Out calls and back to full shorts.

Yesterday during the drop close to 5200 I said I was buying short term calls OTM because I thought we'd see some sort of bull trap.

Had through it would be a lot bigger but the main thing I was looking to see was a clean 2 leg bull trap.

We have this now and are in the potential reversal zone of a bearish butterfly.

Implied target for a successful butterfly would be capitulation to 4150.

Comentarios:

Timely. Stops to even on entries from the high.

Operación cerrada: objetivo alcanzado:

Touch early on the flip from calls to puts but that completes the first downswing targeted.

Hopefully a bit of a rally now to set up a second short.