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yes weeklies. 4435P 4.5x6.2 and 4570C 3.80x5.60 for example. so if it shoots up $50 it would be at 4563 which looking at premiums the current $7 OTM calls are at 21x24. on the other side if it goes down to 4463 the premiums for puts $30 otm is 13x16. thats an example.
it is unhealthly NOT to have a correction.
is it not tempting to go both ways on ndx? a 50 point move in either direction on wednesday or thursday will net u a 4 bagger or more if u get the options that are around $5.
well i have that descending triangle on ndx and it tells me that tomorrow is judgement day. if we dont lose the triangle tomorrow i think bulls may win. NDX, QQQ, and IWM are all in this together and spy will follow.
the 2 hour, 4 hour, and daily are bearish but the triangle i have drawn was broke mid day but rallied back above it. so it is hard to say. i am fully liquidated after today so i will look for an entry one way or the other tomorrow.
wow brave
ndx puts have saved me...i find it hard that this is going to boince tomorrow. it seems the anomile was the green day.
200ma sitting at 229...i wonder if it gets there
may help my puts
long lnkd and ndx tomorrow?
why do you think its a lotto? the full sto is 3,4 area which is nuts crazy low. it needs a $5-$10 bounce to rectify that situation....right?
yeah this almost looks like a committed bounce. scary
apple could be a leading indicator of the market. if it breaks above 120 lookout. if it halts around 120 and breaks down the market could turn as well.
nice vish
this sure is a convincing dead cat bounce...if thats what it is
nice play sold mone earlier. where are u with tsla and pcln? puts?
made any moves yet?
i think it may be a safe bet...maybe
maybe i went short today on tsla 230P at 1.82 average and pcln 1280p at 3.2.
dumped my lnkd and aapl for decent gains. still holding lnkd 205C because its not worth selling at its current price. amzn puts were tempting but seemed a little strong this morning. it could run back to 540 but rsi is still 67.
doh and i have no position. hard to catch a falling knife though
i agree it could but because te dow is down 7 days in a row i think we get a relief bounce monday on everything, but i would say no more than 2 days bouncing and then back down.
checking the chart...why $25? its already at all time lows. is there some technical your looking at?
ill check the chart on twtr. they need the restructuring.
i only hold aapl 120c for next week and lnkd 195c and 205c for this next week. i hope to see atleast a releif rally on monday but china exports report being down 8% is somewhat concerning. im trying to figure out what catalyst would rally this market. its hard to come up with anything.
i forgot that was even going on.
i seen a chart today stating gold has the highest net long position since right before huge gold rally when it more than tripled in price.
true or not who knows but hidden pivots has a good point. money is flowing out of stocks ever so slowly.
Vish and nolerman, whats on the agenda for monday?
agree. If you were to inverse the chart how many would say we are getting ready to breakout?
1 billion when exercised right?
i agree with that assessment. what im watching for is flow back in for more risk because their funds are underperforming and they need to apply more risk to keep from getting fired.
heres my thoughts. the sooner spy can come back to 157 area the sooner we can start our next bull market. I fear that we have an overall weak market even though the VIX is low. Which to me means, if people dont have fear and still are not throwing money in our market, what happens when extreme fear comes back and there is actually a catalyst to selloff? it seems like a bad acenario to me. #nervously optimistic
nice charts. Does that mean we should be scared because i have been for a while actually.
the last time the dow was down 7 days in a row was 2011. relief bounce on monday?
wow gamestop has over 40% short interest. we need a short squeeze!
anyone on here like amzn calls into next week? it is range bound 523-544 area. looking at 540C for next week. may dabble in a few 532.5C weeklies
yeah i seen that yesterday. if that happens lookout below.
already gapping. we need a nice green day if we are going to rally on any stocks. another big red day would be scary
im thinkin the last few of these job numbers when the market was down as it is now sent the market much higher at open. big time gap up. could be wrong though
did you see this tweet?
@ukarlewitz: Not a fan of single day put/call readings but CPC =1.3 today. 7 of last 8, $SPY closed higher next day. 100% higher after 5 days by avg 1.8%
nolerman holy crap! this is a major selloff and i didnt expect this size move. are you considering ndx puts tomorrow if we get a gap up in the red candle?
double down on fb calls?