Setup: Overbought
Price: 2160
Description: I think SPX will *eventually* come into 2200. However, if it happens in the near term then it’s a good fade.
The trade setup:
IncomeLab Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STO | SPX | Aug | 2220 | Call |
BTO | SPX | Aug | 2225 | Call |
Total Credit: | 0.7 |
Update: July 15th, 2016
Filled on a GTC at 0.70. Will add to trade at 1.20 and 1.70.
Will BTC at 0.30.
Update: July 29th, 2016
Taking Profits:
Full Time Profits Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
BTC | SPX | Aug | 2220 | Call |
STC | SPX | Aug | 2225 | Call |
Total Debit: | 0.25 |