14 Feb Trades for Tuesday, Feb. 14, 2017: + $405 Profits
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9:31 – SHORT 500 JPM 88.50, COVERED 88.38, out + .12    =         + $60
9:41 – SHORT 500 M 32.80avg, STOPPED 500 at 32.85, out - .05    =         - $25
9:47 – SHORT 500 M 32.78, STOPPED 32.81, out - .03         =         - $15
9:54 – SHORT 1000 M 32.88avg, COVERED 800 at 32.82, out + .06, COVERED 100 at 32.79, out + .09, COVERED 100 at 32.65, out + .23      =         + $81
10:54 – SHORT 1500 JPM 89.26avg, COVERED 1200 at 89.12, out + .14, COVERED 300 at 89.08, out + .16           =         + $244
10:59 – BUY 13500 S 8.05avg, SOLD 8000 at 9.04, out - .01, SOLD 4000 at 9.08, out + .03, SOLD 1000 at 9.07, out + .2, SOLD 500 at 9.04, out - .01 =         + $60
Swings:
2/14/2017 - LONG 3000 S at 9.05avg, SOLD 15 Feb $9 calls @ .18,
Total Daily P/L:Â Â Â Â Â Â Â Â Â + $405 Profits
Summary
SPY got its reversion back to the 232.20s fib area before coiling during Yellen’s testimony. We scalped JPM SHORTS off key fib resistance reversions at the 88.52 off the open and near the 89.44 critical 1.618 fib. We spotted a perfect storm set-up on S and took shares long and continued to scale and snip as it found some nutty correlation with TMUS. We wrote some Feb 9 calls for rich premiums that expire in 3 days along with a small lot on the swing trade which targets mid 9s after basing above the 9.06 fib. Downside protected with the covered calls and upside possible with the straight shares.
Closed out the morning with + $405 Profits