Tuesday, July 3, 2012

$AAPL no entry

this would usually be a good trigger to enter into a new credit put spread..breaking out now. but like ive said previously, if trade does not feel right in first 5 seconds i pass on it (gut check)..my gut overrules all previous metrics or strategies. with aaple trading in a tight range the last few weeks the IV as come down some, ie the premiums for the credit spreads have come down.. so the levels i would normally enter at are not paying decent. not going to force a trade (pick higher strikes) just for the sake of putting on a trade. will sit and wait some more.. let my diagonal spreads do the heavy lifting this month.

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