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Vxx trying but hasn’t closed above its pivot point on the 15 min yet... freakin money flow and a/d on the Vxx 15 min is UGLAY... spy
Vix-ion trying to be fashionably late to the party..!?!? But the boyz keep saying... I hear you knocking but you can’t come in...! Spy
Trying to paint indecision... when all they are really doing is just pinning it in a range... spy
Everyday..! Lol na short weeks like this are bad about it most of the time... but ever since they added mon and weds expiry it really seems to have made things worse... just my .02.. spy
305.45 to upside.. 303.87 to the downside... stuck in the middle with you...! Spy
Kinda screaming breakout on da 15... we shall see... gla spy
K well I let go of most of what I could as we are so close to expiry... only bad thing about the other etf options is some go to no bid real quick on days like today... I let go of most of my eem... and my xlf 22.5p... let go of vxx $36c and Vxx 32.5p holding everything else... little bit of a loss but mitigating risk here and preserving capital..
Holding:
Eem 35.5p
Xlf 21.5p
Xlf 21p
Vxx 35c
Vxx 34c
Vxx 33p
Gla spy
Nice..! Hopefully so... I had my upper target at $25ish for xlf... Glty
Xlf a little wobbly looking... eem just sitting there looking Stoopid in middle of my range... for like 3 days at that... ugh... lol spy
Tryin... operative word there...! Lol gl spy
Aw man...! Vxx Still within the range upon open.. spy a bit higher eh..! Nice..! Great job call holders..! Waiting to see how Vxx reacts today... and will exit as necessary...! Gla spy
For sure...! Not trying to be a bummer...! Gl spy
Careful what you ask for...! I mean... We are in interesting times and not going backwards are we... spy
Well for better or for worse my current port looks like this at the end of today...
Holding:
Xlf 22.5p
Xlf 21.5p
Xlf 21p
Eem 38.5c
Eem 38c
Eem 37.5p
Eem 36p
Eem 35.5p
Vxx 36c
Vxx 35c
Vxx 34c
Vxx 33p
Vxx 32.5p
Gla spy
Vxx may need that 30 handle before it runs... perhaps a bullish vxx strategy was too early..? Idk.. but it’s was half chart based in the am... and half gut into the afternoon... lol... spy
Players dumping poor vxx/puts into close so far... sigh... spy
And I may have just sealed my fate..! Added vxx 34c here @.83 and vxx 32.5p @ .56... as spy rockets to the loon... I mean moon...! Wee..! Spy
Looking for a vxx close above 33.88 if vxx wants to come back and play... if not then it may be down for the count... poor vxx... never gets a chance... spy
Vxx looks A lil rough atm... spy
Ran to get some beer and come back and spy’s still just hanging out..! I mean cmon spy... spy’s all like bro can I get one..! And I’m like no..! For gods sake go home you bum...! Lol spy’s a little dense... doesn’t know when it’s worn out it’s welcome... spy
Got an order to add a vxx 34c @ .75 if it ever gets that low.. if not one happy... if I get it then I will probably add 32.5p as a hedge in case... but I don’t think they’ll let me get that lucky... spy
Awesome..! Glty... spy
Well hell... ran to the dispensary.. er... uh doctors office and come back and what in da H...! spy/vxx all dancing around together... geez get a room you two.. but anyhow spy under mid bb currently on the 30 min... but trend is still up.. BTFD..!?!? Not me I don’t think atm... but I could see how one could assume spy wants to continue higher... ya know with it holding supports where you’d like to see them on the 1 hr... idk what does it mean... spy’s all can I get “high” with you bud and I’m like no go home spy..! Go home...! Lol... anyways gla spy
Alright well figured we’d add here ... seeing Vxx improving technicals as it appears distribution/consolidation happens.. could be a little volatile..?idk but here we go...
