SOLD QQQ call for 1.12 from .86 BOT SPY 246 8/18 put

Interesting, JD had positive earnings now its putting fear into BABA and BZUN, looks like people are selling off to a degree. Worried they'll be down as well.

Ahh nevermind they did post a loss, maybe the gains in BABA and BZUN will recover. Gains Pre-Market ofc.

The futures are on fire, certainly is looking that way for now.

We should have one more week then vacations. We'll see what direction we go Monday and Tuesday, especially since tensions don't seem as high now as they were.

Although now we have trade issues with China, this all set up perfectly for the already slow August.

While I don't believe in conspiracies, the timing is very interesting that NK would come up thus creating pullback in August, which is deemed the time we pullback.

I wonder if NK didn't happen, we would've pulled back some this month or would've have been in September instead. That being said earnings are also done though.

It looks as though put options are more worth it, since even the volatility ETFs have decay and TVIX loses about 7.5% per month in decay and has a bunch of reverse splits. Then again, if you're going to lose your money in a Put, you might as well lose it in a volatility ETF.

It looks like I'll have to read some more to figure it a better long term solution, if there is one besides a gold index or something.

Yeah it is, three people have now died. On a separate note and maybe good for Monday, Trunp is now saying he's going to reach NK via diplomacy. But, I'm sure we'll still continue to drop down and fill the gap this week only to afterwards rocket to new highs.

From what I read on fox, the protest was by white supremacists protesting the removal of the statue of general lee, which they've have a few protests already.

the counter-protestors were the ones that were ran into, protesting the white supremacist protestors.

So the non-racist group of counter-protestors were hit and one killed.

The person driving the car they haven't released information about but is in custody, but I assume he was a racist guy.

I read it was counter-protestors, which would've been non racist.

If you bought a SPY Dec 2017 @224 PUT (SPY closed at 221.48) on January 2nd 2017, it would have cost around $17 a contract and is now at $3.22 for a loss of around 5.27x.

Thanks for brining this up, I'll be buying TVIX on Monday. Even if the price goes down the lowest it's been is 15.xx and it's only a matter of time before it's at least over $100.

I guess it was built specifically for hedging, which even $1500 would protect my entire 401k in the event of something, it's pretty brilliant, if you can sell them, but there's always someone wanting to short.

Now this is something I can believe in averaging down as there's always volitility spikes, although it may take a while.

The question is, will the market come back to what it was or is this the start. I guess I can always add more later when the price drops as it surly will.

Well, I'd have to compare the ranges within the days. As we know, gap ups followed by a bunch of red just to pull it up again is a red day, although statistics show green.

So the days are not as cut and dry. Maybe the swings to the red side are greater on T and T, then half the time they pull them back up at the end.

Red/Green Day statistics

It looks as though most days are even, except Wednesday, but this may be due to no Holidays.

Puts huh probably a wise idea I tried to sell my QQQ call aug 25 still have 34 contracts :/.

Maybe it won't be that bad.

You were pretty much right on today

Tried to sell out of my QQQ calls at a .02 loss or $40, only filled 6 so there unfortunately mine for now.

Yeah I don't see us making up a dollar by days end but crazier things have happened.

Wow such a hard push down

Bot QQQ aug 25 144 call at .86. Probably shouldn't have considering aug is a bad week and what might be ahead with NK.

Yeah NY called it early on. Unfortunately for me I have a larger position.

Small dip before the climb maybe. Okay larger dip it looks like. Damn might as well let it ride at this point.

Yeah I wish I wouldn't have even got into the market today, figured it'd trade flat idk why.

My average is .10.

Hopefully, I've got a 245 call though ehhh

No volume. I have a call exp today and it's not looking good.

Snooze fest

Flat the rest of the day maybe?

Either a fake rally where it'd be great to buy a put, or a real rally where if you bought a put you'll be screwed.

Maybe a gap up, then drop, then rally?

And it keeps getting greener.

Well were not down a dollar, which is promising, but also could be deceitful. VIX is still climbing.

I meant we broke through support.

Okay technically it is stupid. We broke through resistance and will likely continue tomorrow To tumble. Next week who knows.

I know it's weird, and maybe stupid, but my gut was telling me to buy calls. I'm still tempted, but did get screwed today by calls. Maybe I'll do both.

I don't think it will, but that's speculation, I like to think tomorrow will be green but after today who knows

Yeah I am probably going to buy puts too, but Aug 18. Were headed down now more AH.

I think tomorrow I'll play it by ear, but I want to stick to my plan and do:

AAPL Aug 18 150 PUT
AAPL Aug 25 155 CALL
SPY Aug 18 242 PUT
SPY Aug 11 242 PUT


Anticipating further bad news this coming week as tensions rise. If no new news comes I think the market will creep back up.

Maybe $100 on a SPY Aug 11 247 CALL

Yeah who knows what'll happen tomorrow. I don't think green Friday matters anymore with this news or the current events

Although everything is going up.

Nice trade, amazing day for puts

Yeah me too, I got out but the dumbest was selling my 245.5 put at .71 because I had to go to work. The calls I bought while driving, something else I know not to do now and don't average down, take the loss and exit.

Me too, me too and I was going to strictly stick to puts today too.

Maybe a finish at 245.22

Hopefully, green Friday!