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Nice trade.
Might be a eod flush watching to scalp puts at hod resistance.
Sell to close 100 cons 209P @ 0.88 (+$336). Easy spy daytrading.
Buy to open 100 cons 209P @ $0.82
This must be manipulation.
Out 209P $0.96 to $1.07 (+$72)
In 20 cons weekly 209P for a scalp at $0.96
today is proceeding as expected sold AUG 210C here $1.40 to $1.70. Looking to get calls again on a sizeable pullback.
Taking calls at the close. A month out 210C
Why the freefall?
This drop does seem sudden and random, not following a pattern.
This is not what I was expecting to happen today.
Sideways consolidation for today then back over 212 tomorrow. It's basing here and the uptrend remains intact.
I was spot on.
Yeah.
Edit: Wrong Board.
Has anyone here been keeping up with the news? watch demand has been far lower than Apple expected and Iphone sales have peaked because everyone who would buy one already has one. Not taking any position into earnings but going short seems like the trade to be in.
After reviewing the technicals I'm concluding that this a temporary overbought dip and that we move higher later in the week barring bad news. So I sold uvxy $26.50 to $27.50 (+$1000). Today might be a good time to get long for a eow rally.
Slow stoch has gone from 23 to 77 in one week, odds favor a pullback or some consolidation before another leg up. Another one of my most used indicators which is 5 day RSI is at 80. I'm staying long uvxy for now and may add another 1k shares.
I got a better idea just sold puts and went long 1k shares of UVXY at $26.50.
overbought now, entered some July 31st $212.00P at $1.00
The future is difficult to see.
Might be ready to rollover, still holding my puts.
It was a bad entry but it's all good, if we don't drop any today I will just dump them at the close. The life of a daytrader.
BTO means buy to open.
BTO July 24th 210P for $1.32
How far out do you go expiry wise when establishing positions?
sold those august 208 calls $3.35 to $4.40. I think we continue up tomorrow then it will be time to load the P's.
Is the majority of spy's option volume real traders making decisions or computer algo programs/HFT?
All that protracted drama just for Greece to cave, lame. I wanted to see Greece out of the eurozone.
Looks like no bounce back to 210 this time, the bull run is over. Abandon all calls.
look at aapl wow.
15 minute 5 day chart showing what looks like a topping head and shoulders pattern.
Might exit my swing calls, todays action is bearish for sure. Not looking good for those in swing calls.
TWTR bull flag on the daily?
Holding my august 208 calls into next week for another run above 210.
I'm expecting Greece to get a bailout because other EU countries don't want the consequences of it leaving the Euro, then all this negativity will blow over, then SPY back over 210 in the next 2 weeks.
Based on the chart, August 208 calls should be a good buy here.
whoa.
I see no kind of pattern to follow right now, just randomness.