The pre-market action has really left the High-Probability, Mean-Reversion strategy with very little opportunities for entry. There are still a few potential trades in the work, but if August goes without a trade then so be it. I am not going to force a trade. Trading to fulfill some type of quota is ridiculous. Trading is not based on the calendar, it is based on opportunities and unfortunately the opportunities have been non-existent. However, as we all know they will be back and be back with vengeance. That just seems to be how the market and moreover, how the High-Probability, Mean-Reversion strategy works.
As for the Theta Driver strategy, the trade is currently worth $.09. The underlying of the trade is still well below the short strike of the trade. Right now credit spread opportunities are bountiful so I will most likely place another credit spread trade before the week ends. Subscribers stay tuned!
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