NEW OPEN TRADE: SPX STRATEGY: SELL CREDIT CALL SPREAD EXPIRING 6/18 STO SPX 6/18 6750 CALL BTO SPX 6/18 6770 CALL FILLED AT: $960 CREDIT SENTIMENT: Neutral to slightly bullish POTENTIAL MAX RETURN ON PREMIUM: 100% MARGIN REQUIREMENT: $2000
Massive move on the SPX day, up 2.8% now and very close to the 6550 area. Looking to get some protection back on the accounts with this move. I do believe 6550 to 6600, which is the big red candle low and the 200 day EMA, will remain as resistance for quite a bit of time. But going much higher than those areas just in the off chance the market has another massive move higher up towards that 6766 to 6800 cluster of resistance.
