Thoughts on the 300c spy for Friday?
Ragoo said:
Thoughts on the 300c spy for Friday?
thirdcoast said:$30,000 Millionaire said:
Well, futures market is ignoring Fauci and Pence self isolating. Overnight gap lemmings are at it again.
Bad virus news means Fed pumping isn't ending soon. Good virus news means Fed pumping is ending soon.
Fox is saying it's not true.texagbeliever said:IrishTxAggie said:
If more WH staff start popping up positive, I'd expect the market to react IMO. Plan accordingly.
A chance to buy on a dip perhaps. Boris recovery will probably lessen the impact.
Ragoo said:
Thoughts on the 300c spy for Friday?
tam2002 said:
Went to bed futures were bright green looks like it's flipping other direction now.
Gonna be a interesting week. Feels like we're gonna get a lot of info this week, good and bad.
CrazyRichAggie said:
CAH has earnings tomorrow. Anyone else playing?
Options Expiration.Spaceship said:
What is "opex week" for us newbies?
Nothing wrong here, but gotta ride the trend until the trend says "GET OFF MY BACK". I've been learning this the hard way but a good amount of study this weekend has opened my eyes to some stuff. Probably elementary stuff for you big time winners but for me, the trial by fire has been hot and it's time for me to put on some damn oven mitts!jj9000 said:$30,000 Millionaire said:
Well, futures market is ignoring Fauci and Pence self isolating. Overnight gap lemmings are at it again.
Not sure I've seen someone pulling for the Market to breakdown more. This isn't criticism, it's just your position, and I respect that.
Here's the deal though. It may not be this week. It may not be this year. But, the rug will get pulled out.
This is a historic bubble. Just be patient. The Fed can't fix the broader problems going on around us.
Let's suppose the Fed injects XX amounts into this thing for perpetuity, coupled with historic unemployment. At some point there will be inflation/deflation, and ultimately market stagnation for a very long time. So, worst case in your position is we go sideways for a decade. I don't think it will happen, but it's possible.
Bottom line of my point is there is money to be made on the upswing, and the downswing, and if you're waiting for the bottom to fall out, just be patient and try not to get frustrated.
Bob Knights Liver said:
Will be tough to make any money with large premiums. Calls would have been a good hedge at the start of the month. I'll probably watch premiums on June puts and buy some if they get low enough as a hedge. If the market has a bad day or two you could take a little profit on those, if we have major issues opening back up you could bank.
Spaceship said:
What is "opex week" for us newbies?
oldarmy1 said:
Buying SPY $289.78 and if no bounce early I'll just sell second gap area deeper in the money $283/$284 calls out a week to make $2-3 or end up with entry net price $280 and deal with it then.
One of my smarter moves in awhile...IrishTxAggie said:
Closed out ALL long calls. i'll take my chances of missing on something and just start from scratch on Monday. Best of luck. I'm done for the day.
Grreeeeaaaaaattttttttttttt....IrishTxAggie said:
PENN and YETI just announced offerings