OPTIONS TRADERS CO-OP

[Beerworld]

Whew, I suddenly realized fast how much a position of that size can move!!!! 😁
And I was too early LOL should have just sold 90 :)

[johny1]

LOL Oooooooh Lucky lucky lucky. Glad it worked out!

[johny1]

STC @1.52

[Beerworld]

Holy crap I made an error in my favor, scared the crap out of me.
Buying 10 Spy calls accidently bot 100 !!!!!!! and they went down right away, but I got out of all of them 1.36 - 1.92

[johny1]

BTO SPY 553 C@1.21

[FAT STAX]

SPY Daily:

Heavy pockets of retail long chasing = yellow candles with "R" above
Trap door threats = lows of yellow candles with "R" above
Noted price action marked with timestamped lines

Retail chasing aths since 5/15

8 trap doors activated this week

Yesterday SPY narrowly avoided the ninth, the $548.65 7/3 low

Another big trap door threat looms underneath, the $524.72 5/23 low

[trading.jeff]

Got into $SPY today's 552 puts too early and got out too early, too, before the current drop; did make a small profit.

[johny1]

STC @1.36

[johny1]

BTO SPY 550 P@.91

[Beerworld]

WTG Microsoft

[Twilson]

It almost touched 50ma and bounced hoping it will get to 20ma

[Beerworld]

Good give it time

[Twilson]

I have 2 7/26 call contracts a little lotto

[Beerworld]

It was one of the hardest hit. It's up but about middle of it's days range.
That said if the market bounces it will also ALOT!
There are motivated buyers and sellers

[Twilson]

Makes sense but green today like the heavy selling had stopped.

[Beerworld]

Consolidate here, 120 until market decides how far it wants to drop?
Problem with the drop in all the Big tech, too many momo players got stuck and itchy to break even.

[Twilson]

You think nvda has bottomed or fake bounce?

[johny1]

BTO SPY 554 C@1.04

[Beerworld]

I thought MSFT bottom was 440, wrong

[johny1]

STC @1.00

[johny1]

BTO SPY 555 P@.56

[johny1]

I want my puts back! LOL

[johny1]

Scalped some some SPY calls at the open. Picked up a quick 60% gain on pits a couple minutes. That was more luck than anything. Looks like a big red day coming. MSFT can't get a break

[johny1]

Looking good so far!

[Beerworld]

It's the only help I'm getting!! MSFT 🍻

[Beerworld]

I gave myself plenty of time, next Friday. Looked like 440 was a good chart point.

[johny1]

That one is due for a bounce

[Beerworld]

Bot next week MSFT call 450 @3.15

[johny1]

BTO SPY 558 C@.70

[Beerworld]

sold at 2.14

[Beerworld]

Bot SPY 7/18 560 c @ 1.75

[Beerworld]

Bot SPY call 7/17 565 c @ 1.06

[johny1]

BTO TSLA 250 p@4.70

[johny1]

BTO SPY 561 P@.62

[Beerworld]

I had SPY , MSFT and QQQ calls held over that I got out of early. Rest of the day I lost on some scalps

[johny1]

Thanks Beer. You trade anything today? Its tough with these new all time highs then big drops out of nowhere

[Beerworld]

WOW GREAT timing

[johny1]

STC @.75

[johny1]

BTO SPY 562 C@.52

[johny1]

STC @.72

[johny1]

BTO SPY 561 P@.42

[johny1]

BTO MSFT 455 C@.99

[Beerworld]

Small MSFT call position, tight stop
457.5 @ 1.21

[johny1]

BTO SPY 555 P@.27

[johny1]

STC SPY 556 P@.91

[johny1]

BTO SPY 556 P@.74

[johny1]

I was looking at SPY

[trading.jeff]

Which underlying?

[johny1]

Holy cow... Almost tried calls about a half hour ago. Dodged a bullet there

[Beerworld]

Scalping to help with the losses.
Unusual thing I have several stocks doing quite well, that helps.
Otherwise just watching, the econ news was good so at sometime, maybe not today the market should continue up. JMHO