Review of JOYG Trade

I closed the JOYG trade on Fri. As part of my trading style, I like to close my positions before the weekend. As you know, the stock market is increasingly volatile compared to 10 yrs ago, with geo-political issues, terrorism, oil concerns etc, anything can happen over the weekends & I like to minimise my exposure. The last thing I want to see is a profitable position turned loser due to some gapping action which even with a stop order attached, will sustain big losses. Remember, options, unlike stocks, have time decay. Your holding power is limited.

JOYG seems to be consolidating in a range of 33-33.5. Sensing that it was heading no where, I closed my position before mid day. May consider entering again if it breaks out of the tight range. We'll see.