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.
Yeah, they will fight hard to make SPY close green even if the DOW and Nasdaq close red...unless....some heavy sell volume appears out of the woodwork...
JMHO
Financials seem to be holding SPY up...everything else wants to head down...banks just getting stronger as the trading day continues...
I see it the same way, gdl...Mon-Wed next week could see over DOW -1000 points easily...not today...da Boys too busy collecting premium!
I hope we see a decent up towards the EOD to load more puts
Meanwhile, the Russel marches to fresh highs...SMFH!
Looks like they're trying to keep it in the 271-272 range...I can only assume the majority of monthly calls and puts are in this range...da Boys just pulling in premium...SMFH!
Unreal how they are "propping" it up because "max pain" for monthly put holders will be in the 272 -273 area. Then watch the drop like a rock on Mon/Tues next week...da Boys...SMFH!
Wouldn't that be something, Ang! I could probably make 6-figures if that happened!
Yeesh, did someone forget to turn the bots off...this whole rally has been about positive trade negotiations with China...?!
SPY 265 next week, or possibly tomorrow.
JMO
The Russel and Energy are the only things holding SPY up right now, otherwise it would be falling...I wasn't able to load as many puts as I wanted so I'm hoping for a little bounce here, but...SPY could roll-over...
I get that, but the market is supposedly to be forward-looking and it's clearly heading there, and RAPIDLY! In addition, the banks, the BIG BENEFICIARIES are down...market just not making sense here, but I suppose that's how the BIG BOYS keep screwing us little guys and enjoying our premiums.
Either way, I'm hoping for SPY 274/275 to add significant 5/25 P's...
How is this market not dropping like a rock right now with 10-yr yields at 3.113% and earnings most likely at their peak for the year?!
I suppose low vol buy bots propping up prices for BIG BOYS to dump large positions higher before a MONSTER DROP next week...
JMHO
Yep, I agree, I just sold my 5/18 calls and added 5/25 puts...wouldn't be surprised to see the 10 year above 3.10% this week.
Volume only 30M, SPY could drop back down to 262/263 EASILY, but not likely...JMHO
Thanks tex, really needed the win.
Exactly...I don't trust this market one bit, and am always armed with puts for protection now, even if I think the general direction is UP, at least for the next 2-3 weeks.
Very nice, imil, just sold the remainder QQQ's at .98! Over $6k profit in an hour
And I still have SPY 265-270 which I'm hoping might pay, but not going to count on it, but really needed the QQQ trade to save my week!
Wow, 163C QQQ's paid BTD, 100 contracts at .08, now .44, took 50% profit and now holding the rest to be GREEDY!!
I agree, risk...they are painting down and going to launch-UP before/by 11am IMO.
I'll be selling puts at the open.
JMHO
Just added 262P's at .53 for insurance since I have heavy SPY 265C's for tomorrow! Any positive news with China and SPY could gap-UP to 266/267 IMO, however, any negative, and SPY will test 260's again...
JMHO
Sold on that drop, Ang...added calls...not confident!
Seems to be...complete struggle to stay above 262.80 - I just added some more puts, so SPY might close at 264...lol!
CAT 140C's today really paid nicely!
I have 261P's for protection but I'm willing them down...would love to see the bulls really flatten these sellers/bears here and close above 264, but I seriously doubt it!
A long while ago? Those are .57 now?
Lol, me too, missed it by 1c, would have been a quick double!
Yeesh...looking like a bot-war ATM with some heavy dumps above the 263 level...might be tough to close GREEN unless some heavy buy volume kicks in soon to squash the sell-bots...
I think so too...I reduced my puts on the last dip to 50%, and added 261-265 calls. Anything positive out of China, and we'll sell 267+ within a couple of hours IMO.
That said, the S&P is under it's SMA 200 (2614.94) which is clearly HEAVY resistance, for now...and it just broke through...lol!
It would be impressive to see a MONSTER BOUNCE from here to SPY 265 given the market negativity right now, and everyone prepared for more DOWN...would be the mother of all bear traps IMO...
It'll probably happen too since I just bought a HUGE put position...SMH!
Well, looks like I went completely the WRONG way...I suppose the DOW is pulling everything down, and the Russel 2000 UP yesterday was meaningless.
Da Boys got me...AGAIN...lucky I have some protection puts...SMH!
Everyday, a $1 SPY dump between 11:30 and noon...easy money for puts daily!
Personally, I sold puts and added 5/4 265-270 calls given the Russel 2000 strongly UP, and the bull flag that WAS developing before the dump...SMFH!
Not confident, but we'll see...need to break 265 STRONGLY...!
Exactly right, risk, if SPY does not close the week above 268 on these SPECTACULAR earnings, I’m going to open a very large monthly put position.
Just goes to show how important the CLOSE is...SPY closed below the pivot of 266.50, which was negative, despite blowout earnings etc...
Wow, that was a good short on QQQ...who would have thought...bought back my 4/27 QQQ calls at .15 for a lotto!
Why Oh why did I let my QQQ's go...had a boatload of 4/27 163C's which I sold yesterday!!
Damn...sold my 163 QQQ calls for .54 from .13, and was happy...had I waited for a/h's and AMZN's beat, I could have sold for $1.50...I had 100 contracts
Damn Ang, you should have had them for real! I all cash now, and quite content...gonna take a break for a little while!
All the best!
I'm all cash, got sold on last spike...great day, and rescued my account!
Yeah, I think AMZN is going to CRUSH earnings but if there's any slight disappointment, it'll drop like a rock and take the entire market down with it...
JMHO
Yep, that was always my justification for calls this week, but I got screwed by Tuesday's dump! I finally made it back to breakeven today, and should close the week with some profit after staring at an over $10k loss at one stage...hard work and perseverance!
Geez, an even lower volume melt-up during lunchtime to try and reach a new HOD and 266.50...
Low volume walk-down from what I can see, but not exactly like the buying is coming-in...I added some small 4/27 SPY 268 and QQQ 163 calls, just for fun after cashing-out 75% this morning...
Nice A/H action, risk, but as we know, it don't mean chit. SPY should have closed 265 today IMO, and the fact that it didn't, is ominous. However, it did close above that 263.20 pivot that NN always talked about, and that's a positive for tomorrow, especially with no real resistance to 265.
I personally think SPY gaps to 265 tomorrow morning and then drops like a rock back to 262...hope I'm wrong...I need 267/268 to get out of my 4/27 calls with a little profit...