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How many people do you know dont know about insurance on there portfolio/401K? I mean it baffles me still i ask people at work if they had planned on retirement in 2009 and all there money was in money market or company 401K what would you have had to do? Thier awnser, What many had to do, keep working cause the fixed income plans were zapped in a instant.
You can buy blended funds, agressive small cap funds, euro funds, basically everything under the bond sun. Yet nobody offers insurance. No brokerage says hey you should protect your investments like you protect your home or car. Why is that? Its up to options traders like us to let the un informed of the world know yes you can buy protection against unforseen events. Im not a bear although this may get skewed as bearish message but i think we have a voice to the unprotected older folks who reley on this market to never die or just "hoping it doesnt die before they resign.
Peace yall
Vix calls like all state for my car
The secret sauce to spy for low cap option players hold your money till vix is 14, 15+ and climbing. Its coming
Futures opened up +24 on s&p staggering gap up.
If somethings going up its xanax prescriptions on wall st. not sure about spy, Weekly macd could diverge with price or price can follow the indicators current direction which is down.
The machines in all there glory cant fight technicals, fibs are due from Election Day weekly chart setup to burn any bull that bought yesterday.
Margin call pain :p
When i asked you to spot me just 1.5B last month you snubbed me. Im still upset about that.
I dont have PM.
To answer your question though yes of course, You dont have to be a pro i am not.
it is more difficult then stocks because you need to be right about 3 things. Target, Direction, and TIME. You get those nailed you be making bank.
My Advise is dont be fooled by cheap contracts that are way out of the money. pick a strike that is close to price as possible. you pay more but your chances of profit increase dramatically. Give your self extra time with expiration you may think your move will happen in a week give yourself a month. Good luck.
231.50 test zone next week.. buy the dip or sell the bounce?
Imiloa how it goes?
Trading the same SLV and IWM just because there was good volatility. Now focused on SPY missed this drop waiting for a good pivot to grab calls.
I think a move to 231.50 on its way. still might grab puts if there is eod rally..
Wuusipp ro. There has been good volitility in smallcaps iwm. I think some good moves are on deck for spy soon. I wasnt kidding about my target MACD on weekly just turned south 1st time in awhile. Think once we hit those upper 220's low 230's its quick drop n pop back to retest ath. Prob bounce the puts shift to calls right then imo.
229's 229.01 i want to spin the big wheel
Np here is link https://www.investing.com/commodities/silver-streaming-chart
You can make acount and save your chart settings to. Any brokerage account with charts should have it too just plug in 240 min, its good for swing trading, its to big a frame if your scalping options intraday.
yup looks very fine to me. Close above yesterdays price would be perfect.
Thats what the street is saying no hike. I like the way the chart looks for upside and the dollar looks beat to snot. Interesting thing is last time they hiked meaning the 2015 is when we started to see 6 months of upside on silver. Dollar and silver aren't always inverse.
Yeah todays action should be telling after fed speak.
Silver grinds so slowly not saying it cant hit those targets but i would say no.. monthly chart is good to look at when your trying to gauge time. Its not bad or good at the moment imo. Good for trading both ways on 4 hour chart to try to position for the overnight moves and take profits next day or two.
Lol wow scottyb thx for that. You might want to take a look on the daily chart in sept of 2016 buckshot.
I think we see 18+ in the next few months. always overnight moves. We gap and slide gap and slide. Not very interesting for day trading. SLV
They may b waiting for asia to clobber it in the morning.
yeah they telegraphed the launch of uup/usd seemed to obvious thats why i took contrarian trade.. oh well
yup silly of me to think otherwise.
yep toss logic out and just wait to see what happens. But i like the bet.
Not surprising if that happens although im playing opposite as you saw my post on SLV board.
the last rate hike in dec. 2015 sent gold and silver up for 8 months. But fundamentally it makes sense what your saying since bullion is priced in usd.
That all may change this time maybe ppl thought the equity market would crash and they hedged with buying gold and silver. Now that eqd markets are invincible the increase in usd will destroy metal as it should.
Was just about to say i remember that exactly how you put it. IV falls off a cliff and prems drop like a rock.
You can call a straddle on every play going fwd to help him with the frustrations he feels bout you.
Couple of tight resistance spots just north of here. 16.35 and 16.60 if we break those it coould move quick. will see GL
you can prb sit on a .01 bid just before FOMC. There prb shake hard both ways before algo's decide which way to go. 17 are 0 bid now too. i bought mine last week
should be some good moves here in the next 24 hours. Have 17C for Jan. and some 17.50 lotto's for tomorrow.
Even though we all know stuff like this is going on. Its a kicker to see how they chat with eachother, sounds like teenagers texting, when i think of manip my mind pictures there is some covert intelligence but then you see this...
Bullions nemesis isnt the dollar index but just one pair as usual usd/jpy is printing 107 up over 1% while the dollar index is down against everything else.
I have calls for silver btw last night gapped over 1% until usd crushed yen.
Does this cartel meeting have a scheduled wrap date or can the news of deal no deal come anytime this week?
NP the MACD also crossed up on the weekly. It turned up without going below 0 line. Ive notice on daily when that happens it falls rather quick goes way down below zero line then makes a stronger push up after the sto have cooled a bit. Patterns on TA like that are iffy though. It is till it isnt.
Thats why were scraping the dollar and moving to trump bucks equally as effective but now we peg our money to yuan :p
Wednesday night hit the limit down on futures so your 100% right. The limits are in to protect the GS, JP, C, n the BNP€. I check SPX with spy on daily basis so the doji i was referring to with riskon was spx the etf has a margin of paint to work with.
Next week is OE, should be fun. Some up move this week with very little sync between indices. Techs got hammered, blue chips hit ath and spy had the mother of all doji's.
question for the seasoned traders. Why are gaps so important to fill?
SPX filled its 9/8 gap this morning