Option Recap: Don't take chestnuts out of the fire

The general idea is similar to last week, so I dont do detailed review，you can read my review for last week if you like.

The S&P 500 fell be its anual support line again in the second half of Friday night with geopolitical shocks. And It closed at a weely low point. My feeling is similar to last week, it might draw a right-leg.

There is a small double-top in past two weeks, and both small tops did not rally to the MA50, it was not strong. As what I said, the S&P 500 probability have a rebound on aroung 4300 someting if it dropped again, there is a strong support there.​Due to Fed has a temporary non-public meeting on next Tuesday, even Ukraine issue is not femented, the market wll not stabble next week. I keep my mind that do not do some Sell Put that you are unwiiling to exersise . Although I dont think that geopolitics will affect the U.S. market , but the mood will, VIX broked $25 again.

Let's take a look at Russell 2000, a small-cap index that I am care recently. The Russell 2000 performed the best of the four major indices in Friday's late session kill, while the Nasdaq was the weakest. That means, among growth stocks, large caps fell more violently than small and mid-caps, or perhaps small-caps have been oversold earlier.​

Both the Dow and Nasdaq have much the same pattern as the S&P 500 , but the Russell 2000 is completely different. The Russell has been walking a line of oscillation upward for the past two weeks. There are two following scenarios. I certainly don't want it to go the right-leg like the S&P 500, but rather to choose to bottom each pullback higher than the last and continue to oscillate upward to above pressure.

Of course the market can not rely on ideas. The MA50 line was crossover MA200 line in January 18. If they crossover again that can really determine its tendency to rise. Russell is still worthy of attention.​The trend of most technology stocks is similar to the index, not talk about them in particular. If you have a position and don't want to sell it, try to earn some premium with sell covered options.

​$Tesla Motors(TSLA)$After walking for a short period of small swing, choose to go down to see if the positions from 790 to 800 can be supported again. It is a bit unclear. If there is no special reason to take over, it is not recommended to operate. I will probably contact the long-term position here, so I will sell put below 800.

$Activision Blizzard(ATVI)$ I was taken over by exercise$ 80 before. This week, I have returned to this book. Although there are not many accesses and the increase is not fierce, I am very practical. I will try to continue selling ATVI's put, and if the market drags down the plunge, I will continue to take over as Nadella's friend.