Hi everyone, I hope you had a nice weekend. I got out of AMGN on Thursday for a .7% loss on my account. I took the loss a bit before my stop loss because the trade went against me relatively quickly and earnings are coming within a week.
I also started a relatively large position in DKNG by selling 5 in the money cash secured puts (strike price 45, expiration 10/30, sold for 4.5 each). You can read the details in my previous post.
I’m guessing we move lower next week, but I’m not sure where we go.
SPY weekly chart below: