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Enjoy. This is my last week of the weekly grind. I cashed all my 277c at the close and will unload my 280c today. Aside from that I’m just in a few December and January calls that I’ll let unfold without much monitoring.
Happy holidays and stay neutral!
Totally agree. So many posters live to ask “do you think spy will get to xxx in less than two weeks?” Or “how / low high will spy by xxx date”
It’s as if all the posts, charts, and insights are glossed over.
One of the first things people should google is “trading price” or “price action trading”. If one doesn’t understand this then little of these posts will make sense to them. Proof is in the confusion in some when a posters prediction for price action changes because of ... well... price action!
Here here !
Nice work Net! Great work this year. A well deserved break!
Nothing wrong with enjoying the win and sitting in cash.
Stay Neutral
So much for that... all markets look flat to slightly green. Nikkei , euro, Dax , US
Have to think 2700 spx is coming before any bounce / relief
There’s was a 10 point drop in spx in a matter of a second or two.. markets nasty these past few weeks
Lower bob!
You mean 276?
This market has been a whipsaw lately... wouldn’t surprise me.
I bought some SPX 2745 @ $2.60. Let’s see if lottos can pay on a Friday.
Timberrrrr!
AAPL is moving in that direction. They said on their conference call that they’ll no longer be providing quarterly unit sales figures. That’s a huge shift. Stick dipped $5+ on that statement.
All caps... nice touch
Just stopping in to run your gap as usual...
Happy trades
BTO 11/2 269.5p @ .90
Still net long with 11/2 275c , 11/7 275c , and 11/16 277c
Love these NN propriety forecast tables!
I see a very similar direction. I would be surprised if we don’t see a little more volatility in the days around the ejection I’d be surprised , but the charts and prices are usually much more reliable than the news a politicians !
Stay Neutral my friend
272.12 in the early session.
I think this recent range of volatility takes us through next week. 265-275.
Then it’s a politic thing where we could see big moves in a 1-2 day stretch. After which this market digests the news and heads towards ATH imo.
Just purchased some 11/2 273c myself at 1.10.
Good luck NN... feels like it’s going to be quite a ride these next few weeks. Have to feels the dips to ride the rips!
BTC these 10/31 273c @ .38 from .75
.37 gain
STO 10/31 273c @ .75
Still holding 275c and 277c for 11/7.
BTC these 269c at .06 from .70.
.64 gain.
Time to enjoy the weekend.
See ya Monday folks!
Staying nimble and playing with house money... spy can do anything on a volatile Friday as you know Danny!
Selling some 11/2 calls here... premiums high and we are either falling back or consolidating at this point in my opinion. STO 269c weekly at .70
Closed 11/2 273c at 1.60 from .90
and 270 at 3.00 from 1.88
Still holding 277s 11/7 from .71
I’m tempted to take profit, but then I think I’m not allowed to touch that SEP money for another 30 years sooo....
Nice work! I love that volatility is back... been about a decade !
I was a buyer of TSLA , AMZN, GOOG and TWTR near their lows today... just some underlying shares for the old SEP IRA. Too tasty to pass up !
Yessir !!!
And I just keep buying that dip...for a trip back to la la land !
Love me an over reaction !
And a here we go ...
Yet those warning signs were wrong for months
Feeling like a flush. If we reverse today and close above yesterday’s low on high volume I’ll be buying many calls
Very true, but big IF.
I am looking at 30 and 60 min charts btw...
All eyes on the close... I’m waiting for a reversal of meaning today or seeing what the close looks like until I add anything.
Seeing some + RSI divergence on the yesterday / today double bottom (?).... and right the bottom of the wedge support
I think it’s volatile until the Euro close.. then grinds from R to G.
That’s using the ol’ grape Net! Those STO should pay nicely and 11/7 date on the long side should give you plenty of time for recovery.
Happy Trades
He didn’t enter the trade then... just alerted to the movement of the underlying.
I wouldn’t be too concerned with NN’s W/L $$$.
Calling big drops to the day weeks in advance.
Pretty dang impressive my Neutral friend
Premium kill afternoon
My guess is he’s net-short with puts for next week.
Feeling that way...