If futures are strongly up:
Set a market order to get out of SPY puts on open? Hmm. I'm probably going to lose most of their value if I do that. Not sure what's the best time to sell puts Probably NOT open, but if market moves up...so I need to sell on open.
Then
Buy a $SPX bull call spread expiring on the 9th, Friday: 2035-2055, immediately. And let it run and expire unless market turns. Don't look back. Let it do its thing. Spend up to $1,500
It will be hard to do this immediately on open. With SPX one has to use limit orders to ensure that a fair price is obtained.
Finally, watch GDX. If it is tanking, sell those calls ASAP.
And then, wait until Monday to trade again....if things go as expected I will be putting on an iron condor. If I lose this trade then, well, no iron condor. I'll have to wait until a good setup because I will have lost too much money. And then I will have to move over to the virtual trading account and pretty much only trade there for the time being because I will have lost ~$3,500 total if everything fails. And that's all I care to lose. "It's been a pleasure, Mr. Market. I'll be back after I practice awhile."
Obviously if the futures are not strongly up and there is no steam...plan scrapped. Maybe get out of shorts...but maybe not. That would be ominous. Stay in shorts. No rally = bear country.
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