Friday, June 14, 2013

Closed SPX trade

I decided to close the SPX trade this morning early. I feel like the market may try to re-test the highs and I don't want to get caught having to roll the position close to our strikes. I closed out the trade with a $7,300 profit, which was a 6.1% ROI in about a week. The account now stands at $132,600.

I will wait to see if the market continues higher to re-test the highs or to see if we break below the 1596-98 level on the the S&P. This will help decide future action.

No comments: