Saturday, April 01, 2017

Weekly: SPY finds support at the 50 day

SPY holds the 50 day moving average. Anecdotally, I observe fewer new investors believing in technical analysis. Also in the news this week, is BlackRock firing a bunch of portfolio managers and replacing with robots. It is a strange time we live in. It was a quiet week for me. I did a few adjustment trades.

Here are the trades (p = puts, c = calls, cover means buy to close, number at the end is price per contract.

Mon Scary morning sell off, then the buy-the-dip crowd steps in to bring it back to near even.

Sell TSLA Apr 230 p 95
Sell MAR May 105 c 20

Tue Sell TLSA Apr 240 p 92
Sell IWM May 119 p 32
Sell SPY May 218 p 63

Wed BRKB May 175 c 93

Thu Sell IWM Apr 127 p 20

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