Nothing to write home about: tight range day, for which I am satisfied; can't trade NEM anyhow on a daily basis. So I will continue to watch the 52.5 level and if we don't get there, I will just ca-ching the next week's option series.

Okay, NEM ranged between those S&R lines I drew a few weeks ago.



And sporting a new look on the daily/weekly chart.

new weekly option series today.

I was using the twin SPY vs SPY template, but with 30 / 10 charts. With NEM, I saw it opened below the reddish ZLEMA, red candled (30 min). I had the 52.5 calls, so with NEM below 49, I vertical spread the 52.5 to 50. So, I brought my trade zone to 50 until Friday. Problem is that I did it with the wrong account so I had to reverse it. I did it with the right account right away as shown.

Interesting: ZLEMA is below the Bollinger Band on 10 minute.

down and more down. I will wait to Friday afternoon to put on next week's options series. Because, I can read a chart and it might say lower now but higher later. Looking for the 50 strike.



da, a break of my support line and on top of the next

I bought the 50s back this morning at $1 each. Then in the afternoon I sold the 49s. I sold the 49s instead of the 50s because I wanted more premium. So I will deal with the 1 pt spread on Monday. Tread is still down, but coming to one of those S&R lines I drew on the other chart.

NEM pushed higher all day. I don't want to day trade it. But the 49 strike is being violated, so I took a flyer with a 48 buy write to buy me some more upside with extra premium and to see tomorrow's open

need to watch this chart

My sense of selling the lower calls was better. Everytime I have to think, I am wrong. That's why I use charts. So trying to protect my upside, I opened the downside and today NEM opened to the downside. So I decided to play this out with a put spread, but by the time I made this decision, NEM was down a bit.



I played it correct and I was trying to anticipate the turn of the double stochastics because indies are late in signals and I had to deal with the bid/ask spread. I did good, I could have done better with the unknown. My reward was little. NEM rallied with the market, but the rally looks corrective.



Lesson: Just play (trade) the long puts, more reward.

Price didn't range much today. I have the 48 and 49 calls. Between the two is good.