Wednesday, March 13, 2013

Bet SPY won’t reach 170 by Oct 1

Sold 3 calendar spreads.  Sold Sep 30 170 call and bot May 17 170 call @0.06 to hedge.  0.68,0.68,0.69.  Dividend adjusted, would be 168.  Monthly pivot cloud.  Last breach was by 4 red lines in May 2011.  By projection, 5th line in Sep is at 170.

 

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