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true.
It only went to 212.97 for one second at 3:59pm that day then went back down to like 212.20 someone or an bot buy program made a mistake and put in the wrong order price for a large order that's the only way to explain it. Since it never actually traded that high It shouldn't count from TA perspective.
That 212.97 print was a fat finger trade it's not the real ATH. I remember that day clearly.
212 on monday to 206 today, that was a fast move down. I think it will be better in the long run if the market does have a decent correction.
Took 5K worth of both calls and puts, next week expiry. I'm thinking we don't go sideways and something gives either way.
Just got creamed on FB calls.
Took some ITM UVXY next week calls EOD.
Not getting any calls before FOMC, getting a bad feeling.
I'm thinking weekly calls before 2pm should work.
Not buying this, I loaded May 8th 210 puts at 211.60
I just went over a daily chart of spy from the past 5 years. It shows that in the past spy has not experienced the amount of rapid up and down volatility it has been displaying this past few months. I think this could mean the market is starting to show cracks at this level and could be topping out. We are seeing dramatic and sudden swings unlike what we have seen in the past. This must indicate a fragile condition at these levels.
Ok I get it, every time spy goes to 204 I will just buy 50k worth of calls and then when it goes over 210 I will sell then buy 50k worth of puts. I will be super rich!
For spy what strikes and expiry are you seeing high call volume on? and are you sure it isn't sell to open activity?
spy has turned into nothing more than a pump and dump.
Spy has basically gone no where these past few days. I'm looking past spy at individual stock setups for now until we see conviction up or down. This tight range bot driven chopping is too frustrating to trade.
Looks like they can't prop this up anymore. The car is out of gas. Look out below.
Bullish reversal pattern forming on the daily, tomorrow should confirm it.
Has this 6 year run finally topped out? or is this just another dip in the roller coaster? thoughts?
Time frames matter with options because your option will decay and lose value over time. It's not like trading shares. If you hold an option too long you could lose money due to the theta even if it reaches your target. I did look at the SNDK chart and I think you should go ITM and buy and hold some May 15th $62.50 calls.
How soon do you think it will touch 70? a day? a week? a month? what kind of timeframe.
All you can do is laugh as this market.
SPY has been unusually flat these past 2 hours.
What a scam.
Alot of resistance at 206, Might see more downside tomorrow.
Watching for the dump, the dump should be more epic than this pump.
Who/what is pumping this?
Expected**
Admit it, you expect ATH this week. That's what most were saying over the week. Then once this happens all the same people start saying "I knew it!"
I'm calling it a week this is my first losing week of the year so far. Down 11K. Still very green YTD. Gonna come back fresh on monday.
I thankfully dumped my calls at $0.70 and avoided this huge dump, I knew the chart wasn't looking good.
Down already but gonna hold until EOD unless we break $208.00
Bought 50 cons March27th $209C for $0.76
I was actually looking at the list backwards, I apologize.
You said you sold calls for a loss yesterday, yet the last 2 trades on your %gain-loss list show both gains. I went back through your old posts and it seems like your public trade history doesn't match up to the list in your signature. I wonder if your win rate is actually less then you claim.
SPY is being a choppy POS.
Ain't gonna lie they got me today, got sucked into calls then slaughtered. Total criminal manipulation.
I don't get this how can they change the price of spy?? so it should really be 210.85 right now. What happened to the options did people who have 210 calls have them become 209 calls?
So what type of effect should that have on SPY? more volatility?
VXX closes flat with SPY down -$0.95 shouldn't it be higher then?