Making Love Over Video Chat Looks Bullish
Setup looks bullish as it completes 5th move of Elliot Wave, bounces off bottom Bollinger Band and cuts through 10 ema on the hourly.
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Considering that SPY looks bearish right now, I bought puts in MU which seems to have a bearish setup to hedge this.
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sold calls at 81.87, looks like SPY formed head and shoulders. I want to avoid market risk as I already exited my hedge early since it hit it's stop. Maybe in the future I shouldn't do that?
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Net profit of .23 including loss on hedge