Market Curiosity: Exploring Markets And Systems

January 20, 2011

Sold WMT Feb 55 puts – not ideal. Breakout seems weak so far +40%

Filed under: +26 to +50%, Short Puts — Tags: — Jeff Fitzmyers @ 8:50 am

Sold Feb 55 puts for $0.88.
Exit: consider covering early. These options are very liquid so that makes smaller moves easier to profit from.

– The daily CCI is topping out. Not a big deal unless the breakout flops.
– So far today, not much volume.
+ 34 and 170 EMA’s moving up.
– Past month or so has seen a fair amount of red in volume.
+ Past 4 weeks has seen all green bars except for 3 days.

Jan 20: Bought back for $0.53. +66% +40 I did not do the math correctly the first time. It’s ((original – new )/original) *100.
In a toppy market, take profits too soon.

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