Sold naked calls on UVXY.
Stock Markets
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Last: 3 hrs ago by Heineken-Ashi
Powell on Virus:
Will use tools and act as appropriate to support the economy
Paraphraising it means they may cut if it gets too out of hand
Will use tools and act as appropriate to support the economy
Paraphraising it means they may cut if it gets too out of hand
IrishTxAggie said:
Powell on Virus:
Will use tools and act as appropriate to support the economy
Paraphraising it means they may cut if it gets too out of hand
Yep and the market liked the statement
Mas89
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It wouldn't surprise me at all for an announcement regarding a coordinated effort by all central banks to add liquidity and support the financial markets this weekend.
Remember, we are about 10 minutes from the time the market did it's flush yesterday
I'm a glutton for punishment. Picked up SPY Mar 4 260p
Been interesting to watch the last 30 min...
3/2 SPY calls for $310 went from $0.19 to $0.30.
3/4 SPY calls for $310 went from $0.60 to $1.20.
3/2 SPY calls for $310 went from $0.19 to $0.30.
3/4 SPY calls for $310 went from $0.60 to $1.20.
Fed will pump until it doesn't work anymore. Plenty of ammo and I suspect next crisis they will hold equities.
Both my SPY calls and my VXX calls are rising... I feel like I'm taking crazy pills.
The XOM '21's purchased today have almost doubled. I'm not complaining.
It was good for a 4 point bump on the SPY but couldn't even get us to around 294 and trying for new daily highs. How is a rate cut, in a supposedly healthy economy after we've already cut, going to open supply chains and keep people from getting sick? Then what happens when they raise it back up after this passes?Prognightmare said:IrishTxAggie said:
Powell on Virus:
Will use tools and act as appropriate to support the economy
Paraphraising it means they may cut if it gets too out of hand
Yep and the market liked the statement
Had been watching it for like 10 mins, but of course the minute you talk about it....
Looking like we might have seen a bull trap...
I bought the 3/2 385 SPY puts when we didn't push over 294ish.59 South said:
Looking like we might have seen a bull trap...
leoj said:I bought the 3/2 385 SPY puts when we didn't push over 294ish.59 South said:
Looking like we might have seen a bull trap...
Nice trade.
SNSS has been a good day trade last couple days.
$0.72 this morning, $0.81 right now
$0.72 this morning, $0.81 right now
Liquidity will support the markets. Yields are crashing so the only place to really make money is in equities. Fear has gripped the market and its trading on emotion. The coronavirus scare "pandemic" will end up being considerably less apocalyptic as the media is presenting it. Factories are reopening and supply chains will be restored. I'm not concerned. I bought XOM today and MRVL yesterday
if you still have shares from this morning, hold 'em! She's going to rip next week.Aggie_2463 said:
SNSS has been a good day trade last couple days.
$0.72 this morning, $0.81 right now
6 month chart is a beauty - she has a nice rounded bottom
I don't think you know how options work.deadbq03 said:
Both my SPY calls and my VXX calls are rising... I feel like I'm taking crazy pills.
That's not entirely false. Curious which part makes you think so, the fact that I own them both or my comment on how they're moving together when they typically move oppositely?aggiedaniel06 said:I don't think you know how options work.deadbq03 said:
Both my SPY calls and my VXX calls are rising... I feel like I'm taking crazy pills.
RIG up 13%... Lot of insider buying yesterday
It's just been a nose dive all day in the bond market. 10 yr. setting a new record low.
As volatility increases, the Vega (measure of IV) of Options increases and thereby even with a stagnant or range bound underlying, the value of the option increases.
5th day on SPY where if you didn't have Put hedges the price of the previous days close never gets reached the next day. That is brutal
Thanks for the reply. I don't know the fancy Greek words but more or less get the concept. That's why I was responding to a comment about volatility.
I'm just relatively new to hedging with VXX and haven't seen this happen before but knew it theoretically could. Made for a nice afternoon for me.
At some point the IV's gotta come down, but I'm keeping less in options right now than profit I've made from them over the weekend so I'm not concerned.
I'm just relatively new to hedging with VXX and haven't seen this happen before but knew it theoretically could. Made for a nice afternoon for me.
At some point the IV's gotta come down, but I'm keeping less in options right now than profit I've made from them over the weekend so I'm not concerned.
That is why when volatility is this high, if I wanna bet in a certain direction, I would rather sell calls or puts.
Or for more advanced trading, lets say you're bullish, you can cover the cost of a Call by selling OTM put spreads, that way you hedge the IV crush that will certainly come.
Or for more advanced trading, lets say you're bullish, you can cover the cost of a Call by selling OTM put spreads, that way you hedge the IV crush that will certainly come.
Yeah I'd love to do that. I can't go naked since I'm trading in an IRA.
But right now I'm betting zero direction... just betting on movement.
deadbq03 said:
Yeah I'd love to do that. I can't go naked since I'm trading in an IRA.
Synthetic naked?
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Wow. They ****ing wrecked me into the close. Should have taken my chips off as we got near 288.
The volatility on SPY the last 30 minutes is giving me a headache.
40 points swings like it's nothing.
40 points swings like it's nothing.
$288 to $296 in 15 minutes.
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