I did a vertical roll to adjust my position Today. I noticed that we were leaning short deltas and didn't want to add a long CALL, as it would simply smash my theta. So I moved the short 610 Call to the 620 strike level. While this might have been a bit preemptive based on Dan's rules, I felt it was ok to do so.
Notice on the 5-Day Vipes chart that we might be slowing down on the upward pressure, notice that for the past 2 days bars. That being said, there has been very little "down days", as we seem to find buyers every time we move lower, so I have to keep on playing the non-directional approach.
No comments:
Post a Comment