More basing on SPY...could be another brief run to $295. Am I doing it right?
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Last: 3 hrs ago by Heineken-Ashi
CLR. Boom.
I'm looking at AAPL, anyone else buying this as THE dip? Coronavirus doesn't seem to be going away though, could be more bad headlines next week.Bonfire1996 said:
I'm buying this afternoon. FB primarily
I've scalped AAPL twice today on options. Strictly day trading for awhile off technicals. Not carrying anything over the weekend that aren't leaps I've already had except OMI. That's my APT hopefullyBREwmaster said:I'm looking at AAPL, anyone else buying this as THE dip? Coronavirus doesn't seem to be going away though, could be more bad headlines next week.Bonfire1996 said:
I'm buying this afternoon. FB primarily
SPY drawn intraday trendline held perfectly so far but break 291.50 and not what ya want.
Oil and gas names turning green despite WTI under $45 and Nat gas at $1.70.
Not OFS though
SQ and NVDA
Could SWN finally turn it around? Good earnings.
Good to know -- HP's chat is full of traders swinging, no one is holding anything yet. He also warned all in options to close out calls soon.
Remember what happened yesterday at about 1:45??BREwmaster said:
Good to know -- HP's chat is full of traders swinging, no one is holding anything yet. He also warned all in options to close out calls soon.
Look out below. Eerily similar to yesterday's action. Loading puts and will sell half if double today.
What level are you buying?
I've sold all my puts and giving it a rest for the weekend. Not picking up anything until monday.
I picked up SPY 275 3/2 for 2.40. Also have 310 calls. For the whole spread I have a capital investment split 78/22 puts to calls.
Updated split. Got a better price than limit on the puts.
Updated split. Got a better price than limit on the puts.
I thought it was really going to hold today. that was a pretty strong rally off the lows.oldarmy1 said:
SPY drawn intraday trendline held perfectly so far but break 291.50 and not what ya want.
Information overload for me. I have moved to mostly cash. Holding onto a few winners but but the bullet and pulled the rip cord for now.
Bought Apple, FB, and Amazon. Amazon is at or below pre earnings. Pretty nice gift to get a $400 run then sell it at the top and buy it back where it is now...BREwmaster said:I'm looking at AAPL, anyone else buying this as THE dip? Coronavirus doesn't seem to be going away though, could be more bad headlines next week.Bonfire1996 said:
I'm buying this afternoon. FB primarily
Timber. 2850 retest incoming
S&P is setting up for a classic red flush to green Monday if this doesn't get serious fasst
This sounds morbid, but what happens when a Covid patient here in the u.s. passes away? markets overreact again?
BREwmaster said:
This sounds morbid, but what happens when a Covid patient here in the u.s. passes away? markets overreact again?
If it's an 82 year old at home? Minor scare
If it's a 23 year old in a hospital? Bombs away
If there is a cluster in any city it's going to be really bad. If someone dies that got it somewhere else then I don't think the market reacts. Just my opinion.BREwmaster said:
This sounds morbid, but what happens when a Covid patient here in the u.s. passes away? markets overreact again?
I would assume that panic drops will continue occur on the first death, first cluster, shortage of multiple items (TP, OTC and prescription drugs, etc).BREwmaster said:
This sounds morbid, but what happens when a Covid patient here in the u.s. passes away? markets overreact again?
Less volatile drops will occur if this is, indeed, massively global and halts production for more than 1 quarter.
oldarmy1 said:
S&P is setting up for a classic red flush to green Monday if this doesn't get serious fasst
How green? SPY $310+ green?
It sure feels like all my naked plays fail, and all my spreads blow up... opened a small put spread before the market tanked, the short portion had returned. 10k on $700.
When it reverses it will jump hard.Boat Shoes said:oldarmy1 said:
S&P is setting up for a classic red flush to green Monday if this doesn't get serious fasst
How green? SPY $310+ green?
We'll do the same stupid SPY spread in the last hour.
This is ugly action for 1pm on Friday. Could close at 2800-2850. Then 2718 gap fill is in play for Monday morning. Cool 20% haircut in a week and a half
If above happens it could reverse hard. I'd be buying cheap calls way out of the money
Same pattern last 3 days. Bounce looking like reversal and meltaway all afternoon. Wherever the markets close it might be good for 15 minute trade to buy the cheap SPY put expiring today. If it follows suit the markets dropped good after the close.
SPY 3/13 315C is at little over 1/4 the price of a 3/6 260P. Premiums for any put right now are sky high. If anybody wants a lotto play, find a call strike and expiration you like. Seems like everyone is being suckered in to the put side and there's going to be news over the weekend that gives us a green Monday.
I don't have any positions in SPY right now. I just don't comfortable with the put premiums to want to follow the general sentiment.
I don't have any positions in SPY right now. I just don't comfortable with the put premiums to want to follow the general sentiment.
khkman22 said:
SPY 3/13 315C is at little over 1/4 the price of a 3/6 260P. Premiums for any put right now are sky high. If anybody wants a lotto play, find a call strike and expiration you like. Seems like everyone is being suckered in to the put side and there's going to be news over the weekend that gives us a green Monday.
I don't have any positions in SPY right now. I just don't comfortable with the put premiums to want to follow the general sentiment.
Exactly. My puts are up 15% so far. I plan to sell a portion and buy more cheap calls between 2:30 and 3:00
VIX at 48.
tailgatetimer10 said:
What number did this trigger at?
That was at 9a at 2875. I dont think the bottom is in though.
Risk tolerance here is through the roof. I trade mostly futures and this is too volatile for me.
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