MTPR...sleeping giant...could easily see .02++ given the moves in OTC tickers these days since the float is not huge.

NWTT...more to come IMO, might see teens this week!

Looking like a nice R/M type play here; pennies can be possible with these things...

Last time I saw accumulation like this on an old MinaMoo ticker, was LDSR reverse merger which went from .0003 to .02+ within 4 months. Best just to accumulate and hold shares IMO. I’ve been trying for .0001’s for a while and added 20M .0002’s today.

Ugh, I was one of them, Ang - sold my 252 P’s for a $400 loss...if I just waited 10 more minutes, it would have been over $+5k profit. That’s how treacherous this market is right now...

Anyone notice how all the retailers got beaten-down today; M -3%, KSS -4%, JCP -7%, XRT -2.5%?

With the retail sales number coming out tomorrow, do you think da Boys know that the data will be a total miss, or are they just playing "caution to the wind"?

Either way, I feel the opposite and that retail data should be strong for November given Black Friday record sales and many retailers upping guidance after Q3 numbers etc...

As such, I added M and KSS for 2-3 month hold + 12/28 calls in KSS and XRT + HD...

Other than that, mostly cash and no SPY position...for now!

Very well said, Empty - I went 100% cash today since I do not like the action here..."no mans land" IMO!

Unbelievable, I thought that my 264 P's were dead and buried.

Now holding heavy 12/21 264 P's and 267 C's, and feel happy with my straddle. Given this daily whipsaw action, this seems to be a good way to play SPY, and make profit on both sides during intra-day swings but timing entry levels is crucial.

Now that was an impressive SPY spike! If this continues to close above 266.50, then da Boys definitely played-me with their "picture painting"!

I added significant 264 P's just before that spike!

Will add 267 C's on any dip to compensate/hedge...

Wow, Net-Quad, looks like you angered the bears again...sell programs on and in full drip-drip effect!! I would love to see one of those "infamous" SPY rips higher and higher, but the selling pressure is endless...

Market looking way too sick to rally...

I suspect that if SPY doesn't close above 266.50 after handsomely gapping above it, we might see SPY 253 in short order...

JMHO

Sure looks that way, BOS! I just sold all puts and kicking myself because it seems WAY too soon!

It does seem to be looking like a repeat of yesterday....constant selling on every "attempted" rally to possibly sucker-in bears, and then a big green candle to change direction...

Looks like you upset the Bears, NN, or da Boys might be setting up a bear trap....looks very convincing right now!

Seems to be fear of EVERYTHING right now...what a contrast to earlier in the year and 2017 when SPY would gap-up and grind higher no matter what!

Makes for good trading gains if one can get the direction right...

Basically, I always have straddles now because there's always a sharp UP and DOWN move weekly.

Brilliantly done, NY!

You got it right! Looking like NDQ about to turn positive!

Lol, I noticed that...it's almost as if they read my post and said...we'll show you!

I'm not sure about that, NY - DOW is still -400 and the selling is persistent.

For me, it was a big NEGATIVE that SPY didn't continue to rally after tapping 267.63, and fell all the way back...I wish I'd added some puts then, and was trying but my connection got interrupted right at that moment!

Thanks BOS, I agree, I am going to hold those calls nice and tight. I truly hope NN's forecast of 285 next week transpires!

It's been a GREAT week for me...I came back from the dead!

For once, I caught the bottom, BOS - I was watching and waiting patiently for 262.50 as the bounce point! My 12/14 268 C's looking good, but as usual I have protection puts, SPY 12/14 262 P's which I just added...

My concern is that the DOW is not joining the bounce-back here, but FANG looks like it's had enough of this down-draft...

Kerfluuuush - I hope they drop SPY to 258 today and we get a real FLUSH to get rid of this nonsense...

Personally, I avoid same day expirations since I've only ever lost money on them, and with options, "time is your friend"...

Also, in the event of them going ITM, I don't like the risk of them being exercised.

However, I heard of a trader who bought SPX puts yesterday morning with the DOW already down over 100 points at .10, and sold for $15...blows my mind! Supposedly turned $1000 into $150,000 so there's a basic idea of the risk vs. reward incentive...

JMHO

I just sold all puts, NY, since it was a $30k haul - whew! Made up for losses of the past week and then some!

I always enjoy a good clonk; SPY should do the same today, and hopefully follow Tokyo...

Hope so, I am 70% P’s going into tomorrow!

Thanks NY...hard work for no reward other than trading survival...hoping my 278 and 276 P’s work for the next two weeks!!

I did have calls, BOS, and sold at HOD but they weren’t big enough to cover the loss. I did believe that the G20 outcome would be negative which was a gamble, and a stupid one for 12/3 expiry options! I still see the tariff situation as a negative and think SPY will need to fill the gap at 275.50, before breaking 281. However, da Boys seem up to their old tricks of gapping above resistances, and allowing only minor retrace, so I’m not confident at all.

Yep, and I was the biggest sucker...note to self, never trade while on cold and flu meds! Made the mistake of thinking my puts were for 12/7 when I bought 12/3, lost $7k overnight...!

I've made up $3-4k trading the swings today but so angry for stupidly putting myself in this position!

Range bound given G20 hanging over the market...the market wants to rally but is being kept in check due to G20.

Personally, I think that once it's over whether a "negotiation", or not, the market is going to rally into the EOY...

Having said that, I always have those protection puts!

JMHO

Very interesting indeed, BOS - I have never seen my puts maintain premium like this...definitely holding tight because it's looking like a bull trap at the moment...

I would think at least a test of today’s low or 272.50 to see how the bulls respond. A lot will depend on what or any news from G20.

JMHO

I'm holding my puts, BOS = they're 12/04 272 P's so I have time...wish I had bought them at 275.50 and nearly averaged-down there, but "wimped" out!

Yes, and pers is correct IMO in that much of the positive Fed news is priced-in so a drop and consolidation should be expected, but clearly the bots are back in buy mode...JMHO

Usually the first 30 minutes is the WRONG direction - I just added puts but can't say that I'm comfortable since it looks like buy-bots are protecting each support level and pushing higher...

Looks like Kudlow made a statement that nothing "formal" has been planned wrt pre-negotiations with China for G-20 Summit. I can't imagine why that spiked the market, but it did...kind of similar how when FOMC minutes are published and the intial reaction/move is the wrong direction.

However, I'm happy, got my puts order filled and sold about 2 minutes later for 30% profit...I'll take that!

Did the exact same thing, Pers, especially with the second attempt at 267.15 failing - added some 265P's for a short-term drop, and will look for calls if the LOD is not breached.

Well, this is the first day in the last 2 weeks that I am holding calls overnight and without protection puts...and I don't feel good about it!

While there has been some buying today in QQQ's, it hasn't been enough to overwhelm the continuous and persistent selling, so it's looking like a "flush" is needed and tomorrow could be the low 250's i.e. Feb lows...

Exactly what I've been seeing and preparing for, pers...but looking almost impossible right now unless there's consistent buying because the programmed selling doesn't stop for a minute!

Thanks spartex...boy did I need it! I gambled FAR too heavily on the TG and Holiday rally and AMZN was a $50k call position that went to hell!