What's the best way to hedge at the open? SPY puts about a week out? How far out of the money?

Exsurge Domine said:

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I think Disney is going to tank and ibm is poised on the precipice

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It has big support around $98 for those looking for a potential flash pivot. Even if that is short term before getting broken (if markets don't recover). Just be skilled at selling half and using a small % of profits to buy cheap $97 Put for tomorrow If it happens.

So buy if you see $98 and a bounce then sell half at $102 and enter a $97-98 Put against remaining. Or you could buy a $100 weekly call if you see $98 and I'd sell 80% above $101 and more than pay for remaining 20%, to see if a full reversal occurs.

Trump now claiming a vaccine will be ready this year.

https://www.cnbc.com/2020/05/14/coronavirus-latest-updates.html

Exsurge Domine said:

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Short everything ASAP

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was in position Monday!

Below 2783 in the first hour and very likely we will see something under 2750 today.

278.01 or thereabout is the the 23.6% Fib, we are riding that area leading to open, I imagine we'll blow past it with conviction at the bell...... just the way things have been lately.

ROKU only down $0.86. That wants to run if you see a rebound in markets.

Numbers nerd talk here....(I just find it fascinating)

So minus the error associated with the DPI of my mouse and where I click to get the high and low on the Fibonacci numbers you can see here the 23.6% retrace from the recent high on /ES. With so much thought that the fib levels control so much, I think in this case it may have been something different.

These are zoomed in 1 minute candles. That yellow line is the 2x-standard deviation off of weekly VWAP. That value at this precise moment was 2777, right when /ES touched 2777 it has pretty much slowly climbed a little bit ever since. It's interesting to me that different setups use different triggers. I think we've all seen the tables turn off of a boll. band here, or a fib level there, or in this case, the 2nd standard deviation of weekly VWAP.

oldarmy1 said:

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Ragoo said:

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oldarmy1 said:

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May 15 SPY $283 Call I'd buy now
Look for $282 to buy a $280 Put

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selling back to 280, think we bounce off again?

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Hard fail if you don't see 2793 SPX and $280 SPY reclaimed within first 30 minutes hold onto all Puts.

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Selling your calls if that happens?

fightintxag13 said:

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oldarmy1 said:

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Ragoo said:

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oldarmy1 said:

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May 15 SPY $283 Call I'd buy now
Look for $282 to buy a $280 Put

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selling back to 280, think we bounce off again?

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Hard fail if you don't see 2793 SPX and $280 SPY reclaimed within first 30 minutes hold onto all Puts.

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Selling your calls if that happens?

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id guess he sold the 283 on the hard pop less than 15 minutes after the NOW post

Lows bounced off $278 on SPY. I bought some SPY shares with all these $281 Puts but already dumped them (the shares) anticipating a retest of those lows. If $278 gets taken out and no quick flash pivot then decisions on any profits on partial Put sell to offset both sides premiums will be needed. Or if you are thinking we reverse off the early action you can sell whatever is needed to cover total trade cost and buy a portion of shares against the $281's to lock in $3 gain and then see if reversal takes hold sending us to the Call side. Perfect world scenario.

Anyone used TD Ameritrade to buy a German stock (US: OTC) ? Tried to place an order yesterday but had no luck in getting it filled, so assumed it was because the German market was closed so waited and tried again this morning, but no luck either. I'm obviously missing something stupid.

McInnis 03 said:

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278.01 or thereabout is the the 23.6% Fib, we are riding that area leading to open, I imagine we'll blow past it with conviction at the bell...... just the way things have been lately.

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[url=https://ibb.co/8bmvxGq][/url]

I'm looking at the breakthrough from Mar 23 as a major retracement and not a new trend. Very interesting to see how well it lines up that way

This is the third try to push through the massive 280 (278.45) wall of support

fightintxag13 said:

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oldarmy1 said:

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Ragoo said:

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oldarmy1 said:

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May 15 SPY $283 Call I'd buy now
Look for $282 to buy a $280 Put

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selling back to 280, think we bounce off again?

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Hard fail if you don't see 2793 SPX and $280 SPY reclaimed within first 30 minutes hold onto all Puts.

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Selling your calls if that happens?

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Only if I buy some SPY against a portion of Puts for upside protection/opportunity

ROKU nearly green

NFLX got some good momentum this morning. day traders are all watching the 452 level to break.

Here. We. Go.

Closed my $7 SDC put for next Friday, it's playing really close to anchored VWAP support so I'm thinking take the profit.

Carlo4 said:

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Exit point for TVIX?

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Be bold. $400

WTF WAS THAT ON SPY. MINUTE CANDLE 272.99 RIGHT BACK TO 278.40

quick flash to 273.

McInnis 03 said:

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WTF WAS THAT ON SPY. MINUTE CANDLE 272.99 RIGHT BACK TO 278.40

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A glitch is my guess

McInnis 03 said:

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Closed my $7 SDC put for next Friday, it's playing really close to anchored VWAP support so I'm thinking take the profit.

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Nice trade. What did you buy and sell at?

I'm buying the SDC 10/16 $9c @ $1

I'm going to buy back my position in CADE if it touches $5

Glad I am not the only one seeing it on three different platforms.

VIX still up 2.58

Beat the Hell said:

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McInnis 03 said:

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Closed my $7 SDC put for next Friday, it's playing really close to anchored VWAP support so I'm thinking take the profit.

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Nice trade. What did you buy and sell at?

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Was in at .35 (monday), out at 1.15 (just now).

Prognightmare said:

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I'm buying the SDC 10/16 $9c @ $1

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I may look for something similar but something with expiration RIGHHTTTTTT before their next earnings in August

McInnis 03 said:

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Beat the Hell said:

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McInnis 03 said:

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Closed my $7 SDC put for next Friday, it's playing really close to anchored VWAP support so I'm thinking take the profit.

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Nice trade. What did you buy and sell at?

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Was in at .35 (monday), out at 1.15 (just now).

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You know, once you type it on Texags it looks like a freaking fantastic trade.

McInnis 03 said:

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WTF WAS THAT ON SPY. MINUTE CANDLE 272.99 RIGHT BACK TO 278.40

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So now I gotta worry about algos robbing my deeper limits?

FB looking like it wants lower.

Remember when RUBI was $6, just 24 hours ago, I miss the good ole days.

FYI...Neckline on SPX head and shoulders formation HAS BEEN BREACHED!

cisgenderedAggie said:

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McInnis 03 said:

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WTF WAS THAT ON SPY. MINUTE CANDLE 272.99 RIGHT BACK TO 278.40

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So now I gotta worry about algos robbing my deeper limits?

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Yep. It sucks when they run the stops.