Out

of all Calls. If you had bought Calls on the 22Oct and sold them today the 29Oct, your money would have been doubled in six days. The target was supposedly OEX 725. However, the price action has gone from extreme oversold to extreme overbought. The decision was to liquidate everything without emotion even though the high of today was only 722ish. The pattern that formed today comparing to past pre FOMC days indicated that the probability of tomorrow's high exceeding today's high will be small. The more prudent thing to do would be to stay on the sideline until there is a definitive market reaction to the interest rate outcome, unless you are a gambler. Further, shorting is not advisable because the market has gone back to uptrend and counter trend trading is suicidal. It is also good money management in that if doubling the wagered money is the goal of every trade then once it is achieved, scaled out before the market takes it all back.

2c