Trade within your ability and risk tolerance. Increase size and frequency when ability and tolerance permits it.
Although IV(30) front month increased today 16% still well below its median 19.4 which makes the option market relatively cheap. Yesterday, we recommended that buying options are now the best time before they become expensive. Today’s bullish gap up didn’t sustain longer and the market brought down all strong stocks with them including $AAPL and $FB but some other industries were strong and could continue to remain strong if the market heads to South. One day price action doesn’t change the trend and $AAPL could give new investors and traders a chance to buy on the dips. A new trade plan is drafted tonight for tomorrow’s sessions and details are on the live-blog.