The way this market has been acting, I am willing to take some risks. Just put a second butterfly on around the 4260 mark. Low prob, but very high return if SPX spikes back up over the next 45 days.
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Be warned, this thing could drop another 50 to 70 points. If it does, it is an even bigger opportunity to go long. I am prepared to take some large risks with this. I do believe it will move back up to the 4300 range over the next 45 days.
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looking for support around 4450. if that doesn't hold, it may be time to cut losses and move on. I am still bullish at this moment.
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rough day, but it did seem to hold around that 4450 area as I was hoping for. not ready to throw the towel in yet. I believe this will rebound and head back up.
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long term outlook is still a buy. I look a this dips as opportunities to add to the position with hopes this will take a big jump in the next couple weeks. if it drops down around 4100 or loser, i am adding butterflys.
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I am adding to position if this goes to 4100, but if it goes much below that, I may dump.
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gap down, buying opportunity for long play. could go down a little bit more, but I am adding long positions.
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support around 4100 to 4110. I am considering adding more long.