This morning, I closed my index puts on $NDX and $SPX. The profits were nice, and I don't have any concrete reason for doubting those profits might increase, but the notion of a consolidation and breakout from these levels worries me too much.
I haven't had any time to check my charts out this morning, but I'll let my stops do their work. By the way, one gent asked if, based on my "no activity in first 30 minutes of the day" rule, if I canceled all my stops each morning and re-established them half an hour into the open. The answer is an emphatic "no!" By "no activity" I mean for a goober like me to be messing around. I am perfectly happy to let my stops stand sentry day and night. That's what they are there for.
