SPX trade update

The market decided to break out to the upside today and the S&P 500 has made all time highs. I still feel that upside is limited and a pull back is more likely, but I will have to keep an eye on the market next week and monitor the top side of the trade. If need be we can roll the trade out another week.

Premiums have already declined and this trade is currently up $2,951. Ideally the market should sell off some next week or chop around and allow these options to expire worthless next Friday so we can collect the full $10,000 profit.

Market is closed tomorrow so trading will resume on Monday with only 5 days left in this trade.