fightintxag13 said:
McInnis 03 said:
I did not play the gap-fill on Friday despite my stats saying it was a "GO" play. It was a good play, I should have taken it.
Today's stats indicate the same, I'm going to try it out again and likely go for a 50% gap fill just due to my confidence not being where it needs to be yet. (Monday's are also the lowest percentage on gap fill plays, followed by OPEX Friday's, and the 1st day of the calendar month).
We're getting close to the Model T on the gap. I've got it at 301.15. If it reaches that and reverses, I'm selling the SPY calls I have for Wednesday and keep riding the puts that I bought as part of a strangle.
Depending on what/qty you bought, you could potentially sell a portion at 50% gap fill and let the other half ride to see if a complete gap fill takes place.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3