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Sure feels like it, but it won't be the first time i've been wrong.
The only problem I see with what you say is.... it makes sense.
In light of this, I say up day tomorrow lol.
I will say... the last two gap downs have had significant up days afterwards..... however... SPY is not loyal. Super sketch.
Calls.... if I had puts... no sad face.
Have 216 Oct 28 puts.... Sad face :(
Just made some cash hitting a call in and out. I am convinced At this point that I will never make money off puts haha.
Chaos monkeys. Check out that book. Gives a pretty cool look into the inner workings of facebook. "Anything times a billion is a lot".
Can I just say... I appreciate all of you on this board. Losing money has never been this fun.
I think it could... But probably not as confident as you are.
Man that is very true. Craziness
A Spy call. My impeccable timing sentence was incredibly sarcastic lol.
And I bought a lotto call for next week too. My timing is impeccable.
Yeah like me ;) i have to agree with you though. Takes more guts to take a loss and just let it ride.
Maybe....Probably... I just can't accept it for some reason, aren't dividends going to kick in before the end of next week? I have to look that up, if so this is supposed to go down right? I mean that is why the puts are at a premium no?
I'm holding 209 and 208.5 puts for next week. Down close to what u are. I'm gonna let it develop. If I lose big I will take a good lesson away from this if I win, well i'll just continue being stupid i guess.
Well for one I would make alot of money. But yeah I see your point. That would be a disaster.
Wow, I forgot what Red looked like. Ohh SPY
Hey why not. Let's party
Seriously, i left pennies for a more stable environment but still potential for large gains. If I start getting pump emails about the s&p i am going to pull all my money and go invest in beanie babies. Why not!
But I mean, isn't that already kind of happening? Consumer investing is down and central bank is up?
Yeah true. Trying my hand at being a bear has been a serious pain so far with SPY lol. Only money i've made is off the calls i bought that I thought were pure gambles.
Do you think The oil report today will give us the start of that retrace?
https://www.google.com/amp/www.marketwatch.com/amp/story/guid/26178E1E-2239-4971-B66C-FB0BD1D381B4#
I'm watching the Big short right now so I feel better. How about that technical analysis!
Nice man! Looking forward to losing money with you as the year goes forward!
I used to be an electrician too! Now i am in distribution. Down year here, industry is not making big purchases to upgrade infrastructure. They aren't paying out dividends either. It concerns me. Maybe it's just because it is an election year. Happened in 2012 too...so who knows lol
Because... Science. Or something like that.
i had to turn that off! Looked like I was typing in tongues. Have a great weekend guys, and you SPY.... In honor of a fellow poster, u just die already lol
I'll try and be the man you know I can be.
Well atleast we can celebrate that!
I hear that Risk, if I had bought closer i would be rocking myself in the fetal position and lamenting my apparently warped and wrong view of how economics work.
Is anyone giving out awards for worst closing price prediction?? I'd like to submit my mine if so ??
I mean what do I know! Up up and away!
I think you are right. Plus all the economic people are brushing this job report aside as an outlier that needs to be averaged out. They are also saying everything about the global negative outlook. Maybe we are all wrong but it sure does feel like we are on the edge of a cliff.
Anyway, here is my prediction... This closes below 211 today. Place your bet's!
Ballsy man. My hairline can't take close to expiration trades like that.
Well said. I am out of my call and bought a jul 22 208.5 put. I like having it out a few weeks, makes my cholesterol stay even lol.
I guess so. I kinda feel like this is an overreaction and it will go down next week. But i'm not complaining as long as the price holds long enough for me to sell my 211 calls today :)
So I guess 100k lol. Spy i'll never figure it out lol
Nice trade. Probably going to sell my spy jul 08 211 lotto calls this morning for a small gain. Hoping for a nice pop and then a retrace for my jul 15 puts.
We'll see :)
Bought 10 211 calls at .14 for a small gamble myself.
Sold 208.5 puts for .30 gain. Not bad. Now where o where to re-enter and in which direction :/ ?