SP500 heat map 85% Green

Edit: SP500 heat map 93% Green

Not many good looking scalp prospects at this desk today. Coupla of 30% gainers on TSLA puts is about it so far. Half an hour to go.

Might hold some TSLA puts overnight.

GOOGL May 27, 700 puts

Que:

.65 x .90 , 15 x 258

Bot TSLA May 27, 205 puts at .56

Sold TSLA May 27, 205 puts at .80

From .60. Plus .20

HOD this strike has been .88

WTI down 1% today.

Bot TSLA May 27, 205 puts at .60

SP500 heat map ~ 50,50 red,green

Have a good weekend all.

Sold AMZN May 705 puts at 2.39

From 1.50

+.89

Out for a while, stop set. I won't give back more than a dime.

Bot AMZN May 705 puts at 1.50

Wm%R dove through 50.

Edit: Not very convincing. Moderate size position.

SPX may be feeling resistance around 2057, a little above R2 on the 15-minute.

Sold remaining ~40% AMZN May 695 calls at 11.60

From 3.40 yesterday

3.4 X

HOD this strike has been 12.25

Several 7-minute chart indicators are pretty overbought. Particularly the Chaiken Osc has been diverging lower most of the morning. RSI and Wm%R(14) are weakening, but Accumulation/Distribution and On Balance Volume remain northbound. STO's 14,3 and 5,5 have topped over 80.

Maybe AMZN could be a puts prospect.

Edit: Likely gonna try puts if Wm%R dives through 50.

Sold FCX May 11 puts at .20

+.08

Sold another ~ 1/3 AMZN May 695 calls at 9.63

From 3.40 yesterday

2.8 X

Sold ~ 1/3 AMZN May 695 calls at 10:53 (partial fill; trading this strike slow at R2))

From 3.40 yesterday 12:55 p.m., post 29579

3.09 X

Bot FCX May 11 puts at .12

Sld WFC May 48.5 calls at .21

From .30

Minus .09

WTI is red .19 compared to the open at allmost red 2.00%

Bot AMZN May 695 calls at 3.40

12:55 p.m.

I'm looking at AMZN calls. There has been favorable news lately and the stock hasn't retreated near as much as others so far today.

Calls prospect?

My earlier bot few WFC calls are under water but may be making a bottom. Banks were strong yesterday and the day before. Looking at indicators on GS, JPM, C, BAC, and MS

Maybe not. Although there have been deep retreats yesterday and today, especially in volatile issues, I have not seen what might be thought of as desperation dumping.

Just my opinion. Maybe not cool. Make up your own mind. I don't much use emotion, depending mostly on technical indicators developed over some years of gains and losses.

I don't mind sharing those with whomever may ask with genuine interest.

I am looking for prospects for a calls scalp or two later today. SPX has made a fairly decent upward reversal in the last half hour or so. One thing I will look for is a subsequent downward retreat that holds above today's lows. That's one thing. There are over a dozen indicators to view and consider. This job takes work, mostly absent hope.

Sold final 25% of original position in TSLA May 210 puts at 3.52

From 1.10

3.2 HOD this strike has been 3.90

Cashin is concerned about "emerging markets", thinks the market is dubious as well. They may be a source of contagion.

He says if SPX near today's low at 2027 breaks favorite supports and if a move below 2025 prints, then 2020 is likely in sight.
Edit: 2025.91 lowest trade today. LAST trade 2027.74.

He also says that although viewers may think he's the most hard headed on view, he doesn't believe the Fed will increase interest in June.

Europe closed entirely red, every country.

Dudley said that June "is a live meting".

Edit: Averages at daily low following that comment.

SPX 60-minute is into new low territory, below 2028.

McTeer is calling for raising the interest rate.

So "someone" supposed.

I'm not trading on this stuff, but trading the indicators for nice gains continues to be my deal.

Completely independent of the TSLA post, trading today's indicators is working.

...musk isn't selling stock himself

I got my stuff from TSLA board post 8188

Maybe I didn't read it correctly. Is there other source?

Sold another ~40% of TSLA May 210 puts at 2.36

From 1.10

2.14 X

About 25% still held. Got only a partial fill at 2.36. Buying this strike is drying up.

Edit: Last trade this strike was 1.81 but the que is 123 x 1. Maybe patience here should be better.

smartone, what do you think about Musk himself selling stock?

The company selling stock to fund Model 3 speed up sure, "sounds" okay, consistent with recent predictions for higher production by 2017-2018.

My 3 minute and 15-minute FB indicators were all south as well.

I have abandoned 1-minute for 3-minute. Experiment a couple of weeks ago but it looks like I'll keep the 3-minute.

Bot WFC May 48.5 calls at .30

Few

Sold ~1/3 TSLA May 219 puts at 2.22

From 1.10

2.01 X

I Hub was down for maintenance.

Bot TSLA May 210 puts at 1.10

LOD this strike has been .93

smartone: What FB indicators were used to load calls?

Edit: ALL indicators on my 5-minute are SOUTH.

FB 116 puts have gone from .23 to .49 so far.

WTI down 2%

Musk will sell $600M of his own stock. Another $1.4B by the company to raise cash for increasing the Model 3 production rate.

Musk's motivation ?

SP500 heat map 83% red

smartone:

....now you are going to get your amzn bounce

How do you "know" that?