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Pretty much hit that shortly after.Maybe higher than that in premarket tomorrow.
Not really concerned. But also why I hedge.Can't predict Mother Nature!
lol. Would be going the wrong way,but I'd make a ton with the call side protection! Are you playing this side (SVXY) too?
Back in on the dip.Will buy more if it gaps down.
SVXY
Nice day for big DWT swings! Expecting decent moves into the NYMEX and regular market closes.
Could be as low as $46.5x to $45.7x.IF it doesn't stop here.
Next leg down coming.
Look more like downward...cue the dump!
Consolidation like I guessed.could bounce or dump big from here.Good luck all.
Short bias right now. Willing to chase either direction after that. Positioning tells me shorts can ramp up or longs could continue to prop. Propping up is relatively expensive for them IMO. Pretty sure they make boatloads more going short. Retail sentiment still appears long.
Swap dealers, MM and OR are ALL heavily spread. Kinda tells me to do the same.
Thanks, but I wouldn't say that! Just little trades for the day, paying to ramp up the spreads closer to the money.
Clinging to this wedgie formation.Patiently waiting for breakout and trading the chop in the mean time.
Beat my post by 12 seconds! lol
Not sure it's the fastest place:
http://www.forexlive.com
Gets the feed from zerohedge, I think.
Already locked and loaded! Good luck as well!
Nice +6% swing for the day @$78.1X.
Contract expiry today.Options expired last week Thurs, and why all the volatility on Friday, I think.
LMS-Great call so far on today's price action.As long as the moves are big, I'll be happy. Feels like consolidation could make the week boring.
Nice whips today.Didn't play all of it,but great action so far.
I'm thinking more downward action in this report cycle/end of week. No specific call for tomorrow, but I'm carrying a bearish bias. More $ and close to/in the money positions for puts. OTM for all calls, which I consider 'insurance' plus more time on average.
Piling-on the cheapie spreads.Looking for crosses itm in the near term. Good luck bears and bulls.
Great DWT swing day and an eclipse to boot!
Sorry to hear. You called the bullish move nicely last week. Was totally expecting the retrace for today, but more luck than skill on that one.
Took some time away from the desk to enjoy the eclipse.
Glad I went put heavy on Friday!
Yes,big positions moved in advance.Days like this are when the (greedy) stragglers get squeezed bad.
Ramped up my spreads.Switch bias to PUT side HEAVY.
No prob.Sept contract expires next Tues.Also good to lookout for.
Oil Rigs:-5 to 763, US Rigs:-3 to 946
Can't say it's *always* a good play, but always good to know. All calendar/expiry info at CMEgroup.com
lol.Never news.Today is the first day after Sept options expiry!Always fuel for crazy action, IMO.Good day for shorts to cover, IOW.
Nice work! Excellent whip right now. Selling and rolling the call side.
I don't mind a little chop to play.Been good practice lately.
Watch the 'cadence'/pace of their moves.If no dump today, good chance for tomorrow IMO.
I wouldn't say *that*! I think the question is: How much ammo spent will we see on the report this week?
Looks more likely now.Big shorts must be back in play...
Could be.Maybe waiting for Fed minutes at 2.
So far,but looks like could bounce here.If not,CUE THAT DUMP!
I can see that happening, but 'expect' is a strong word.Manipulation could go either way from here, IMO.
Smart move from the look of it right now.