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I think they might try to rally it on Monday. DIX reading (Dark Pools, bearish under 40) was 44% tonight. GEX (gamma reading) was very low, though.
Last week I said here that it looked like they were both shorting the SPX and also, shorting volatility and I just read this one on of the options guru's threads on Twitter:
"...have already said, a downward drip correction probably means short vol/short /ES trade for the near future.
Re: Trade expression I probably want short call spreads on both sides of the pair trade. Just my opinion. Not advice obviously."
What do you think of a short vol, short spy spread? Or would you just use your usual method of hedging longer term and getting in and out quick? Just curious.
Squeezemetric's thread, more specifically. I'm actually starting to understand a little of what they're saying, haha...
A lot of selling of the 338 contract dated today yesterday.~d eom
Take the initial now and add on uppage? I know you're style is much more complex than mine. Just a thought.
And hedge with January calls, lol.
Have you considered hedging with TZA calls dated next week?~d eom
AAPL cracked and as goes AAPL, so goes the world. The market has been kicked out of paradise, kids.
~d
Think so.~d eom
Amazing how they're keeping TSLA afloat considering all those manipulative firms got called out.
Added to CMG puts on this upswing.~d eom
I thought so too. Maybe Monday? Looks like they're selling the market, but also selling volatility again.
It should resolve next week and I'm still thinking down, as of yet.
Oh, I hope so. I really hope so. So far, my down call in September is sort of wimpy.
I find it even more bearish if the right side (the most recent side) of the rounded bottom is higher. I call it a bearish smile. We got that this morning on a lot of issues when they opened up.
The more smooth and rounded it is, except for that right upwards hook, the more bearish.
What do you think about shorting CMG here, even afer this drop, with an initial position?
Dr. Harley, when you have time after the bell do you mind posting a chart?
I posted a long time ago here or on the CCI board, that with the advent of the algos, rounded tops were bullish and rounded bottoms were bearish, the opposite of traditional TA
I am seeing currently rounded bottoms on multiple issues on 1 minute charts. It works on oscillators too.
You're welcome. Pass it forward. We need to help other traders, more now than ever before.
`d
Absolutely (take trades on dark pool divergence to price).
I subscribe to HFTalert.com and their info is pretty good for a $199 retail trader sub. The higher priced tier is 550 and you get many more tickers to follow. It's intra-day too. A lot of subs only give it to you end of day.
The best software on dark pool buying and selling is tens of thousands a month and for the likes of Goldman Sachs.
I think CMG is about to break through support again, but not sure. Looking for 1187, then ultimately 1130 to 900. My dream come true is 700.
`
96 is the first support on AAPL. On TSLA, 333.
The VWAP support for TSLA is way down at 250. I have a few 250 lottery puts on TSLA for October.
I have a feeling, non TA based, that the move down tomorrow may be even bigger.
SPY 317 on deck using Hurst phasing.
CMG is at 1212. Shorting since 1310. I believe there is still more down to come.
Looking for 1000 by Xmas.
The dark pool selling continues. It's unreal.
A month out is good, also 300 puts for TSLA.
~d
DP's still selling rally on TSLA and AAPL. Algo's still buying though, need to wait for them to close out their positions.
Dark pools finally started selling the rally on QQQ.
Posted last night there is a potential rally to 342 on the SPY (338 and change at the minimum) but the overall direction looks down by Friday Opex.
Heads up. Dark pool selling this whole rally on AAPL and TSLA this morning.
~d
Actually, I'm not. They declined so much due to theta that I am barely in the green (I didn't add for some bizarre reason). As you know, being early with options is not a good thing.
My CMG puts on the other hand are doing well. Also NVDA and AAPL.
TSLA should follow suit soon.
I should have added (but was in a hurry to leave for an appointment) that I believe that the general direction for the market tomorrow and this week is down, and that if we do see 342, it would be a gap up (then down).
I am having a hard time envisioning the opposite, but it could happen, I suppose.
320 by end of Opex in the cards and I have been saying a hard down beginning in September, until November or December since August, or even before. I even stated that the bulk of the move is likely to come the week before Opex.
So, we will see.
I still don't understand your stuffer thingie. However, my options data shows you're correct and we should gap or rally tomorrow to 240 or possibly, 242.
Only on AAPL, I believe I stated. I will check later.
~d
Dark pools selling this rally since 3:24 pm.
DP selling across the board on the tickers I follow.
LOL, one of my subs called the FOMC announcement a nothing burger.
Just wait.
Dark pool bought the decline on QQQ all the way down to the lod.
However...they're not buying TSLA here at all, and they've been selling AAPL for days now.
I think they're using QQQ as a red herring for us stupid retail traders.
Thank you! Very informative. Most on Twitter thought they're going to make bullets out of the copper, until some one who actually knew something about bullets said they don't use copper anymore.
Or real war? China's importing lots of copper again.
Palladium's kicking ass too. What are you thinking, trade war?
You crack me up all the time. I think I'm going to bottle you.~d eom
TT, Would it be possible be more specific, including listing the critical level in your post?
I think you mean there's an empty space above 340.70 and the big guys are pulling back to (3390 or whatever) to clean out the winners (the bulls today I assume). Am I correct?
My options data showed both heavy put and call buying for tomorrow. Well, it's Fed day...
Long 100 strike puts on AAPL expiring this Friday, lottery tickets.
Long 270 puts on QQQ, exp 9/18.~d eom
I jinxed it. The dark pool selling just stopped.:(~d eom
That 7/31 gap on AAPL is begging to be filled.~d eom