Founder's Trading Journal A Trade by AF Thornton Jan 21, 2022 0 Comment It is ugly this morning, but the Founders Group is picking up a small call debit spread (long) position in the SPY (S&P 500 ETF) with the February 18th expiration. We will liquidate on a short-covering rally. The Put/Call ratio is at an extreme – and the daily chart is finally approaching oversold. This is a trade – there is still no swing long buy signal on the Algo.
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AF Thornton Website: https://tradingarchimedes.com A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.