Friday, December 15, 2017

I'm just about to give up being short ....

Another week of the relentless skyward climb of the S&P 500:


Right now the brokerage I'm using is down so I don't have the exact damage number, but I'm down at least 40% this month despite all the credit I've collected selling puts .... If present trends continue I can just close the short S&P futures and sell the puts naked!

That should flip the market over ... but now for the good news:

That's 6 for 7 in the NDX weekly trade ... 91.7% is 11 for 12, so we're still on track for that.

If the S&P isn't down on Monday I'm going to give up on my short strategy and move to this weekly NDX trade in my own account.

Watch this space ...


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