I'm in SPY 444p exp next Wednesday
Stock Markets
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Last: 22 min ago by Cru
I think this will be it.
I'm still learning to read and chart...but is the $SPY 200EMA on the Daily about the same level as where it opened on a gap up back on 10/14?
I want to have the guts to hold until SPY breaks 440. We will see. I bought some more and now have avg price of $6.70.Spoony Love said:
I did the same and scalped it for a double this morning when it was at $446. Wish I would have held them. I think you will be happy with that decision today.
Today is going… swimmingly. Is this where all the foolishness finally boils over or will we recover?
my theory is we start to move up at 9:30. going to take a break.
If we lose $440 SPY I think we will see a quick drop. To me that's a psych level that once the market sees bulls can't hold $440, selling will kick in overdrive.
Okay, I guess I'll pick up some TTD in retirement accounts here
Grabbed some next Wed SPY 442Cs when we hit 4422 (Mancini).
Playing the bounce (hopefully).
Playing the bounce (hopefully).
stop loss hunting those puts, tread lightly
markets ripping
markets ripping
Been awhile since I've been around but is everyone still in WWR?
could be RDR here...
If you're happy with your gains right now, maybe scale out and leave 1-2 runners. If this thing goes, those are going to be huge gains. But you can never go wrong with profits.
I'll say again, something Brew just pointed out: Shenanigans!
I'll say again, something Brew just pointed out: Shenanigans!
Watching the 200EMA at about 439.10....ish Hopefully$30,000 Millionaire said:
I think this will be it.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
i am
Most know this on here but for you newer traders this is a quick and dirty OPEX description of current state...From Bloomberg....
"Today's expiry could be important for stocks with large open interest in at-the-money (ATM) options," Goldman strategists including Vishal Vivek wrote in a note. "Market makers' delta-hedging large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others."
This OpEx dynamic is far from new, but it's thought to be growing alongside the boom in options trading. A surge in retail investor participation in the market and rising hedging by institutional pros have spurred an increase in dealer activity.
This dynamic has become so large that some speculate the relationship between stocks and options has been upended, with derivatives now driving the equity market instead of vice versa.
"Today's expiry could be important for stocks with large open interest in at-the-money (ATM) options," Goldman strategists including Vishal Vivek wrote in a note. "Market makers' delta-hedging large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others."
This OpEx dynamic is far from new, but it's thought to be growing alongside the boom in options trading. A surge in retail investor participation in the market and rising hedging by institutional pros have spurred an increase in dealer activity.
This dynamic has become so large that some speculate the relationship between stocks and options has been upended, with derivatives now driving the equity market instead of vice versa.
AG 2000' said:
Grabbed some next Wed SPY 442Cs when we hit 4422 (Mancini).
Playing the bounce (hopefully).
I did too. Have 444p exp next Wednesday and the 442c exp next Wednesday
IWM bounce
This board is riding the WWR train all the way to the station
It's on discount!98PercenterAg said:
This board is riding the WWR train all the way to the station
*throws money into flaming pit*
Anybody watching VIX and thinking it visits 30 today?
I smell buyers.
98PercenterAg said:
This board is riding the WWR train all the way to the station
Sold 444p.
Bought TTD shares then sold covered calls. Will roll those weekly
Seeing call sweeps starting to get talked about. Seeing TICK levels above.... remaining at TICK HOD. VIX rejected 28.5......
Had trailing stop set on this, got stopped out, now SPY up another point. Profit is profit.AG 2000' said:
Grabbed some next Wed SPY 442Cs when we hit 4422 (Mancini).
Playing the bounce (hopefully).
Will buy puts at 4465. Just playing the Mancini range (4465-4422).
Hell of s 5 minute candle on SPY
ES may try at 4465 again.......rejection (if it gets there) here could be really really painful.McInnis 03 said:
Seeing call sweeps starting to get talked about. Seeing TICK levels above.... remaining at TICK HOD. VIX rejected 28.5......
The drop or reversal?
Do I smell a buyers here?
Is this another pump and rug pull. I messed up yesterday and don't want to repeat today.
Is this another pump and rug pull. I messed up yesterday and don't want to repeat today.
McInnis 03 said:ES may try at 4465 again.......rejection (if it gets there) here could be really really painful.McInnis 03 said:
Seeing call sweeps starting to get talked about. Seeing TICK levels above.... remaining at TICK HOD. VIX rejected 28.5......
I posted #ES_F was likely to stop run the overnight lows/200dma & played out - took out the lows, dropped under the 200dma, recovered. Classic fake breakdown
— Adam Mancini (@AdamMancini4) January 21, 2022
This is bottoming shot for bulls & needs to rally here (4465,4480, 4540 targets). Lows fail from here & floor falls out https://t.co/qvfBgB6Snn
are you MFers smiling?