Hi guys, I posted this on the Community Blog just after the cash close. As you know I elected to take off the Strap long mid day about 30 ES/SPX points higher, and the market then sold off into the close.
However, kind of funny, the Strap longs that I took off mid day, are taking a 2nd entry. SPY already has, ES shows one for the 5 pm close
I said earlier that I would issue trade alerts when these take 2nd entries, but I hate issuing another one now, may goal isn't to convert the systems into a day traders paradise. If you are new high, things like this are VERY rare, not the norm.
Anyway it's Friday, I don't know how many of you are even still around, but here's a couple of options you could consider:
1. Do nothing, wait until Monday, maybe we'll get better prices
2, one could split the difference and add one of Strap positions back now here in after hrs- you are getting much better prices than when you exited mid day.
enjoy the rest of your Friday afternoon and have a great weekend!
Matt