NRD09 said:
BREwmaster said:
pay me my money SPY 335 C's! for the record, I'll be buying puts for tomorrow with the profits, maybe a VXX call.
if a nice pullback is going to happen soon, my bet and the odds are on pre-market tomorrow. Thursdays are typically red and pre-market will be when big money wants to hose retail.
still feel good about this? I got an order in for some Friday 336p, will see if they fill at $1
Thursdays usually have a decent probability of red or at least sideways, that being said I'm not real confident about a dip tomorrow. The SPY bullish bets today were nuts (lots of 340's for Friday). I sold my 335C at open, but then jumped into 337's, sold those for a gain. Then near the high I bought a 333P, but just for a cheap hedge really.
If we hit 340 or near it Friday, I will definitely buy a put at that point.