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.
what is the expiration date for those 320 calls ?
L got for 6/19 and 6/22
what a battle waging now
Bulls vs bears
SPY fighting like a champ
Yes I did
I bought those on Friday the day of the small rebound after the monster drop thursday.
As insurance and now I am taking a small loss on them
ouch
as SPY drops put premiums are going up much but the call premiums are falling
Boyz you suck
But you are exposing your real motives or are U?
that happened a few times during the post Covid crash, I assume it allows the Boyz and their algo's to clean up in both directions faster then TT's model can see ahead.
SPY 314 may be the top for that 2 hour bar
Get ready to rumble
Just had a half box of G.I. R. L. scout cookies with fat free milk, now I can see the Boyz in their glory
Calm down Net, take a breath or two
Don't let the Boyz get in your head
2 pm EST is 45 minutes away
you got us in those 320 puts for our own protection
If they go that way ya cut them off at the head and pocket some serious coins
You did it this morning like a prophet from the old testament !!
Repeat coming !!
SPY going to tag the 311.31 8 day which is also the .38 fib from the recent 4 week high
what's the pin action for today ?
will they stop at 313 or go for 311.31 ? the 8 day ?
almost time to sell those PUTS 313 6/17
I am short the HUI by obtaining GDX puts for July
If Covid Part 2 comes around I expect a repeat of March lows
Gold did ok but most sold off their gold holdings to counter losses in SPY QQQ and IWM
Long GLD calls short GDX via puts
will history repeat itself ?
the question is : IS IT PREVENTABLE ???
Kevgan what are you basing this theory on?
Some of us feel a correction is coming
Others believe there have been 4 definable waves and there needs to be one more impulsive wave 5 up to crack ATH before the dreaded C wave crash wave hits
Wave C down could have started Thursday
Place your bets
Straddles ITM my choice plus shorting miners and calls on GLD
what was Net's June OE ?
286 ?
is that still a possibility
I believe he feels the primary count is that Wave C of the Grand Supercycle IV has begun
God help us if he is right
Would need a truck load of PUTs
I can tell you he is usually spot on and is a little off with his timing
He pulled out of those beautiful SPY calls two days earlier and we left another 13 dollars on the table
SPY in wave 4 of B up
Wave 4 tend to move sideways for a little while
If this was the expected massive C down yesterday’s drop would have gone thru the 200 day and kept going
Today was a small retrace of the 18 point drop
I somehow got to dump these 313 outs from this morning that net bought
Holding till lunchtime
Care to share your plan for the day?
Good morning Dow deva
I do not have an enhanced account so I can get pm but not send them
I am not ignoring you and enjoy our conversations!
Are you on telegram app by chance?
Nowwhat I thought a BEARISH island reversal required a gap island on the left followed by a rise above
The stock market saw its fourth worst daily point decline EVER on Thursday, June 11th.
Has wave 4 down finished in one
Let’s wait to see close today
Extremely important test underway
If this is day for testing like none ever
Teetering on the edge ?
Nice work Net 5 eagles is fantastic accomplishment
I get about 5 birdies a year
Your golf game is like your option play EXCEPTIONAL
I am looking forward Net
my partner and his father both had witnessed hole in one's 2 days apart on a par 3 13th hole from the blue tees?!!
that has to be an omen of sorts me I am still waiting for SPY to show its next move
Night Net
got 300/305 straddle for June 19
sold my 340 AAPl puts from yesterday 20 contracts at 12.25 from 4.40 yesterday
sold my QQQ puts 5 contracts from yesterday
Dow it will be a waterfall down to 216 then take a break
The wave count after the C wave hits will be critical\
Guys don't panic yet
this could be wave 4 that I have been calling for since the sell signal yesterday at the close I posted yesterday.
Bottom will be the 200 day at 299
If that holds wave 5 could start as early as tomorrow or monday unless this turns into a sideways triangle and eats up time
wave 5 will follow and back to 330
OR Wave C could have commenced
so we watch the close carefully
that's the alternative count, however if you look at SPY chart from bottom in march 20 you can clearly see 3 waves and wave 1 retraced a good amount
wave 3 should have topped at 318 but it was an extended wave 3 which means wave 4 will retrace
needs today and friday for confirmation
If wave C down has started it will exceed the March lows and then some
welcome to wave 4 down of wave B up
initial target is the 200 day at 300
this will be a quick or slowly drawn out triangle
Next will be wave 5 of B up
SPY needed one more impulsive move
those AAPL 340 puts are paying off nice
sorry 340
240 was just 10 weeks ago !
added 20 AAPL jun 19 240 puts at 1545 EST
AAPL way overbought
$354.77
All Time Highest TODAY intraday
40,640,867
shares traded today
AAPL ALL TIME HIGHEST CLOSE!
$352.84
market cap 1.59 trillion
ok no more advice ever as you wish
Ok we just got a sell signal for SPY
AAPL will lead the drop
wave 4 down of B up just starting, short term target 313
Load up on June 19 313 puts
hold those calls for eod spike
here we go again with no GAP at the open
Gold is looking to breakout to 1970 it is completing a small wave 2 down of a larger wave 3 up
It’s completing a head and shoulders bottom and will run up soon
Got some GLD calls for July
This is medium term play with high odds of success
Hold onto those PUTs
Don’t know exp date but most indicators I follow are extremely overbought
Time to let out some steam before boiling those frogs again
340 is now closer then ever for all to see
Low hanging fruit thing
Down cleans up the long positions and upward cleans out the shorts with their puts.
Also runs like the Roomba clean up particles small and medium
looks like calls will be picked up for cheap today
In the aftermath of the heavy-handed response to peaceful protests alongside riots and looting, online oddsmakers are giving Democrat Joe Biden a 56% chance of winning the White House
SPY will drop like a rock if the left wing liberals take over the white house and US Senate
This may be the final Wave c down that brings SPY back to march lows
SPY now positive year to date, complete V recovery is a smoke and mirrow event
The bait has been placed
now its time to set the hook and pull in the prize
by the way the alternative EW count from this weekend shows wave 3 of B up is close to completion
little wave 4 down is next
wave 5 up of B up could take SPY way above the february highs,
WTF ??
maybe NN Roarin" 20's is going to be a reality
Thats impressive
Did you code that yourself in Python ? or did you hire someone to create it ?
Nice work man