RDR on the SPY's
Stock Markets
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Last: 2 hrs ago by flashplayer
Told you. Shoulda said that 30 min agoMcInnis 03 said:
There's really no buyers to stop this sell.
(That should fix things)
What do we have here?
Looks like someone cleaned out the couch cushions and just wants a quick YOLO.
BTFD! just another red thursday.Irish 2.0 said:
Oh no!! We're at levels in the QQQ not seen since....checks notes...Monday morning.
I ****ing hate this market right now
I added a couple VIX puts too.
qqq had the nice run up yesterday and all those buyers woke up to a rug pull. That is not going to help the confidence of buyers going long in this environment. Tough marketMcInnis 03 said:
There's really no buyers to stop this sell.
(That should fix things)
Yep great call, love this.$30,000 Millionaire said:
OK, last thing I'm going to do on the 50K account:
buying two 22.5 VXX put for tomorrow at $0.65. Stop loss $0.4
Where's the VIX whisperer, BKL? (Bob Knight's Liver)
Irish's Warning:
ABSOLUTELY DO NOT BUY THE GAP UP FIRST THING IN THE MORNING!! BE PATIENT! LET THE MARKET CHOOSE A DIRECTION!
ABSOLUTELY DO NOT BUY THE GAP UP FIRST THING IN THE MORNING!! BE PATIENT! LET THE MARKET CHOOSE A DIRECTION!
Give up 343 on the QQQ and we'll revisit ~338.
NGL this flush set up is kinda turning me on. Although I was hoping it would wait till mid March or so for me to have some more cash after annual bonus is paid.
We're due a panic 20% SPX selloff to 3850-4000 or so. Would prefer to just get it over with sooner than later.
We're due a panic 20% SPX selloff to 3850-4000 or so. Would prefer to just get it over with sooner than later.
Our 12% 401k match kicks in EOM, doing me a favor!
bears are saying hell naw!
If you think that's what's happening then buy the gap up now then dump in the morning.
Spoony Love said:
If you think that's what's happening then buy the gap up now then dump in the morning.
No. I've seen this market enough lately and know better than that. It is just very common that it gaps up after bad days and then fades. Not going to chance it though
This market is stupid right now. It's been stupid.
Agree, a lot of people would be updside down at that level and bail. There has been very little volume below that to offer support. Weekly candle is third straight lower high and third week of lower lows. Third week trending down.Irish 2.0 said:
Give up 343 on the QQQ and we'll revisit ~338.
I am going to short SPY here and I am going to hold through the close. Stop at 439.
BOOM MF'ers$30,000 Millionaire said:
I am going to short SPY here and I am going to hold through the close. Stop at 439.
$3.5B TO SELL
— JE$US (@WallStJesus) February 17, 2022
Capitulation into the monthly OPEX. Good times!
One thing I've noticed is they've had extreme difficulty selling NVDA past this morning's low while the market has gotten sold. Something to keep an eye on maybe.
what has been the one day largest drop in the last several years?
looks like we are getting close!!
Down -600
NSDQ -300
looks like we are getting close!!
Down -600
NSDQ -300
AMZN at a big spot for tomorrow. Watching below 3090 for tomorrow, if it doesn't gap below.
We had much worse days Feb/Mar 2020.LMCane said:
what has been the one day largest drop in the last several years?
looks like we are getting close!!
Down -600
NSDQ -300
50K update:
Net net, flattish week. I'll take it all things considered.
- SPY trade, stopped out for about -50%. It made sense when we temp bottomed at 4420. Obviously the bottom fell out. Small risk, we'll survive
- APA is doing OK. I will make the keep decision tomorrow or Monday
- DKNG above water, will sell covered calls again on this after we buy back the current call tomorrow
- KO finally above water. Hoping we get momentum from here
- SHOP stopped for - $400.
- MTTR ridiculous move, but I'm good keeping this. I don't think this can / should go much lower
- PLTR we are at risk of being assigned, also good to keep and sell calls again
- NEM kicking butt - we probably get called next week, but that's a good problem to have
Net net, flattish week. I'll take it all things considered.
ROKU getting slaughtered
nasdaq tick wasn't even that low today for the size of drop we had. It was just a consistent orderly sell off.
Was really hoping I'd found the bottom on PLTR earlier today, oh well. At the 52W Low now, isn't it?
sell program.Txducker said:
nasdaq tick wasn't even that low today for the size of drop we had. It was just a consistent orderly sell off.
I forgot VXX puts. If we puke tomorrow, these are a loss, obviously.$30,000 Millionaire said:
50K update:
- SPY trade, stopped out for about -50%. It made sense when we temp bottomed at 4420. Obviously the bottom fell out. Small risk, we'll survive
- APA is doing OK. I will make the keep decision tomorrow or Monday
- DKNG above water, will sell covered calls again on this after we buy back the current call tomorrow
- KO finally above water. Hoping we get momentum from here
- SHOP stopped for - $400.
- MTTR ridiculous move, but I'm good keeping this. I don't think this can / should go much lower
- PLTR we are at risk of being assigned, also good to keep and sell calls again
- NEM kicking butt - we probably get called next week, but that's a good problem to have
Net net, flattish week. I'll take it all things considered.
If we have more calm, they'll be fine and probably pay.
I am wondering if all the open interest for expiration tomorrow on qqq puts is going to bring the closing price tomorrow to above 350 so that all these puts expire worthless. It looks 2:1 on put open interest to calls, 350P with largest OI and vol. I bought a lotto 2/18 350C (pure gamble). That would also be mean reversion play back to the daily 5 ema.
Heres some good news, TTD 150k share buy into the close
EPS beat but Revenue miss, not sure that's a horrible thing but what do I knowProgN said:
ROKU getting slaughtered
BN Story
Stock investors, on guard for turmoil with everything from geopolitics to Federal Reserve hawkishness strafing their nerves, are bracing for a chaotic end to the week with $2.2 trillion of option expirations set to hit the market Friday.
The monthly event involves $545 billion of derivatives across single stocks scheduled to expire, Goldman Sachs Group Inc. estimates. About $985 billion of S&P 500-linked contracts and $165 billion in options tied to the world's largest exchange-traded fund, the SPDR S&P 500 ETF Trust (ticker SPY), will run out, according to the firm's strategist Rocky Fishman.
Stock investors, on guard for turmoil with everything from geopolitics to Federal Reserve hawkishness strafing their nerves, are bracing for a chaotic end to the week with $2.2 trillion of option expirations set to hit the market Friday.
The monthly event involves $545 billion of derivatives across single stocks scheduled to expire, Goldman Sachs Group Inc. estimates. About $985 billion of S&P 500-linked contracts and $165 billion in options tied to the world's largest exchange-traded fund, the SPDR S&P 500 ETF Trust (ticker SPY), will run out, according to the firm's strategist Rocky Fishman.
Honestly it wasn't going to matter what they reported in this market right now. NVDA more than delivered and was kicked in the junk today.gougler08 said:EPS beat but Revenue miss, not sure that's a horrible thing but what do I knowProgN said:
ROKU getting slaughtered
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