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Thanks, but unfortunately and stupidly bought calls too early. Just sold remaining 25% puts, and hoping I get a chance to add more on a BOUNCE...but will there be a BOUNCE?!
Smart strategy because we all know how SPY can take away profit and CAPITAL at warp speed!
Waited patiently and just sold 75% of puts, and added S/T 268 calls...will add more puts on the little bounce.
Good trades all!
Ang, I hope you got a piece of this!
I agree BOS, SPY got smacked-down today and remains below SMA50 and 9EMA which is an all put position for me until that changes. I also sold all calls on that ridiculous spike today!
Bond yields climbing now 2.92%...
SFOR...BEAST MODE soon IMO
SFOR might launch into BEAST MODE within the next 3 trading days after this CONSOLIDATION/EXTRACTION period!
Sold my QQQ and SPY puts...might be a bit early, but expecting a short-term bounce after lunch. Great day!
Agreed, risk...SPY’s energy looked weak this week, but somehow it did manage to hold support...it seems if tech drops, there will be nothing to hold SPY up and it’s looking to me like tech has peaked.
I wouldn’t be surprised to see low 260’s within the next couple of weeks unless something ignites the bulls i.e. Fed doesn’t raise rates...but highly unlikely!
Always good to have your VXX TA!
Lol, so it did both but probably didn’t benefit many traders. SPY starting to not look healthy IMO, and I’ve always targeted the week 19-23 for a drop to new lows. Monday’s going to be interesting with Fed on tap next week...
Have a good weekend all!
Yeesh, pick a direction SPY...either DROP or SPIKE already...talk about max pain!
A number of factors BOS; the way some world markets reacted in the PM sessions, SPY holding support and 9EMA, possibility of QQQ's bouncing, DOW holding at +100...
However, as we now a rug-pull can happen at any time and volume is not exactly significant right now...
Sold QQQ puts at the 171 support...now with some SPY calls expecting a big UP starting at 2pm...
This is looking like one of those days where we get a lunch-hour tech sell-off/dump...as hard as that can be to imagine since techs just don't know how to go down...got some QQQ puts...
Fatonio...what a loser-moron..A/S doubled 9 Billion and already 100M dumped yesterday...crushing any opportunity here.
TOXIC DEATH SPIRAL financing compliments of one of the worst in the OTC's.
Good luck all, but this one is too toxic and "not playing nice" for me!
It's been hard but I've been holding my puts all morning and waiting patiently...I still think we gap-fill at 274, but these "buy bots" are ridiculous...as soon as volume lowers, they kick-in and push the price up significantly with a minute or two...SMFH!
I did sell some puts (20% of my stack) on the drop just below 276 as a caution...
That's exactly what I'm hoping for, and what seems logical, NN...but da Boys always kill my "hopes"...dem bassturds!
.0293 was the previous high, so that is the ultimate target, but first .022 and .024, looking GREAT!!
Been seeing it and collecting shares for a for a while, z4! I have to thank all of those stackers and whackers who gave me shares at a DEEP DISCOUNT!
Lol, I still have my 3/16 268's...I'm hoping like hell, Ang!
My QQQ P's (172 and 170) did great!
Can we please at least fill the 274 gap please, da Boys?!
SFOR getting STRONGER daily and consolidating on the way up - .02+ coming soon IMO!
SFOR, great week...next week, PUSH to .015 IMO
JMHO
Probably...
All FEAR has been eradicated; tariffs...impact reduced, wage inflation...good for another month, NK...possible talks and denuclearization...
Rally to SPY 300 back-on...SMFH!
Yep, euphoria going to push QQQ's to highs and SPY to 280+ short-term without question IMO...
Damn, I forgot about that, Ang - that should have been "an indicator" to buy calls with reckless abandon...lol!!
We hereby term it; "the Ang indicator"!
I am thirsting to sell my "hedge calls" at the open since I paid top Dollar for them...
My puts are 3/16 so any dip will help realize a lower loss. If I can escape with a minor loss today, I'll be relieved!!
Sorry for your lotto puts
Yes, but it was the MM wage increase that spooked inflation fears and spiked interest rates last month. Even with the low wage increase of .1% bond rates are up, and likely to continue UP.
The market is forward-looking and is pricing-in that "longer-term impact to economic growth"...
And looks like the wage increase was only .1 % not like the previous 2.8%, so hence the relief rally!
Onward to 280+ I suppose!
It was hard to do it, kind of like "cutting-off ones leg to save ones body" but I bought some protection calls (at a nice premium) in a/h's so any Gap-Up should provide decent insurance.
However, I will be very upset if we Gap-down for some reason!
It's going to be interesting tomorrow, and once again, the boys are likely to use the volatility to try and screw both call and put holders...
Good point BOS; SPY cleared but SPX didn't. In addition, DOW is still below it's 9EMA and 50SMA...
SFOR Chart; very POSITIVE trend/move still intact despite the whack-attack today...very solid CONSOLIDATION and EXTRACTION!
1. Lower lows...check!
2. Higher highs...check!
3. Positive MACD crossover...check!
4. Accumulation...check
5. Above average volume...check
6. RSI good...check! Nice cooling today!
nuff said!
Not looking good for us, Ang...SPY came back from the dead TWICE and closed above SMA50..."they" made sure of it....dem BASSTURDS!
I'm still not convinced that the market is ready to rally again but clearing SMA50 was a good start...
You're probably right, but I'll take my chances, however, the close above SMA50 has me a little worried. I have some insurance calls as usual...
Lol...a nice LOD close will be a good start. Managed to sell the puts for decent scalp with gains and now I have my BIG BUNCH of 3/16 SPY 268's!
Bring it...265!!
Unreal, just when it looked like a "rug pull" was about to happen...UP like a rocket!
Now I really have a lot of puts since I forgot some orders from this morning that went off...hoping for a dip to lighten the load...careless mistake on my part!