portfolio…




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