A perfect close to a great week, as the May jobs report alleviated concerns from the ADP report on Wednesday, and equities continued the ramp to all-time highs. The VIX close under 11 and at 10.73. It is actually below the lower bollinger band as well, not usually a bullish sign, but one that precedes a reversal in trend.
Huge moves in AMZN and then GMCR this afternoon provided some silly potential, and Kudos to DallasMav in the chatroom, who was totally loaded for the GMCR move, along with quite a few others.
I did grab some GMCR late, just like I did with AMZN. I had quite a few weeklies expire this week, as the end of the day ramp did not come to fruition. I will be officially starting the 2k challenge on Ditto trade starting Monday, hopefully it doesn't drive me crazy : https://www.optionmillionaires.com/2013/ditto-trade-q-update/
Also, thanks for the patience with the chatroom this morning!
Hope to see you Sunday for the Week Ahead Webinar (register here) : https://www.optionmillionaires.com/live-event-classes-jtv/
Here are my current positions:
Have a GREAT WEEKEND!!