Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I've been mod 10 minutes and you are already talking about having me removed? chill man.
This drop makes perfect sense, cheers to spy acting rational for now.
Hello guys I've just been made moderator, I look forward to watching over the board.
Buying UVXY shares here.
Daily chart is clear here, 5 days in row failing to stay above 210.
Bought to open December 11th $210.00 puts
212 tomorrow.
Took a chance and bought 100 cons of next week 212C for $0.17. Didn't do it because of any technicals, just a gut feeling.
I just bought DEC 207P, getting a gut feeling we see a decent drop in the next few days.
Anyone buying puts here?
Probably gap down to 199's and flush to 196 on Monday. No reason to turn around here. Sell off was already in high gear now this terrorist attack. I'm loading nearest ITM weekly p's at the open. And I'm still holding AAPL Jan 125C I bought on monday, gonna get slaughtered on that.
whoa, volatile times. I didn't anticipate a huge drop this week but rather thought we would chop around sideways for a few weeks before the next sizable move. Near 210 I got out of all calls because I was scared that what precisely happened this week might happen. (I thought it was unlikely but with how volatile things are, didn't want to risk it.) Now I'm wondering if I should chase this down move or is it too late. I feels it's safer to wait for this to play out then trade the next up leg.
Heavy selling pressure but they are trying to force it up.
This is why you don't ignore options volume. 100K volume on this weeks 210C was no fluke. Pay attention.
It might not mean that much on a heavily traded stock like spy but volume vs open interest on smaller stocks can mean a whole lot, I follow the blog of a private equity firm and they periodically post large volume option trades on under the radar stocks, I've made plenty of money on stocks I never pay attention to just by using options volume as a clue. Even on spy it can be telling sometimes, if you are saying that options volume should be completely ignored then I would disagree with that.
They could of been bought on the ask or sold onto the bid, I don't have the software to see that though. Sometimes when large amounts of options on a stock (not specifically spy) are bought on the ask it signals someone knows something.
100K volume on this weeks 210C, 78K on November 13th 210C. This week could get tricky. Be careful.
That EOD fade yesterday was to shake people out of calls, and it worked. Then they gap up and send it to 204. TA not worth that much with the extreme manipulation that has been taking place this week.
HFT is ruining trading.
Edit: double post.
This is retarded. Random spikes random dumps, what a pos.
heavy manipulation.
Friday chopfest.
I just bought some nov6th 202 puts, you guys think this keeps going up next week?
The market will be open on monday.
Same feeling here, things just aren't adding up. I'm down 30K on a 50K position of December 185P. Chart had correction written all over it. The market tanks after FOMC (to my surprise) then suddenly rallies 10 bucks in 4 days. What a crock. Next down day I'm taking my losses and daytrading the 20k back to 50K and going from there.
The chart and my sentiment remain bearish. The rally back to 200 stalled sharply and fell back into the 180's, which is not what I was expecting at the time. I thought we would continue upward but instead we dropped swiftly back down. Seems as if that rally was a dead cat bounce. Ever since that shooting star candle on 9/17 the chart is clearly bearish.
It looks like this 6 year bull run has finally hit a top. The economy is getting progressively worse and a new financial crisis looms. I don't think the Fed's bag of tricks and computer manipulation are capable of holding the market up any longer. I believe we are now in a bear market. From a purely charting perspective, if we were going to continue to make ath's we should be above 200 right now not where we're at. Spy has struggled to go anywhere the entire year. Based on all of that I'm staying bearish no matter what unless spy get's above and stays above the 200ma.
Today was rare. A 6 buck move up only comes 1-2 times a year.
LOL, it's not hard to make money off spy intraday. For me the easiest way is to just wait for a big intraday rally then do a quick put scalp on the inevitable pullback. You could do a few small scalps everyday and that will add up. Your red YTD?? how? do you only trade spy?
whoa, I left my pc when spy was headed for 188's, what happened?
Bigger drop coming, will keep holding December 185P bought at $5.18, now at $7.15. Low 180's coming in the next 2 weeks.
The chart is clear right now, it looks like we have already entered into a down wave that should last a few weeks minimum. I expect the low 180's in the next 3 weeks.
What was your 40K position? I haven't been keeping up with the posts here.
Yeah we might have up days but the trend is down I'm holding my LT puts through any up days.
Locked and loaded on December 20th 185.00P. Ready for a big drop soon.
Yeah I think we will see another drop I'm looking to scalp puts again today.
Sold puts $1.45 to $1.55.
I'm holding my puts until at least 2:00PM EST.
My analysis leads me to conclude it will go down. Daily chart has entered a bearish pattern since last thursday.
Bought September 25th 193.00P for $1.45