I talked about it yesterday that I was going to buy weakness this morning. If we opened weak and I started to see signs of “oversoldness” I would attempt to buy that.

Bought some November IWM 79 calls. They have 1 day to till expiration. I just like the R2R ratio on this.

I’m fading the gap in the IWM by picking up 50 contracts at .21.

78.5 is the close/high from 11-13 and a gap fill will be around 78. If it doesn’t work out, it doesn’t work out.

Tags: , , , ,