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Are you in puts for this week or next JB? I was looking at next week 100 earlier but wasn't sure yet since it sort of put in the breaks right there at 104ish
Looks like all the action is done for the day, looks to be a flat line for the rest of the day and a bounce probably in the power hour..
What a fun market! #sarcasm
As if they would.. Bunch a half brained Camels running that country and its companies..
CMG all coiled up.. Gotta move somewhere soon..
Well need something.. This is so boring argh lol
Only 65m vol on spy today..
Wth is going on.. It feels like a prelud to a big flush..
That's a monster weekly candle.. I rarely look at those if ever..
I see your point but the size of it throws me off.. Makes it seem like it will baseline at 1250-1350 range at the same time it may have sharp snap back based on hourly.
I'm more interested now on how next 2 weeks will play out..
To 1300 for sure.. I can't see much strength after that.
I'm just biased atm with the anemic up move this week.. Hoping for some decent volume and movement next week, this Friday completely aggravated me with boredom..
It's extremely overbought, lots of shorts covering.. They will start up again next week..
Given how Vxx is still hanging high and then markets didn't really advance that much after Wed. And top that off the volume was suspiciously light this week..
There's a good chance there will be a nice downdraft next week. Maybe with some luck and bad traveling news, we can see PCLN near 1150-1100 range again next week.
Everything has pinched bollies it's insane.. Too bad I missed fB calls and Cmg puts
Crazy volume and total OI on VIX March 16 calls..
I think I'm going to grab some.. 10k volume on every even strike to 30 and the. 17k on 35..
What doesn't kill you makes you stronger right?
Very large volume on mar 16 Gld 130
Calls, 18k volume today.
Open interest is still much higher in all the calls than puts.
Hmmm..
Silver on the other hand has good volume today on April 16 puts
That's within 30 min too.
Wow at NFLX premium killing. Watched ITM 90 calls at 1.40 go up only to 1.60 from 90.60 to 91.80 with a delta of .6
Gotta love how MMs steal money
Exactly my thoughts, we have been above the 5 and 10 day moving average for this week but it seems so overblown.
I almost want to buy puts for next week, but this push has me questioning next week, because of how far up we are from the 5 and 10 Day MA.
Oil looks to be stabilizing too. And China so far didn't devalue the yuan but strengthen it.
I hate to say it but this might be just a range bound section that will persist for most of this year given the earnings season isn't terrible but isn't good either.
My guess is we will stick between 180-200 on SPY until something gives a reason to go further up or down.
Yea, my paper trades are around 60/40 with the winners a little bit larger than losers. But I'm having trouble at the moment with overcoming fear by pushing that button for real money.
Any tips? It happened since I lost a large chunk on my panicked trade on Googl on Friday a few weeks back. Blew thru 2k. Cut a large chunk of my funds and developed an anxiety on my trades.
I'm slowly using small hedges with the main direction i forecast. Ex 5x 90 calls at 1.5 and 2x 85 puts at.
I'm trying to figure out a way to restore my confidence again, having a bit of trouble still.
Thanks for that Nolerman!
I needed that.. Have a serious problem with executing trades for the last couple of weeks because I expect myself to win 100% of the time but in reality my projections are right about 60% of the time..
Need to get off my fear horse and get back into action..
There's also very high amount of VIX 30 calls for March, and others in that area but 30 is insane.
It's probably the expectations of more yuan devaluation and weaker data from China, and to top that off more weak US data too.
I followed you on that slv trade except I barricaded myself with 13 puts at .03 instead. 15 calls sounds fantastic at the price it was.. Up 50% already at the eod on Fri.
What's your planned exit? I was thinking maybe near 16 by the end of February if not 17. I'm not really sure on the movement strength but I can see silver gaining 10% this month.
It is stutz, we opened the week and closed it with a tight range. Since it's the beginning of earnings season, there's a really good chance we bounce.
$NFLX 89.65
SPY $197.46
Futures fell off the cliff...
Again..
Top that off futures are tumbling
Nikkei futures fell off the clif...
Happy New Year everyone!!
You too JB!!
You too JB!!
That's an understatement
You too JB!!
Check this out Vegas, a new option has appeared for me under client Services that I didn't see in March.. It has tier 2 options standard cash..
How strange that I have never seen it before.. If options house doesn't allow a cash account I'm going back to td and can same day wire a good amount of cash into td account and then give them a call to upgrade to tier 2 cash only.
No kidding.. I was confused too after I read about cash accounts and how people used them for options.. I guess it's time to call OptionsHouse in the morning..
Check my reply to stutz Vegas.
Although I will stick with OptionsHouse if it works as a cash account for just calls and puts. I haven't got enough experience for spreads or any advance strategies yet.
That's the thing stutz, I still have the td cash account and it says illegal shares -1 anytime I tried to buy just plain call or put. So I called td and they said without margin all i could do is sell covered calls.
For options house I haven't tried with just a bare account, they gave me a margin account right away. If I change my account to cash only on OptionsHouse I fear that the same thing as td will happen.
Thoughts?
Hey Vegas, TD wouldn't let me trade options without margins and I had 2k at the time. So I went with options house but they wouldn't let me have a cash account but their fees are lower so I stuck with them.
I had the impression that trading options required margin just like TD said for options lv2.
How were you able to do that? That would explain it. I don't really short anyway and i want to trade daily really bad..
It also only works for those with 25k+ accounts for unlimited day trades, otherwise it's beat to pick one you can hold over night and or real big gainers for same day multi bagger.
My co workers just looked at me funny cause I started laughing so hard!!
Morning all OMs!!
EIA report should say everything tomorrow for XOM, just wait to see what it says, if the inventory swollen more than expected it will tank with oil and the whole energy sector again until FOMC.
After that should be a Santa Rally and onto the earnings season.. Which at that point market is going to fall off the cliff pretty much :/
My thoughts exactly.. Something's brewing :/