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I put a limit sell order of $5.20, won't be able to watch tomorrow but expect it to be filled.
Will probably sell off at the close, this temporary euphoria will fade. SPY is still in a downtrend.
buy to open April 13th $262.00P for $4.10. Swing trade.
wow, good thing I sold my puts on that drop.
That was completely unexpected. The nature of algo trading.
Short this pop IMO.
STC at $3.20.
SPY has ripped upwards now but I'm going to continue to hold these puts until EOD and see if we get that sell off into the close.
buy to open April 6th $259.00P for $2.80. Daytrade. Expecting a drop into the close. Not holding overnight.
Going back to LOD. Downtrend confirmed. Tomorrow will be red also.
Sell to close at $3.50.
Buy to open April 6th $260.00P at $3.17. Daytrade.
I'm bearish going into this week. I foresee some sideways action to start the week as SPY struggles to stay in the $260's and possibly bull trapping some without a sudden immediate plunge, then by the end of the week SPY will suddenly tank hard. In my forecast SPY finishes the next 2 weeks below the 200dma. Of course I could be wrong. We'll see.
This has been the hardest week to trade this year.
I used TA to make that trade. I switch between multiple time frames and analyze them, I use these:
10 day hourly chart
4 Day 10 minute chart
2 Day 15 minute chart
Hourly chart was below the lower BB. And then I saw the hammer with long tail on the 15 minute chart, which convinced me to go long on any retest of LOD.
SELL-ing $268 calls on Up-Age at $2.82, 0.40 gain.
15 minute chart shows a hammer with long bottom tail at the open, with high volume. That was LOD IMO.
bought calls here at $267.60, March 28th $268.00C for $2.40. Daytrade.
Sell to close at $1.35.
buy to open March 23rd $273.00C for $0.95. Daytrade.
My prediction is that when the FOMC announcement is made it will be not as unfavorable for stocks as the market is expecting, and then the market will rally after that.
Short term puts are at this moment relatively cheap.
Yeah, seems like there's more fear than warranted, which could lead to a big move up if the fed is not as hawkish as the market expects.
Pisses me off how much power the shadow players have, they can just flip a switch and tank the whole market at will. Life is not fair.
Bailed. I'm on the sidelines for the rest of the day.
if $271 doesn't hold I'm out.
Looks like a full sell off day now. No bounce.
Looks very weak here and not much bullish sentiment but I'm going to speculate that SPY rallies back upwards to finish the day.
buy to open March 23rd $272.00C for $1.80. Daytrade.
Heavily manipulated day.
Long.
Today turning into a big down day would be not what I expected, let's see.
SPY and QQQ divergence. I favor a drop going into EOD then a rally.
$300 by 3/31 I'm assuming that is a joke.
Tomorrow is quad witching, gonna be some interesting movements in certain stocks. SPY will be heavily manipulated tomorrow. better to take the day off than deal with that.
I traded NVDA puts. Didn't touch SPY.
Target reached.
Drop to at least $278.40.
Bigger intraday drop setting up.
I'm expecting a down day, closing above HOD would be not what I assumed would happen.