Real Fibonacci Trading

Out at $134.50.

$7,456.64 profit.

Now we sit tight until the next buying opportunity.

TEN CENTS AWAY

Whoa, big gap up today. Just over $1 to the profit target.

Considering opening a position of SH (short SPY) depending on what price does in the next few days.

If price is going to go down, there’s no reason I shouldn’t make some money on it while I’m waiting for it to go back up to my target profit (or at least get close enough where I can sell some covered calls).

And price wasn’t where I wanted it to be to sell the calls, so I didn’t sell any, and now I wish I did last week because price is going down nicely.

Day one of teasing complete.

I should write a few 134 or 135 calls. Since I’m going to sell around there anyway I might as well get paid to wait for price to hit that level, right? I could write like 9 calls and then sell the leftovers manually.

Profit target is $134.50.

So close.

Currently up $6,677.40.

Here’s the PnL:

Price will probably go down and tease me for a few weeks now.

mad resistance for the last 3 days.

So close to profit target!

$5-6 per share.

Go rally go!

getting closer.

Somewhere between $4-5 per share gain right now.