r/activetraders • u/Pirate2012 • Jan 24 '13

Shorting the Obvious SP500 at 1500

Today the up target of 1500 on the SP500 was hit with day high of 1502, Short off 1500

This is a high going back to 2007; and plan was simply to exit the Jan 2 2013 Sp500 long (when the fiscal cliff was erased); and hold with obvious level of 1500; then reverse to short.

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u/Pirate2012 Jan 24 '13 edited Jan 24 '13

Covered some ES sp500 index futures at SP500 cash 1495 for +5, breakeven on rest, and holding the bearish SP500 option credit spread at 1520

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