FOMC day,  Markets did move, but really sloppy.  We exited our second long on the SPY at 176.79 for a 9.29 profit.   Our option contracts exit at 4.84 for a 323% gain on the second half.  We reentered short on the SPY at 176.80 with our stop at 177.23.  WARNING, tomorrow if we break the 176.97 it may take out our stop.  This is a counter trend trade.  Very risky.  If the market closes below the PP (primary pivot) tomorrow we have a good chance to fall next week for a pull back for another long.  If we rise tomorrow and back test the PP then you can reverse and take it long.  Remember we are at highs and it may be sloppy.  Manage your losers and let your winners run.  Small losses and large gains.  Check the ES in the morning to see if we have moved above the ES, PP.  If we have, before the market opens, then take appropriate action.

Option traders: we went short with a put options at 4.18 today, with a stop at 3.91.  Risking .27 on the trade.  Same rules apply to you as the market moves tomorrow for reversing or holding the put option.  

Exit Option

Enter Put Option

Daily Profit Target with in 31 Ticks