Saturday, September 27, 2014

Weekly Market Reivew K200

K200 closed at 258.33 on Friday, 26-Sep-2014, lost 3.98 (1.52%) over the last 5 trading days.

Looking at the bigger picture on daily chart, K220 continue going down while trying to go up.  And it established a lower high and a lower low.  It is now on downtrend.

Looking at the Weekly chart, K200 drop below the trend line and ended lower.  Unless we get a bullish bar and ended above the trend line, we might have weekly downtrend soon.

Att Monthly chart, K200 dip briefly below the uptrend line.  This is again bearish.  With another few days to go.  Let's see if it end below or above the uptrend line.

November Position : Iron Condor 242.5/245/280/282.5
I have closed the Call Spread 280/282.5 as it reached my target profit exit criteria.  Will update in separate post.

November Position, with only the Put Spread 242.5/245, is currently at a paper lost of about 0.03 points (KRW 15,000, before commission).  K200 is about 11 points away from the Short Put.  Delta is at 0.1309 for Short Put.  DTE is 47 days.  This position looks ok.  Just need to keep a close watch on the Delta.  

Trading Calendar
Friday Oct-3: KSE will be closed for trading

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