VIX back just under 18. NLOD anyway.
Proverbs 13:11
FJ43 said:
AMC
Volume alert went off. 1M on 1 minTomas Hermensa said:FJ43 said:
AMC
Same chart
"Fat girls need love too Craig"Tomas Hermensa said:
I feel like I need a pork butt and some beer while watching the market today.
Tomas Hermensa said:
I feel like I need a pork butt and some beer while watching the market today.
you rang? lol, that's right in my wheelhouse. I have a freezer with smoked pulled pork and a beer fridge next to it!Tomas Hermensa said:
I feel like I need a pork butt and some beer while watching the market today.
XLF is a solid short, but remember that it doesn't move very much, so you generally need to go ITM/ATM.BaylorSpineGuy said:
Has anyone noticed the double top on XLF? If it dips below 37.46, it could be a good one for put options.
I can't post pics, etc., but fairly classic double top.
Does this suggest some stress in the financial sector?
I've got a couple of set of LEAPS, one I'm net free on so I'm riding it out for now.BaylorSpineGuy said:
Goal posts on SmileDirectClub, SDC?
Looks like a dumpster fire of a stock based on the chart, but is this one worth a shot?
irish pete ag06 said:So I have to admit that I slipped back into bad habits on this one and held too long to go from green to red.irish pete ag06 said:These puts are paying today. If this thing loses 7.32 it's going to free fall I think.irish pete ag06 said:Target 1 was achieved a while back... BBIG just lost $8 and I suspect it's about to flip from support to resistance.irish pete ag06 said:
All out this morning on BBIG calls. I made a lot of good $ here (it could have been more but I'm not too concerned with perfect top ticks.
I think it's shaping up to be a good downside play potentially. It's now red on the week, day, and hour. Flow is starting to shade a little more bearish on ususual whales as well.
Watching closely.
Entry @ 8.73
Target 1 8.32
Target 2 7.32
If it loses 7.32 it can really get ugly.
Gonna overnight my $8 puts I jumped into earlier. Also lots of "not so dreaded h's" are on the 30 minute.
A quick synopsis. My last 3 trades, I've used the strat to pick out 2 target prices. They've hit every time. The first one though, I sold when it hit the 2nd price and it ended up paying hugely after. This created a slight twinge of FOMO to show up in my last 2 trades. The next trade as soon as I hit my 2nd target I sold all and left 1 runner that was profit only. My 1 runner left ended up going down quite a bit so I left with some profit, but not as much as I wanted.
BBIG was my 3rd trade using the strat. On Thursday evening and Friday morning there was some unusual bearish flow (I've been monitoring the flow closely and it's been overwhelmingly bullish).
So I bought Puts on Thursdy afternoon and Friday morning when the setup remained valid. As you can see on the above post. I set a first target at 8.32 and a 2nd target at 7.32. Both targets were hit... but guess what I FOMO'd... thought "what if there's more" and held. Eventually this flipped from a 10-15% profit trade in about 12 hours to a red trade I cut this morning when the flow went back to being almost entirely bullish and it got into chop city with inside candle after inside candle.
The circle was how long my target 2 was hit. The hammer candle and the 2-2 reversal would have been great times to sell.
Long story short. Develop a plan. Stick to the plan. Profit.
sxp roll is when funds and people sell spx quarterly options because they are expiring...
— sam (@smartertrader) September 8, 2021
that make mkt sell off hard
then they buy the next quarters options make the mkt go up hard lasts for days.....
irish pete ag06 said:sxp roll is when funds and people sell spx quarterly options because they are expiring...
— sam (@smartertrader) September 8, 2021
that make mkt sell off hard
then they buy the next quarters options make the mkt go up hard lasts for days.....
Is wut Sam say legit?
Forget what you hear on CNBC or Bloomberg.
— Sergei Perfiliev (@perfiliev) September 8, 2021
It’s the options market that drives the $SPX price action.
Options became the new underlying and $SPX - the derivative.
Understanding the impact of options flows is vital if you trade the $SPX.
Let’s have a look at how they work! 👇 pic.twitter.com/eP2piGIZLW
September 9, 2021 08:01 AM ET (BZ Newswire) -- NewsCcutamu said:
ELOX!
wanderer said:
Welp….that was short lived. 1.85 to 1.40 in 10min during pre-market.
Let's see this thing run today.
*Very* choppy September dip continues for #ES_F & new low made overnight & bought just like yesterday. I posted ~4515 as key resistance & we hit, sold 30 points, and now there again
— Adam Mancini (@AdamMancini4) September 9, 2021
Plan today: Risk to 4455 remains as long as below 4515. It clears then 4535 & ATH's back in play https://t.co/avYfPBHatK
Saw it pop when brushing my teeth. Got out the shower and dressed and it was back to even. Damn!gougler08 said:wanderer said:
Welp….that was short lived. 1.85 to 1.40 in 10min during pre-market.
Let's see this thing run today.
Damn that may be a record