Wrap up for today
Yesterday I wrote
Most of those 226P was bought today at 0.2 level, ant VWAP is around 0.4. Those 226P holders may hold the position even after the price exceeds VWAP, because puts are too cheap now. Do you set stop-sell for lottery ticket? I don't.
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| SPY 0111 226P 5min |
Indeed, SPY was sold as Trump talked at conference, and the VWAP 0.40 worked as resistance, and I thought the third attempt would break the VWAP. I was wrong.
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| SPY 0111 226P 5min after Trump |
The breakout was fake and I lost my bet. I should have stayed at my discipline. Don't be too greedy.
Tomorrow and beyond
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| SPY 0113 OI |
The price based OI (3rd row) for Friday looks slightly bullish. 228.5C would become as resistant level.
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