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So if the dollar gains strength is that good or bad for spy...? Spy
Out of my pocket it’s pretty fast...! Spy
I usually just go off the chart of the underlying of whatever it is I’m trading if it’s options... in this case spy... spy
For sure... I may never “tuned” mine properly for it to be of much use to me but as a tool I respect its value... spy
You ever looked up option price charts..? They are fun to look at... but I’ve never really used them more then novelty... but I’m in your boat though... always a beginner..! Lol... much to learn... although I’m sure there’s others out there that can be more helpful on the subject... idk.. Gl spy
Well it hit my target of 1380 for the morning... but oh well live to fight another day/evening... thinking there’s more room to maneuver in that index atm... as for spx/spy I’m watching this area for direction... but thinking we are stagnant for a while this week until other indexes and etfs catch up... gla spy
And there it goes...! Lol...
Moved up stop and Stopped it out... pretty much B/E boring action atm... holiday volume... will come back later... spy
Can’t seem to catch any traction... low volume melt up potential... perhaps they are waiting to test these areas for cash market to rope in as many players as possible before ripping it whichever way they plan on... spy
Sorry russel 200 dma $1487...
Yeah shoulda went long spx futures... Currently long russel futures since 1373.8... close to being stopped out though... small caps have the 200 sma around 1475... spy
Too funny... spy
So spy closed strongly a strong note... however failed to close above its mid bb on the 1 hr... that being said at the end of the day accumulation was on the rise and CMF was positive...
Now the spy daily chart... it tested and failed to close above its 200 sma... leading one to believe its down for the count... but if you look at the $spx chart (unadjusted 299.56) then the 200 sma is at 2999.76... so now knowing that imo.. it could lead one to believe the test never happened..! And still needs to happen... so watch for a sneak move to that area next week... after which may be a good rejection zone.. but to be clear tread carefully... gla... spy...
Welp ran out of posts earlier... held onto my positions into next week though and added a UuP position... bought 27 c and 27 p... only addition I made...
Xlf 5/29 22c
Xlf 5/29 21.5p
Xlf 5/29 21p
Eem 5/29 36.5c
Eem 5/29 36p
Eem 5/29 35.5p
Uup 5/29 27c
Uup 5/29 27p
spy
Oh dang... looks like vxx is rolling over on the 15m... dang dang dang... lol.. spy
Na buddy when there’s more selling volume on days they want to hold it up.. I got the sneaking suspicion they hold some of that sell volume to settle after hours... in short my opinion they manipulate the volume to edge in their favor... them being da boyz... of course collecting premium is the best way to collect a profit in this market and with the theta they’ve been touting recently only at the money options or extremely close to the money options are the way to go to make money and that’s only if they move the market... lately going with a itm long call/put core position while selling options a few strikes outside the money is a fair game to play atm...? Idk I don’t sell options... gl spy
Spy currently not confirming the Downage... looks to be holding steady on the one hour but indicators are weakening... however could be consolidation for a leap to 299-300 early next week...! Spy
Lol.. ain’t that right... just like Kramer..!
Err Sorry.. (eem 36p 35.50p...)
Oh and also I similar position with eem... 36.50c against 35.5 p and 35 p... both into next week... gla spy
K well F YOU Vixion I’m thru with you...! Lol went to the store came back and holy premium burn... turned my position into a loss just due to the BuRN... goodnight..!!! But anyways I took what I had left and added another layer to my xlf
Position.. (don’t like holding spy over long weekends) so I say F you financials buh BYE-O... but I have myself hedged also... now all I hope is we don’t get a huge heck of a lot of stag-Nation but it is what it is... xlf 22c... xlf 21.50 p and 21 p... lol.. good luck all... spy
Accumulation waning... spy
That puts spy under the mid bb on the 15 min... spy
Vxx comin off the ropes... trying to bounce back here on the 15 min... above the mid bb...
Vxx got a little fight left but definitely on the ropes atm... not down for the count yet... still holding... spy
Pain in de arse it is for sure... this last few days/week has been back and forth so much It’s been crazy...
Funny how spy likes to keep getting rejected from the same point day after day... seems like spy is a few crayons short of a full box... spy
They completely walked back my vxx trade... had a lotto straddle.. 35c and 34p for today... bought in the middle $34.5... went to bed up with the vix up... woke up with vix right where we left off... lol spy
Doctor: so what brings you in today...?
Me: well sir it’s kinda embarrassing but I have this burning feeling every time I buy spy options...
Doctor: (laughs) oh son that’s just premium burn... it’s normal it happens to everyone who trades spy..!
Lol... here we go again... spy
And I’ll take slightly bearish with heavy indecision for the win...!!! Lol spy
Lol.. cuts both ways don’t it..! Spy
Accumulation has been on the rise and so has the CMF on the 15 min only slight dip negative on the CMF... currently rising again... hard to say this won’t do what we’ve seen so often run up and pin to burn premium on Friday... spy
Yes definitely the ol classic spy pin job... spy
Lol spy playing the lame dog game here... currently holding above the mid BB on the 15 min... slight weakness...
Waiter: How would you like your spy...?
Me: Slightly bearish.. heavy on the indecision...
waiter: very good sir...
Me: Oh, and could you make sure they don’t premium burn it like they did last time... thanks..!
Lol.. Memorial Day sale...!?!?! Spy
Annoying... can’t even get a good deal on calls... they are stealing every chance for any of the non 1%ers to get even... id buy them if they’d dip this ob pos.... shame...
#freeourmarkets #letthemarketdecide spy
1st...!
1st...!
1st..!
1st... waves...!