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I’m feeling a gap and go on Monday after we grind sideways and burn premium tomorrow. May even squeeze some bears tomorrow, but I’ll be adding to shorts near the close if we look like we are closing under 2710.
Happy Trades
Does this price action invalidate your deep sell off call for the coming weeks?
225 by 6/11?
Wowsa! Not sure I can get there, but I’m riding puts this week.
Best of luck NetNeut!
Sure, but that’s first week of June. We still have one final short week of May to get through
I think we get sideways days next week. 4 day short week. 271-274 range.
Paint drying kind of market
Then dip and bounce I presume.
This fed won’t provide any surprises imo
Happy Trades
Lol. Thanks for the chuckle. Good luck!
Holding some puts I assume?
I don’t disagree, but i fear you may be a bit early. Time will tell! Good luck
Glad I cashed most of my positions yesterday
Well played
Perm burn kind of day
Do you consider these premarket gap fills as well...legit? Or do you need it during 930-4:00 est?
Bought some AMZN lottos. 1580c @ 3.75. 30m chart looks ready
$7 quad! Beefy!
Lol
Just going to grind through earnings season in a tighter and tighter range imo. At the wedges end? Who knows
I think we are just narrowing the trading range until we make the next big move. I could see this grinding to a halt... what once were 100 pt SPX swing days go to 50, then 30, then 10 peak to trough. I think you day trade or sit on the sidelines. I think buying contracts even a few weeks away will just end in watching them burn.
Cash is my primary position barring extreme OS / OB.. and even then
I could see FB conference call being a wet blanket , but we are due for a bounce ... at least near term!
I bought some 4/27 2650 calls at 8.50 in the final hour. Still holding green May puts.
Feels like a see profit, take profit kind of market. #Choppy
Yes, costs were up. Yes, that leads to lower net margin. (Duh). Yes, it’s nearly impossible to grow your net margin once you’re already the third biggest company in the world. - that’s just simple math of large numbers.
Revenue up 26%
Ad Rev up 24.4%
Hardware sales up 34.4%
When you’re a 350b company that’s still seeing 20%+++ growth expenses are going to be a part of it. It’s ridiculous to say that this quarter was a bad quarter for GOOGL. The only concern today is data / privacy regulation.
That’s many quarters away.. Bears will get slaughtered if they try and get ahead of that move lower.
3.50 avg**
Just closed these @ 9.50 from 3.50 ACH
I actually just bought some SPX calls. 2660 is my line in the sand.. looking for a bounce here.
Fairness does matter NW
Sad SPY -:(
To be fare... haven’t you been pointing arrows down for a couple years now?
As corporations and estimated to buy back $800B of their own stock this year. That’s $30B every two weeks for the entire year.
We just disagree on VIX/VXX. I think it would be telling us something. You disagree. That’s cool.
VXX seems unimpressed today
5d crossing 10d on the 60m
Cut the rest loose at 3.50 from 3.00
Feels like wild chop that should clear up early this afternoon.
Sold half the 2700c at 3.35 from 3.00
Lotto only... not really playing the markets this week. Just saw the bounce off of 2667ish and thought I’d take it for a spin. Will cut my losses if we close below that level
Filled some SPX 2700c for 4/25 @ 3.00 this AM.
SPX test / bounce off 2666-68 support area.
That weekly is no bueno.. could see a cap down weekly next weekly that ends north of a perfect doji
Picket up some 268.5c @ .31.
See if we get some juice this afternoon.
This is very likely. Just have to wonder the exact timing. We both know before such corrections there’s often a raging move higher
Possibly, but if unemployment is at all time lows and he denuclearizes the Korean Peninsula I’m not sure any incumbent gets displaced.
The GOP could be worries about the Dems taking the White House, but the Dems would have to come up with an idea, let alone a platform and an electable candidate. I see nothing of the sort today. Trump has them so triggered the party is adrift - unlike the fractured GOP. Not sure which is better / worse