Thursday, November 21, 2013

3 SPY spread Nov 20, Nov21

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1st: gap 8 day fill
2nd: gap 8 day not fill, but long term bearish – touch 170 by Jun 20, 2014
3rd: delta and gamma hedging.  long term bearish (<168 by Sep 19, 2014) but may not dip below 175 by Dec 20, 2013 and Jan 17, 2014.
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