Finally, the market weakened today, but only after a higher open. We are bullish the SPX with our bull call spread at 2180/2190. At the same time, we are bearish the NDX and RUT with our bear call spreads.
In all, we are just managing winners, so anytime these trades can make us money, we will close them.
I added a NDX bull put spread at 4760/4750 on friday around mid-day. This spread will expire on Nov25. It will be interesting to see if we have to adjust it this week, if weakness come into the NDX in a bigger way than expected.
All indicators are bullish so any weakness will be met with more put selling.
