Taking Profits: Wednesday Dec 5th, 2018 – SO
Momentum has reversed lower again after reaching overbought levels on trade war rhetoric. We take this opportunity to protect profits on our long positions and continue to monitor short positions for taking profit opportunities as many losing positions turned around today.
- SO – 52% Gain: Long Jan 18 ’19 45/49 Call Verticals @ $2.36
Upcoming Event: How to Trade Options – A Beginner’s Guide – Thurs 12/6 @ 4:15PM EST