if above order fills will be 60% committed on the short side. Leaving 10 points wiggle room on the upside before I either hedge or scale out/close.
We have the luxury of having a really tight risk level here. A break of 930SPX will bring us higher and will make a new high on SPX with a target of 1014 by first week of July.
If not, well, it seems 887 first, then back test 918 before making a substantial run lower.
yeah thats why I got my first chunk a bit early just in case. Second order is still at 924SPX and stop currently at 927SPX.
I may move the stop based on what I am seeing. Right now its just there for the piece of mind (and no entry without stops). Once the second order fills I will move based on price and volume moves - so its not set in stone.
would really like to see a close below 916 but I doubt it will happen. Bounced of VWAP and still above 92.36 level.
Holding RIM short into earnings with an 8% buffer here. Was considering some calls for insurance but the position is small enough so its ok to be taken out.
If RIM earnings are good, I will considering lightening up on my tech shorts and possibly add more hedge after hours.
keeping all shorts. Canceled the other limit order and moved stop on the short to 918.25 for overnight moves. I know its a bit tight but I did not get the 5 point close I was looking for.
There was quite a bit of strength in XLF and IYR into the close so I am sitting tight before committing more cash.
another limit short @ ES 920 (another 50%)
ReplyDeletestops for entire position @ 923
if above order fills will be 60% committed on the short side. Leaving 10 points wiggle room on the upside before I either hedge or scale out/close.
ReplyDeleteWe have the luxury of having a really tight risk level here. A break of 930SPX will bring us higher and will make a new high on SPX with a target of 1014 by first week of July.
If not, well, it seems 887 first, then back test 918 before making a substantial run lower.
Loos like a all bearish blogs are looking for spx 924-927 to buy shorts. we may have seen the HOD or may break 930? OPEX days
ReplyDeleteyeah thats why I got my first chunk a bit early just in case. Second order is still at 924SPX and stop currently at 927SPX.
ReplyDeleteI may move the stop based on what I am seeing. Right now its just there for the piece of mind (and no entry without stops). Once the second order fills I will move based on price and volume moves - so its not set in stone.
would really like to see a close below 916 but I doubt it will happen. Bounced of VWAP and still above 92.36 level.
ReplyDeleteHolding RIM short into earnings with an 8% buffer here. Was considering some calls for insurance but the position is small enough so its ok to be taken out.
If RIM earnings are good, I will considering lightening up on my tech shorts and possibly add more hedge after hours.
Will have to see what happens at 4:00PM today.
RIM got cleaned. down 4% AH. should gap down friday
ReplyDeletekeeping all shorts. Canceled the other limit order and moved stop on the short to 918.25 for overnight moves. I know its a bit tight but I did not get the 5 point close I was looking for.
ReplyDeleteThere was quite a bit of strength in XLF and IYR into the close so I am sitting tight before committing more cash.