Picked up 49k shares down here at $23.05. I wil llet it roll again. Hyperbolic up before 10am has a good chance of a reversal in this environment. But then again we like to see things how we like to see them right? Haha.
Eventually there will be a spike in volatility but the question is; when? I was forced to adjust my SPY bear call credit spread today. This is now out to March 152/153. Watch SPY will climb to $153 by then and I will need to kick the can down the road. I nearly bought VIX 16s for April for $1.95 since VIX is
Good luck with your trade. I remain with advice that you would celebrate many more victories waiting for the pops, and selling short, rather than buying what appears to be lows of the day, and selling after a pop.
I get it that market seems way over bought. But, at Dow 16000, you may be saying the same thing, and regret that you were on the wrong side from 14000 to 16000!