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.
this is the pattern I was expecting to play out, I didn't hold through it because you just never know but still don't think that was the bottom
thanks, good to have you back amongst us btw.
this pattern looks to me like it is going to go down big today, if you are long pay attention
no filled my sell order on my puts from the pop, 208 puts in at 1.03 out at 1.22, just exited 207.50 puts in at 92 out at 1.05 done for today
yesterdays high touched and now gap filled, back to business as usual. filled me on that dip but they sure are not paying options like they should
and just like that I am out, these mms are not playing fair with options these days I just got hosed again
207.53 looks like support for now, if it fails there 207 is coming imo, but these algos are going crazy today they don't know which way they want to go, I am in 208 puts for a drop
they have everyone in for the bounce, now they can pull the rug looks like over night support at 207
bullish day and bullish week, selling being absorbed easily looks like no bull trap
gap and go or gap and trap?? im thinking drop from here like yesterday giving those that were stuck holding long a gift to a better exit
out of all my calls at 1.78 not great but will take it, definitely done for today, they are killing premium too fast for my liking. I filled those last calls 1.66 at 205.80 area it had to bounce up to 206.25 for me to gain 12 cents and that aint right, hosing everyone these days
I still expect a squeeze today, don't know why but seems over done here on the news that isn't really that big of a deal imo. if we have seen the bottom today, being the end of the quarter, tomorrow could start a bounce for new money inflows for the start of the new quarter.
still holding calls, did not average in yet, if that was the bottom it should bounce back to test the 20sma on the five at least, currently 205.88
206.05 20sma on the five, hit it and failed one more attempt coming before the bottom of the hour imo, 206.10 will be strong resistance also if it gets there, building a little bull flag here might get some legs
205.50 july week 1 calls 1.66 looking for a quick bounce here.
I am waiting for a clearer signal to buy now, I need to see a touch of 205.80 in here before I buy calls for another bounce. if it doesn't happen soon I am stuck in no mans land and will probably just take my profit and walk away for the day.
ha ha, consumers polled are usually the last people to know anything about anything, same bag holders the market looks for so that is probably a good contrarian indicator. the general public is clueless about everyday things like who is the president or vice president much less the state of the economy.
dropped that one in a hurry, had my order loaded but didn't get in quick enough, might just be done for the day
206.65 on this next push and I am looking for puts again
I am out just now on that touch of my target, but I was in july week one
206 solid support as of now, I need to see a break above 206.45 soon or I will bail on my calls
here comes the jam, suckered in shorts with that head fake now the face melting burn, futures were up too much imo, someone knew the fix was in
daily stop run and squeeze about to get started imo
thanks bud, I was thinking about you through all this eu mess how is it over there?
its all based on the greeks, that is a total hose job, that same premium should be priced in to all in the money strikes today
205.50 weekly put is 1.65 and 209.50 is 3.93 does that math work for anyone else??
margin calls coming in 30 minutes or less, they are propping it up for another round of selling imo. flush out is coming then the push for eod because Greece still can do something in to tomorrow and I wouldn't be surprised if they don't, this move caught too many by surprise to not get one more dump today imo
dip buyers stepped in at 207.50 for a bounce, now that it has failed they will be looking to exit each time it touches again, once that game is over we might see sub 207 today 206.81 over night low
thanks, there are some around that scoff at charts and T/A but I cant figure out any other way to make any of this work, so I am sticking with it, charts and price action don't lie, they can be manipulated to a certain degree but mostly they work fine.
good trade. this could be one of those great day trading days but I am going to be happy with my profit for the day so I don't over trade. I still have puts on that I picked up Friday afternoon and think I will let them ride until they get stopped out or make my week LOL
Greek PM asking how you like me now???
I think this is more than just a one day event, this current market seems too eager to brush things off and tomorrow everything is all fixed and we go up again, this may be a killer for margin accounts and the dip buyers might get stung here, don't know for sure but its not rallying very well in here.
exactly, the rug doesn't get pulled either, it was an accident go back to sleep you saw nothing
thanks
took 209 puts 1.80 out at 2.05, that pop was so fast I didn't get a great fill price but its all good now
208.35 has been strong support for a long time, if it fails here again 207.50 could come quickly
one more push here and I am looking to buy 209 puts
ha ha, I think they did, I am referring to the folks on tv this morning LOL, they are all trying to calm everyone down pretending like this isn't a big deal, and maybe it isn't but the central bankers have to be puckering up a bit, don't know if they have any bullets left for another disaster since we haven't overcome the last one
I agree, the talking heads all saying no surprise if u.s. markets close green today
I agree, I cant imagine they wont come to an agreement over the weekend, seems like a lose lose deal for Greece.