We had a relatively stress-free trading cycle but weren't able to open up the second half of our positions. Ever since we opened the call spreads, the markets slowly pushed higher, not giving us the opportunity to open the put spreads. Instead of forcing a trade which could possibly come back to bite us, we settled with the bearish call spread. We were able to earn 4.4% on the spreads.



The upward momentum has kept the markets in an overbought technical level so some profit taking is expected on the horizon. Lately, any selling pressure has been met with some quick buying by the bulls. We got some downward pressure today and closed lower but the major averages rebounded towards the close making today's losses very minimal. We'll see if the trade war fears continue into next week.



Enjoy the weekend!