Trade Execution:
Bought 102 July 130 calls on the Spiders Fund (SPY)
Limit price filled @ 0.88.
Time: 6:44 a.m. (PST)
Date: Monday, June 27, 2011
Rationale: Oversold conditions in an uptrend. Up trending MACD on 60-minute chart. Up pointing 200-day moving average. Market did not drop to or test 1262 in the first 15 minutes of the trading day. Anticipated drop happened in overnight futures market. Probabilities favor market rise into July 1, 2011.
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