May 3rd Update - SPX trade update

The market had a gap up today on decent job numbers. I was able to buy back the bottom position for essentially pennies which is around an $11,000 gain on that part of the trade. Unfortunately the gap up has gone into the upper trade strike price which has put the total position in a big loss for the moment. I feel the market is over extended right here with today's candle above the upper bollinger band and I think we will have a pull back hopefully early next week.  I plan to wait on this upper trade to see what happens on Monday and Tuesday.