I am willing to admit I don't have the skills to be great at futures. I could probably survive on ES or NQ, but would get my rear kicked on metals, bonds, and commodities.

$30,000 Millionaire said:

---

I am willing to admit I don't have the skills to be great at futures. I could probably survive on ES or NQ, but would get my rear kicked on metals, bonds, and commodities.

---

I dont do them either

I retired from commodities trading after I mopped the floor with the kids table in a mean game of Pit at one of my parents' work parties when I was 10. I cannot improve on perfection.

Bretton Gekko said:

---

Dunno if anyone here trades futures, but look for us to flirt with Friday's low sometime between Sunday open and Tuesday close. High odds gap down situation between Sunday-Tuesday.

---

Looks like futures be flirting already! I hope we get an exact repeat of Friday on Tuesday (melt up pre-market, then dump mid morning). If volatility looks jumpy as well, I will play puts again! QQQ seems to have solid support at 272, but if that failed it could see 256.

We're not out of the woods yet.

futures without the cash session doesn't mean as much. Still, quite the ramp since 3AM.

https://t.co/qDkcZx1O5l

Interesting read on the run up in tech and the guy who helped drive it with the options flurry. This is still really going on though so the question is what happens next?

topher06 said:

---

I'm hoping it goes up and then goes up more mid morning.

---

good luck to you sir. I'll be just as happy to go with calls if we get out of this trend. I'm not rooting for the markets to tank, but plenty of indicators are looking ugly.

GreasenUSA said:

---

Qudian (NYSE:QD): Q2 Non-GAAP EPS of $0.02 beats by $0.22; GAAP EPS of $0.10 beats by $0.31.

Revenue of $165.2M (-47.4% Y/Y) beats by $63.2M.

Press Release

Earnings Call Transcript

---

Seems pretty good, no?

GreasenUSA said:

---

Qudian (NYSE:QD): Q2 Non-GAAP EPS of $0.02 beats by $0.22; GAAP EPS of $0.10 beats by $0.31.

Revenue of $165.2M (-47.4% Y/Y) beats by $63.2M.

Press Release

Earnings Call Transcript

---

i dont want to get political on here, that being said how will the markets play out in this upcoming election ?

hedge said:

---

i dont want to get political on here, that being said how will the markets play out in this upcoming election ?

---

what pignorant said, plus you can play volatility via vxx calls if this trend continues -- probably could even flip them weekly and roll to the next week. Buy them when vix is low and spy is ripping, then sell on a spy down day, rinse and repeat. Hold some through the weekend if you need a hedge for Monday premarket.

I read this elsewhere, but some believe there are 2 factions of big money, 1 that wants Trump and markets to the moon, the other faction that wants to dump it and blame it on him. I don't think it will matter honestly, if we don't moon first, when he gets reelected we will 4000!

JAggie2007 said:

---

GreasenUSA said:

---

Qudian (NYSE:QD): Q2 Non-GAAP EPS of $0.02 beats by $0.22; GAAP EPS of $0.10 beats by $0.31.

Revenue of $165.2M (-47.4% Y/Y) beats by $63.2M.

Press Release

Earnings Call Transcript

---

I finally dumped it along with just about everything else I had so now seems like as good a time as any for it to finally rip. But if its like anyting else lately that destroys earnings it will fall for some reason.

---

About right. I exit at about even late last week after holding for some time. Perfectly timed on my part to miss the upside. Geez....it'll probably rip off a 30+% gain in a day now.

$30,000 Millionaire said:

---

futures without the cash session doesn't mean as much. Still, quite the ramp since 3AM.

---

Bright green right now, will be interesting to see where we wake up tomorrow

My hypothesis is we will be range bound between 3450 and 3350 until a direction is decided.

$30,000 Millionaire said:

---

My hypothesis is we will be range bound between 3450 and 3350 until a direction is decided.

---

Yeah it feels like a sideways week to me

Nasdaq futures down 2%

That didn't play out quite as expected. The 40pt dump in first few mins of futures open Sunday took the sell progs out quick but still gonna end up with a little gap down.

Funny drama in CWH in the past week. JPM analyst had the share count wrong in their last note, Cohodes caught it and called them out, and now today JPM admits mistake and upgrades. Fascinating.

Bretton Gekko said:

---

That didn't play out quite as expected. The 40pt dump in first few mins of futures open Sunday took the sell progs out quick but still gonna end up with a little gap down.

---

You're way more versed in the past data and probabilities so curious what you're seeing in the tea leaves. It seems like a red open with V bottom reversal with volume stacks the odds with the bullish continuation short/medium term vs a gap up and fade before a double bottom retest. Not sure if I'm making any sense here...

That's interesting....

UpstateAg said:

---

That's interesting....

---

And a 50% jump last 10 min

NASDAQ down 2%.

10YR UST got to 74, before dropping to 68.

DIS upgraded to buy. Hopefully we can get out of these calls in the green.

TSLA is down 15% pre market. If it isn't on news i think i might try to scalp some higher strike calls that end this week. My gut says hitting 400 is way higher than hitting 300. Thoughts?

*disclaimer: i have been day trading options for 3 months