more importantly here is that we have the resistance of the 20 day MA (already blew through the 50) after a sharp move up in a short amount of time. I would be afraid to be long here.
Well now that the VIX is down, you don't want to sell options. I would buy some puts as a hedge. Not a bad position to be in. I am losing on the time, the volatility and the position!
20 SMA Daily at 118.59 … right ?
cool diablos. Thank you!
more importantly here is that we have the resistance of the 20 day MA (already blew through the 50) after a sharp move up in a short amount of time. I would be afraid to be long here.
http://www.youtube.com/watch?v=AEsAjYXlLuI
Don't believe so much in patterns. Probably why I am getting screwed!
Well now that the VIX is down, you don't want to sell options. I would buy some puts as a hedge. Not a bad position to be in. I am losing on the time, the volatility and the position!
Be very careful of the inv H&S playing out …. neckline at 117 – 117.15 – conservative tgt is 124 … nothing is sure yet …
Looks like they are going to make another run at it. After three trys I would have thought they would give it up.
In a quandry …. am long = but underwater as vix is getting sucked out of my options …. thinking of some protection – with 200 bucks in my account ..
i added may 114s but I would recommend doing the opposite of what I do!