Not a lot happening in the market this week. RUT came down to the 50 MA and trend line support. The drop was a little deeper than I thought it would be….. but it makes complete sense from a TA standpoint.
The only open trade that we are tracking right now is the May 55 day trade. I added an 800/850/900 call butterfly to the position on Friday as I’m still bullish on market direction. The position is currently up about $490 and is shown below:
I’ll be looking to get into the method 15 and the June 55 sometime next week. I’d like to see a strong bounce before I get in but not confident it will happen.
Also worth noting, I’m currently with 2 RUT weekly trades as well as weekly trades on AAPL and PCLN. I am not tracking the trades on the website yet due to time constraints but may do so in the near future. If you are interested in the results, send me an email and I will post them.
Make it an awesome day!