Still holding. I want to see SPY break below 449 soon. It gets to 450 I'm out
$30,000 Millionaire said:
Big candle here, are you excited? I'm not.
NVDA put flowDan Scott said:
SPY rejected 21 EMA. And NVDA sucking at life.
Engine10 said:Touchless said:With VLO up against resistance over the last two years, if it keeps going up, I can see them pushing through it and moving pretty quick. This is the 3 year weekly.BrokeAssAggie said:
WTI over $92. We will be back in the 100s before summer.
Don't forget $VLO has the lead domestically on RD productions, huge margin lever for them especially now with cracks starting to open up. Have a ton of CAPEX focused here too for Port Arthur expansion, and the recent Louisiana expansion just came online last Q. Room to run here IMO.
Trying a few $60c lottos in case they decide to drop some new news to try and follow up the petition being thrown out. Hero or zero!Bob Knights Liver said:
If SAVA is gonna go today, it needs some volume to come in. This looks a lot like 11/03 did to me. zzzz...
$30,000 Millionaire said:
50K account
Buy one XSP 450P for 1.55
Stop 0.8. Goal is to let cash settle.
Dan Scott said:
Today has been the epitome of taking singles. Been scalping the crap out of SPY between 449 and 450
Please explain this one to me, if you don't mind. XSP is a Mini-SPX and by buying the put you are going short SPX. If the put closes ITM today you are paid cash based on the closing price yesterday and the dollars ITM. Is that correct?$30,000 Millionaire said:
50K account
Buy one XSP 450P for 1.55
Stop 0.8. Goal is to let cash settle.
McInnis 03 said:Honestly, if i were to do it I'd pin it somewhere close to what it's at now, so either 30 or 31.Charismatic Megafauna said:McInnis 03 said:LoL, no, it's balsy if you're putting hay down. I'm talking about a $.50 fly or something.ProgN said:That's balsy with a potential buyout from AMZN or NKE. PTON could **** the bed on earnings and not drop.McInnis 03 said:
Pton earnings tomorrow.
This could be an inverted SNAP situation. Gigantic rumored runup today........may be worth a play (if you find value) to the downside.....but small small small small small.
Yo mcfly, did you decide to do this, and can you hold my hand and help me set me up my first fly?
Let's say I think it ends this week close to $30....
I'd buy the $28c for this Friday, sell 2 of the $30c for this Friday, and buy the $32c for Friday and I'd look to pay less than $.30 for each butterfly. This would net a max of $2 by closing at $30.00 on Friday close for 9x or so return....but if it gets anywhere close to 3x-4x between now and then I'd start dumping.
are these studies somewhere?AG 2000' said:Dan Scott said:
Today has been the epitome of taking singles. Been scalping the crap out of SPY between 449 and 450
If you put woodies pivots and Mancini's levels on a chart and buy/sell calls and puts as the price approaches the levels, you can get hits.
Woodies pivots is in TOS, not sure on other platforms.Ragoo said:are these studies somewhere?AG 2000' said:Dan Scott said:
Today has been the epitome of taking singles. Been scalping the crap out of SPY between 449 and 450
If you put woodies pivots and Mancini's levels on a chart and buy/sell calls and puts as the price approaches the levels, you can get hits.
Doubt it. 352 is my number on the QQQ for a tankDan Scott said:
Market is going to tank today. Too much pressure, eventually it will give. There is no leadership
Sure feels heavy. So cue the press release that Bullard was off his rocker yesterday.Dan Scott said:
Market is going to tank today. Too much pressure, eventually it will give. There is no leadership
Trim and trail. If the market decides to rip faces later you'll wish you had.Charismatic Megafauna said:McInnis 03 said:Honestly, if i were to do it I'd pin it somewhere close to what it's at now, so either 30 or 31.Charismatic Megafauna said:McInnis 03 said:LoL, no, it's balsy if you're putting hay down. I'm talking about a $.50 fly or something.ProgN said:That's balsy with a potential buyout from AMZN or NKE. PTON could **** the bed on earnings and not drop.McInnis 03 said:
Pton earnings tomorrow.
This could be an inverted SNAP situation. Gigantic rumored runup today........may be worth a play (if you find value) to the downside.....but small small small small small.
Yo mcfly, did you decide to do this, and can you hold my hand and help me set me up my first fly?
Let's say I think it ends this week close to $30....
I'd buy the $28c for this Friday, sell 2 of the $30c for this Friday, and buy the $32c for Friday and I'd look to pay less than $.30 for each butterfly. This would net a max of $2 by closing at $30.00 on Friday close for 9x or so return....but if it gets anywhere close to 3x-4x between now and then I'd start dumping.
Cometopapa.gif
By the way, if you do this, set trailing stops once you enter. Things move fast and you don't have to baby sit.AG 2000' said:Dan Scott said:
Today has been the epitome of taking singles. Been scalping the crap out of SPY between 449 and 450
If you put woodies pivots and Mancini's levels on a chart and buy/sell calls and puts as the price approaches the levels, you can get hits.
Do this with futures and your life will never be the same. Options are such a crap shoot with the THETA and Vol pops.AG 2000' said:By the way, if you do this, set trailing stops once you enter. Things move fast and you don't have to baby sit.AG 2000' said:Dan Scott said:
Today has been the epitome of taking singles. Been scalping the crap out of SPY between 449 and 450
If you put woodies pivots and Mancini's levels on a chart and buy/sell calls and puts as the price approaches the levels, you can get hits.
Yep. There's probably other ways but it works for me.McInnis 03 said:Do this with futures and your life will never be the same. Options are such a crap shoot with the THETA and Vol pops.AG 2000' said:By the way, if you do this, set trailing stops once you enter. Things move fast and you don't have to baby sit.AG 2000' said:Dan Scott said:
Today has been the epitome of taking singles. Been scalping the crap out of SPY between 449 and 450
If you put woodies pivots and Mancini's levels on a chart and buy/sell calls and puts as the price approaches the levels, you can get hits.
Of course I say this and my life is the same but that's because Mc3 is terrible at this.