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almost 4 dollar drop. This is excellent glad i didnt bail on my puts for next friday. they might be able to come up for a breath of air.
Billy RAY!
Congrats! thinking we recoup today.
Whats good spy traders? happy friday
I see your humor there. Funny
Nailed it USDollar. Your #2 spot price to short seems to have been a fan favorite.
doomed
wish they were out further. But i blinked and they were toast so its not worth selling them. might salvage something now.
no just out of puts i scalped today. still holding puts for next friday.
Alot of technicals were not buying that rally. the bb band on the 60 min stayed flat. On a real breakout it would have curled up. Thats why i started scalping puts for tomorrow exp. although i get ahead of myself on my eod trade still happy with the results of the day.
Not holding anything except next weeks exp puts that im taking a bath on.
last trade i lost in at .90 sold at .60 but still a overall green day..
good trading day. scalp puts from that top. 199.5 p in at .77 sold at 1.30
VIX filled gap!
NO HIKE
i took profits on my calls. haha birdie in hand.
Seems most likely i never see trades that size on speculation. my put call ratio is still 2:1
could very well be. Thats not mom and pop buying that many options.
i wouldnt stand behind her just in case lol
could be hedging a short position.
news is off in mi casa
seems to be i just starting watching over this week. Has not led me to any conclusion of direction.
There have been 5 blocks over 1 million bought above the ask.
VIX looks like its going to fill that gap just below the current price to me. briefly
grabbed some 200C for next friday. .25 trailing stop
if anything it will be short lived. worth the risk? not sure. on the fence now. if we closed right now it would be a doji in overbought. no bueno
the rising support on the daily is steep. Wont take much to overthrow if things go south. be nimble 197.50 breakout if it cant hold.
60 is fully overbought and adx is drifting bearish. Still holding support. Think calls will have to be quick execution if they push it.
GL to you to BET good strategy.
cool being that we are overbought now potential upside i think is limited. But in the past we can stay cooked for days. My ratio will be more puts then calls.
are you hedging or just favoring 1 side?
setting up a strangle to complement my puts this morning.
200C for sept 25 and 194p for sept 25. GM and GL to all.
Great post! Ill keep that in mind when/if we aproach those pivots. I took note of the 3 area's to short on your chart. Thx for doing the update.
Likewise im just callling it as i see it. The last few days have developed with a target in mind. I dont think it will relent till it fills that viod gap down. On spx. Happens to be our 50 ma. Im in puts and there destroyed but ill take my chances cause after that gap fills we have a hole 194 area from the gap up earlier this week. Ill scalp calls as i see fit. Cheers
Oh yes indeed. I just dont feel it my bones yet, im thinking atleast another day before tops in. the 50 has a bullseye on it. At that point its a strong short no guessing plunge will commence.
Check out spx daily see the gap draw a line across from the bottom of the 50 ma u can see it on stockcharts. Its painted on spy not on the index we track. Thinking we fill very briefly.
Fair enough. My thought is the 50 ma seems to be a magnet the quicker we get there and test the better. But ill take a super gap down to break trend. I can getout of these puts haha
I think it doesnt matter what the fed says at this point. 204 50 MA fills a gap. Yes i do believe your spot on.
This may sound counterintuitive for put holders but we want a gap up. More overbought going into the meeting the better. Gap down will leave room for bulls to work with. If we close with a doji tomorrow friday or monday will get the bear relief. Think we tag the 50 before we see this rally sputters
Likewise my puts are a bag. Made few scalps on calls today trying to keep my head up lol. I see a gap on 60 min i think we can be heading for it, although id rather not type where i see it.