|Feb, 19, 2016||1865.25||1933.50||1865.00||1914.5|
|Feb, 26 2016||1911.00||1968.75||1886.75||1941.25|
Commentary for last week
SP500 index had a continuation high move last week. It touches resistance at 1950 on Thursday and Friday. It wasn’t able to close above 1950 on Friday’s closing and gave out a candle reversal even though it had a net gain for the week.
Last week’s trades
The market made one attempt to drop through the 1890 support area in the middle of the week but quickly rallied to make a higher high, and closed with a modest gain for the week.
Our Put trade entry points were never hit and we had no trades on the Put side.
For the Calls, our trigger price — which partially coincided with Nat’s meanline — was hit early and again later in the week. We managed to sell Calls with strike price at 1985 at a modest premium.
The Calls expired OTM and we kept the entire premium.
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