It was 20% profit for OEX Oct 715 puts overnight. (Thanks to a reader who corrected the mistake, it was actually OEX 720 Puts. The confusion was in translating between OEZVD and OEZVC ). The reader actually brought up a good point. It is important to trade around the pivot and it seems to have the best punch for the buck. Buying sentiment has decreased and the momentum of put buying has increased. The most peculiar technical thing is the constriction of R1,S1. A narrow range of 3 points. The last time it happened was around July 17. It was obvious what happened a short while after. For continual strength it has to close above 723 tomorrow. It may depend on the ADP employment data which is a predictor to the real thing on Friday.
2c
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2cents you stated monday eveing that you were in 720 puts but today you said you scraped 20% on 715 puts...I like reading your posts but which trade is accurate or are you really trading? It makes me wonder or was this some sort of typo. Please clarify? I bought 720 puts monday a little early @ 7.40 and sold today @ 8.40. Thanks,
Stockluver...thank you so much for correcting my mistake. I goofed in translating OEZVC and OEZVD. It was actually OEX 720 puts. I am going to edit my post and put in a comment. I trade real money.
2c
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