#2788 Mar 30 7:19 PM
I can't agree more. I would put a working order at break even a pray for the best.��
Verticals on call are a no show, cause every time we are at extremes to the up side is accompanied with no volatility that make the trade very hard to make money.��
Hope for the best, and good luck.��
Someone sent me an email asking for help in adjusting.�� The person entered Apr1 2100/2110 call vert on SPX.�� I look at Fibonacci levels and trend lines before I enter.�� Dave Johnson told me its not wise to enter a call vert at support.�� Like I stated before, I do not do SPX call verts anymore because of the bad credit and you really cannot enter beyond 30 away.
The closest resistance is about 2115, so having a call short at 2100 is not wise.�� The only thing I can say is pray for the best.�� If you adjust, I would be looking at 2115 on the short and higher.
You have two choices
1.�� Pray2.�� Exit with a small lost.