SPY Update

After being up early, the SPY position is slightly out of the money meaning it will expire worthless at the close.  If the market sells off by more than 2 points from this moment, spy will have value.  I set an order for the position to be closed at the last minute of trading today if there is value.  My suspicion is that there will be a significant move into the close.  I will not initiate any new positions before the weekend but will pick up with the 3-100K challenge on Monday.

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Posted on November 30, 2012, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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