Buy SPY puts before the close of the day? Or strangle?

strangle

Carlo4 said:

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Take the worst unemployment week we ever had. Multiply by 4. That is the expectation. I can't imagine it going up tomorrow, which means it surely will.

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this. I want to short everything, but when I think there is going to be more correction we see green.

This is from Chris Ciovacco on Twitter re: expectations for tomorrow (unemployment claims in millions):

Estimates:
Market Watch Med 2.5 M
Goldman 2.25 M
BOA 3.0 M

AAPL May delay 5G iPhone launch

hedge_zer0 said:

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strangle

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SPY 248 x 258 strangle in place. Lessss go.

So far does the relief rally retrace before the bear reappears?

I grabbed SPXS calls right before the selloff started. Hopeful it holds into tomorrow, selfishly.

Prognightmare said:

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oldarmy1 said:

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I can see all of you guys buying IWM Puts.

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You front running, market making, stock manipulating summamabich.

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We might made $5 tomorrow if they don't get everything done.

Market worried about those numbers in the morning apparently.

HOLY *****!!

i am selling some stocks today expecting the drop

jj9000 said:

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Watch what happens in the next 15 minutes.

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Not looking good

Just made 100% on weeklies. I was buying them in anticipation of sell off from jobs report but worries about holding overnight now

Every knee shall bow and every tongue shall confess

Missed my put purchase by a few cents

kinda funny that the market moves up before the bill gets passed but will drop after the jobs report

MU earnings on tap.

MU beats EPS and Rev.

Political stunt from a guy trying to save a doomed campaign. He's an a**hole and no one in Congress likes him.

*******s

Topher17 said:

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Political stunt from a guy trying to save a doomed campaign. He's an a**hole and no one in Congress likes him.

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I think he saw how much Schumer was getting and asked Soros for a new house.

IrishTxAggie said:

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MU beats EPS and Rev.

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pleasantly surprised by that, may not matter if whole market is down tomorrow though

Trolley Problems said:

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Buy SPY puts before the close of the day? Or strangle?

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I bought more today when market was near its high - march 30th and april 8th expirations

Bought a couple puts on the spy as things started to head south. Bought some weekkies and some out to march 31st. Obviously did well into the close, but I'm still holding them.

Hopefully that doesn't wreck me come morning.

IrishTxAggie said:

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Information I posts comes off of CheddarFlow over 95% of the time... I've been pretty up front about that with people and pretty sure most here know. If you think people in here are front running others, you're giving us way too much credit.

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Their twitter or do you pay $85 a month for their platform?

Bear market rallies. You're never safe.

I have one position I opened 20 minutes before close.

220p 4/6 SPY. It jumped 30% before close

loaded SPXU sub $26, we'll see what happens.

Aggie09Derek said:

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IrishTxAggie said:

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Information I posts comes off of CheddarFlow over 95% of the time... I've been pretty up front about that with people and pretty sure most here know. If you think people in here are front running others, you're giving us way too much credit.

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Their twitter or do you pay $85 a month for their platform?

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I pay the $85/month. It's more than paid for itself many times over

Alta said:

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Pretty good runup these last couple of days. Thinking about moving my 401K balance to cash (obviously staying in the account) as I think we are going to drop down a good 10% or so at least before the charge back up. Obviously this is an incredibly long term account (35 years out for me). thoughts if trying to do these type of moves in a 401K is smart, dumb, etc.?

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I would be very careful playing the market timing game with your 401k by fully going to cash. I have very similar thoughts as you, I believe, and have shifted a bit to cash but am still trying maintain some of the designated allocation I have for different asset classes.

For instance I've lowered my small cap exposure from 10 to 5% and mid cap from 15 to 10% -> rough figures. I started a very small part Monday... then late in the day yesterday after the big run up I did more, and then at today's peak (luckily) I sold off a little more.

You might say I'm leaning slightly away from my target allocations but I'm not getting completely out of them. Long term money stays exposed for the most part.

ETA - it appears I'm 20-25% cash among my accounts now (Taxable + Roth). This excludes cash holdings I have outside that I'm prepared to throw in if we see significant decline from these levels (ie 20%+)