Took profits on half my OEX calls from SPX 1530 area, right here near SPX 1543. Letting the rest half of the OEX calls and the ETFs to ride.
Here's my dilemma. My analysis says we are headed higher. But what if they retest yesterday's low and then head higher, which is entirely within the realm of post Fed nonsensical volatility. Don't like to give away all the gains. So booking some partial profits.
Trade posted here
If they head higher post-fed, watch SPX 1563, which should be a VST resistance to deal with.
Edited by NAV, 31 October 2007 - 12:46 PM.