1:08 pm PST. I had to laugh because SPY decided to do the range-bound correction first before making another attempt at $236. I did two good trades today – I closed out my FXE puts for +120%, the best returns I have had so far since wading more into the options market this year. Second, I closed out BIDU calls from two days ago for about 40%. The rest I stopped out of and there were a lot of em: GDX, GLD, SLV, TLT puts; AAPL, SPY, DAL, FXI calls. I trade the weeklies. Some of them expire this Friday and they move fast. I think, however, had I held onto my AAPL and SPY calls until the end of the day in accordance with my view that SPY would try for $236 I probably would have profited, but being new to options and seeing that the trade was not going in my favor I think I got shaken very easily. So, good learning experience today. The rest, I am glad I got stopped out of.

JNK closed .01 above the prints, which would imply bullishness on SPY, but I am not sure, so I have no trade on there.

Interestingly, treasuries were up today along with the indices, dollar, and gold.