We have had a very nice go the last 2 weeks. Lots of winners OXY, JNJ, AMD, JPM, with LVS so far being the lone position that is currently offside, though with lots of time to write against the long dated call as part of my TZT strategy. Today I exited my JPM spread for a $2.25 per contract profit on an initial $3 margin.
As I said yesterday it is time for patience again. Hopefully after the last 2 weeks you can see how patience DOES pay. Right now this looks like more chop. And chop is not a time to be an outright buyer of either puts and calls. Stand aside until an opportunity presents.