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I was a purchaser of some 7/6 2740s @ 7.90 today along with 7/6 2750s @ 5.00
EEM AUG 42.5c saw 11k vol today on only 337 OI
Just walking higher like a gentleman
$SPY
That’s my thought.. maybe even a new intraday low tomorrow, but I expect a close above today’s.
Sold the 2750p at a 35.00 avg from $7.60
Rolled small amount of profits into 2700p for 6/27 @ 5.80 and 6/25 2705p @ 2.60
Have some 6/28 SPX 2750c that should pay nice at the open.
Plan to sell half and roll the other half down and out. Hard to think we don’t print 2690s this week.
Happy trades Net. Looks like it be an eventful week.
I could get down with that...
Sold half 6-22 276.5 at 1.93 from 1.05
Sold half the 6-22 276p at 1.50 from .75
Riding freebies from here
Feels that way...I’m starting some short positions. Just sold nflx, googl, NVDA, AMZN, calls. Mostly sit and wait kind of afternoon
Sorry...second bug was 6-22 276p @ 75 , still holding 276.5p from 1.05
Picked some 6/22 276.50p @ 1.05
Added at .75
Double @ .90 avg
Picked some 6/22 276.50p @ 1.05
True
Happy trades NN...have some 6/20 spx 2760p purchased yesterday. Let’s hope this blood holds up into open!
Happy trades...
You’re not playing against anyone else, yet you make snarky comments to successful posters that actually post their trades and set ups.
Hard to see the value you bring... other than some JV trolling
Happy trades..
Truth
As is run far away from all things SPY, or SPY is gonna RUN li,e Gump?
Some day... dipnrip
Dip and rip
AAPL double hammers on the 60m chart...
I just picked up some BITA JUL 30c @ 2.00. The chart looks like it’s got life and this puppy has 70%+ short interest
This is a lotto for sure, but short interest like this can unravel in a hurry resulting in large gains... we’ve got a month plus to go, but just thought I’d share
No problem... we all fall victim to the chubby finger!
Just trying to figure out where NN stands
Just trade what it’s gives us risk....
1.15 on 279p’s?
Example: trump election resulted in a huge run up in the market ahead of tax policies and jobs numbers.
The market is a leading indicator.
If the market is always right, then maybe it has to be considered that Trump is right in terms of trade. Where is the market reaction? The fear? The VIX?
I’m bullish... but quiet. With the volatility / chop we have been seeing another drop is possible, but this is a clear uptrend that should be fought imho
Why the need to spam other boards to get attention if this is such a lock? Or are you just doing all your fellow traders a solid.
A lot of pump and dump ingredients here... if it looks like a duck as they say
Lol. This is some of the funnier spam I’ve seen in a while. Thanks for the chuckle
Agreed!
Grabbed some 2750p just in case, but mostly cash other than some July calls I rolled into. I had myself a nice little week in various tech calls, so a little lotto / pseudo hedge play on a spx drop is certainly in the cards.
Pushing to close HOD and possible HOW and a 30+ day high.
I may buy an SPX 2750 put for next Wednesday before the close, but tough to see any retrace before we make a stab at 2800.
Have a good weekend. See you back at it on Monday for the sub 270 drop?!?
I like some VXX calls for next week above all else, but likely going to wait and react vs act pray
I believe he felt weakness would take hold and that we would close 273-275 and gap down to 265 area Monday. If said weakness doesn’t show up, then he still expects a gap down Monday but from 278+ as opposed to 273ish.
Don’t hold me to those numbers, but I think that’s what he was saying
I put much stock in your words NN. I’m mostly cash so will likely buy the dip to play the rip instead of lotto calls into Monday. My baby blues don’t see much in the charts today that has me compelled to act... yet!
Good luck and best to your weekend.
I’m a huge fan of your Net...you know this, but I just can’t see 100+ SPX point gap down on Monday. Actually looks like we are breaking out of a bull flag on the 30 as we speak. If we can break through 2770 resistance we may head higher, but I actually think we grind in the 2760s today.
Maybe trade chaos has your dreams coming to fruition?
Is there any price action that would invalidate your Monday gap down call?
Yep..hung himself. Friend and chef Eric Ripert found him
2759 has held! I’m not seeing the cascade lower, just more range bound chop. Good luck NN
Yea.. I sold my hedge this AM. Just riding 6/6 spx 2750s and some standard big tech calls for 6/8. I’ll likely shop for 6/13 puts if we near 280 by week’s end..
Board looks bearish... I think we press long another few days.