Holding:
Xlf 22.5p
Xlf 21.5p
Xlf 21p
Eem 38.5c
Eem 38c
Eem 37.5p
Eem 36p
Eem 35.5p
Vxx 36c
Vxx 35c
Vxx 33p
Gla spy
Lol...! looks like just in the nick of time also...! Spy so crazy..! Gla Spy
Awesome..! Sold spy and xlf calls at open... did not touch eem position.. not gonna add any calls atm and not gonna sell any puts atm... so that leaves me with:
Spy $303c sold @.57
Xlf 23.5c sold
Xlf 23.c sold
Holding:
Xlf 22.5p
Xlf 21.5p
Xlf 21p
Eem 38.5c
Eem 38c
Eem 37.5p
Eem 36p
Eem 35.5p
Gla spy
Exactly..! Lol funny stuff ain’t it... kinda like they are trying to throw people off or something... na... they wouldn’t do something like that would they.?!?! Lol... and also imo great charts bud..! gl spy
Sure is an Ominous looking candle on da daily imo... spy
Lol... not too much yet.. definitely not the most reassuring lol... but hey I’ve been touting bullishness so an opportunity presented itself... I saw it as actionable so I moved on it.. we shall see lol... got plenty of xlf and eem puts to cover any potential downdraft anyhow... spy
Will be upset if it gets past 298.74ish... spy
Ok crap couldn’t help myself... lotto weds $303 c @.26 small position.. lord help me... haha! spy
For sure... Waiting for that one to prime... imo not ready yet.. thinking 30ish is a good potential “buy” area... idk gl spy
Holding steady so far no additions or subtractions... financials sure are happy for some reason... apparently rising delinquencies are good for them... So I told my loan officer I’m doing him a favor by not paying him dang it... he was all mad... guy doesn’t know what’s good for em... geeesh..!
So goin over the spy daily.. of course as stated we are currently above the 200 dma (297.34) and hanging precariously in the sky atm.. but that being said one would assume we get a backtest of this area... question is when... I have a feeling that as long as spy can keep its upward trajectory we may have to wait a couple candles (days) to get that test... if we don’t just burn premium all day tomorrow then I’d caution a guess that the upper bb would be a decent short term upward target (305.60ish) but we all know how spy likes to zig when we are all zaggin so we shall wait and see...? Spy
Well ended up decent after being short biased in a bullish run up... had xlf 22c and eem 36.5c sold them both this am held on to the puts which are practically paid for and opened bullish straddle in each at open... went with xlf 22.5p 23c 23.5c and eem 37p 37.5c 38c 38.5c
Which leaves me with:
Xlf 23.5c
Xlf 23c
Xlf 22.5p
Xlf 21.5p
Xlf 21p
Eem 38.5c
Eem 38c
Eem 37.5p
Eem 36p
Eem 35.5p
Gonna wait till spy is done burning off premium to jump in... awfully expensive for a one day hold into tomorrow and Friday... maybe tomorrow afternoon I will look to initiate a Friday exp position here... idk waiting and watching... however iwm is looking decent for Friday exp bullish straddle and I may do that instead... don’t know will see... gla spy
Well it’s undeniable now... we have finally tested our 200 dma and upon cash open it will be the first time since the lows that we have tested it... so now we shall see how the market reacts at these levels.. figure we run up..? Figure we retraced...? I figure we prob just gonna sit here for a bit... but I’ve been wrong before... congrats to the call holders..! And gl to all...! Spy
Looks like I’m gonna take it on the chin with my short biased positions in xlf and eem.. sigh... at least I have the xlf 22c and eem 36.5 calls as a hedge... Spy
Agree... and I think that’s been a big part of the issue for at least the last couple months since the low... everyone “knows exactly” what the markets gonna do... hence positioning themselves heavily accordingly... and because of that you have massive plays on both sides really tight and the only way to get out alive if you’ve written all those options and contracts is to slowly bleed the market dry with very tight range controlled movements for long periods cause who likes to buy and hold through those long days... lol nobody... this market sucks but we are forced to take what is given or make a living some other way ya know... I don’t.. lol glty spy
I expect some selling at futures open... but I don’t expect it to get too far either way by cash open... gl spy
Also what’s up with crude...? We gonna see $50 BBl Crude...? Well 46 ish and some change...? Na... yes...? maybe..! That would be bullish right...!?!? I mean.. Who knows but as long as we are all testing our 200 DMA then that’s where it is... ultimate test-o-thon across the markets...? Then there’s the vxx... well as long as we are testing stuff... eh what evs.... gla spy