Day 4 – Cashing in on SPY calls

Wed May 23 13:04:20 2012 Buy 2 SPY Jun 16 ’12 $131 Call Executed @ $2.31
Thu May 24 09:32:18 2012 Sell 2 SPY Jun 16 ’12 $131 Call Executed @ $3.40

Took the gain on SPY calls while waiting for illumination on whether or not stocks will hold the 200 day moving average. Definitely will not buy until the end of day, once again, but the market is holding steady, down around 50 points, which is a decent sign of stability signaling that we will hold – for today. Updates to follow.

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