The Canadian came within 5 ticks of the stop and then within 4 ticks of the initial objective before coming back down through break even. I'd stand aside here. I wanted to trail a stop on this trade as I thought it had potential to rally to the overnight highs. Now we will have to wait to see how things pan out from this last selloff.
Stocks are trying to rally and the Vix has been coming off nicely for our short put positions. The nasdaq in particular may develop a buy signal on intraday weakness.
Posts
