Today's trade expired for a profit of 3.1%, bringing our total haul for January to 9.3%!



The markets saw red this morning and sentiment was very negative. It stemmed from weak tech earnings and bled into other sectors. When we saw a good entry point, the S&P500 was lower by about 80 points. We decided on the 6970 short strike which was 70 points away at the time. The markets did recover and our short strike was still pretty far away...until the final 5 minutes of trading. As we neared the closing bell, so did the S&P500 index. With 5 minutes left, it reached 6965 and was flirting with our short strike. We were keeping a very close eye on the situation and were ready to punt if we had to. The markets did settle down and the index settled at 6969.01. Very close today!



Enjoy the upcoming weekend!