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True. I don't trade vix derivatives but that does seem like easy money. Volatility will not remain this high.
SPX finishes the year above 3,000. People who sold their holdings here will look like panicked fools.
Good move by the fed. yolo bears who put their life savings into $220 puts are toast.
If posters want to talk about the economic fallout from the virus, that's fine. But let's not descend into bickering about which president/political party is to blame. Henceforth any posts blaming a specific political ideology or politician for the outbreak will be deleted as of topic.
That or SPY trading at $260 means it's now priced in.
Many businesses will be closing soon, based on that the economic fallout has not yet peaked. I don't think this is the bottom yet.
Nice trade. In regards to posting while trading, during the session I only have my trading platform and a browser with the CNBC website open so I can see any breaking news. Then maybe a tab with this board open. And on my trading platform I only have an SPY chart up and a watchlist showing the different sectors and a few indices. Simple setup compared to other traders I've seen who have tons of information flooding them at one time. So it's not hard to watch my positions and post on here at the same time.
Damn I left 4K on the table by not holding longer. Ughhhh.
Easy $$$
Garbage speech, but still sold two call positions for a gain.
I'm holding calls only into this press conference. Let's see what happens.
$265 close.
Wow. This is scary.
Picked up 3/13 $260C at $2.71.
Next week will be an up week for sure, way oversold now.
April 17th $250P traded at $0.17 on 2/18, it's now trading at $22.30. 13,000% percent move in less than a month.
Boom, calls will pay $$$!.
This is a big overreaction, prices will go higher into end of week.
Bought OTM calls expiring next Friday, $290 strike.
Yeah, it's going down. Not touch this long today.
This is the same spot it held yesterday.
Anyone going long here? I'm considering it.
Sold puts for an 8% gain here. Not liking the way this is moving.
Tech is relatively strong here. We need tech to drop hard for a bigger selloff.
5 minute bullish wedge, could be a bear trap. I'm worried.
Where do you think this is headed intraday?
sub $300 close I'm loaded in puts, let's drop.
Turns out I was right.
So everyone here had the clairvoyance to just know that the rate cut spike would reverse and SPY would go sub $300. I find that incredulous.
The charts useless right now, better off not even trading until this volatility subsides.
That said, I'm bailing on my calls.
The virus has a low death rate, the general public is overreacting. We will find out how to contain it's spread, and stop it in it's tracks. Long term effects to the US economy will be muted.
Back to $310 by end of the week. Rate cut will boost market. Purely emotional price action right now.
Done daytrading this mess, switching to longer timeframes.
Bought April 17th $310.00C for $7.29. Swing trade.
I think it bounces back. I'm not selling as of yet.
I'm gambling some calls here at $306.00 for a daytrade. Not risking much.
The rate cut is the reason to go long. I'm long biased right now.
Same way I'm trading. Tons of money to be made.
Any big dips intraday I'm going long.