A lotta time till the morning. But after 6.5% move from Thursdays lows you’d expect a downside Retracement. $spx $qqq pic.twitter.com/ZJAVoyx7MJ
— Scott Redler (@RedDogT3) February 27, 2022
mazag08 said:
This.
Expect a 50-61% retracement of Fridays high from last weeks low.
$30,000 Millionaire said:
Premium is a little better on calls at current pricing. I'll figure it out tomorrow.
BrokeAssAggie said:
New Mexico?
Irish 2.0 said:
I'm done for the weekend. Added some 3/4 SPY 420P at 1.65 that I'll carry over the weekend.
Y'all have a good one
Bob Knights Liver said:Irish 2.0 said:
I'm done for the weekend. Added some 3/4 SPY 420P at 1.65 that I'll carry over the weekend.
Y'all have a good one
These are going to pay! I wish I'd added more than 3 of them or that they were SPX puts.
gougler08 said:Bob Knights Liver said:Irish 2.0 said:
I'm done for the weekend. Added some 3/4 SPY 420P at 1.65 that I'll carry over the weekend.
Y'all have a good one
These are going to pay! I wish I'd added more than 3 of them or that they were SPX puts.
Has anyone confirmed that Irish is alive after cook off?
likewise! I'm in QQQ puts, but only a coupleBob Knights Liver said:Irish 2.0 said:
I'm done for the weekend. Added some 3/4 SPY 420P at 1.65 that I'll carry over the weekend.
Y'all have a good one
These are going to pay! I wish I'd added more than 3 of them or that they were SPX puts.
like a bossFJ43 said:
Interesting …..What a stud @elonmusk pic.twitter.com/xEHnM6b3Q9
— Adam Carolla (@adamcarolla) February 27, 2022
Bob Knights Liver said:$30,000 Millionaire said:
Premium is a little better on calls at current pricing. I'll figure it out tomorrow.
Thanks. Also with the CC is the strategy to then turn around and buy the call back during the spike downward and then hold the share or sell back on a bounce? Or he both in hopes the CC expires?
DavysApprentice said:Bob Knights Liver said:$30,000 Millionaire said:
Premium is a little better on calls at current pricing. I'll figure it out tomorrow.
Thanks. Also with the CC is the strategy to then turn around and buy the call back during the spike downward and then hold the share or sell back on a bounce? Or he both in hopes the CC expires?
I can't speak for 30k but I love buying back covered calls on a downturn especially if it happens right after I sell them. If it's near expiration then I may just let it expire but anytime you can get a quick win I am a fan of just taking it. You can always sell the call again when the tape is moving your way
FJ43 said:mazag08 said:
This.
Expect a 50-61% retracement of Fridays high from last weeks low.
Rough Fib levels.
Most important words in bolded text, right after the number levels. Major market changes are always closing basis, not intraday-market penetrations. Key point to never ever forget.Quote:
Mark it, by the end of March , we hit 3900 to 3800, provided we close below 4260 on a closing basis for a day.
$30,000 Millionaire said:
Just my two cents but I think FJ had it right. In your scale I think 382 or 500 retrace.
Jet Black said:
Tank tomorrow and rocket on Tuesday.
if Friday's buying was low volume plus short squeeze, those aren't real buyers. That tells me 4380 is a weak level, strong resistance. But maybe we get a cease fire deal and that would push us back up.Jet Black said:
Tank tomorrow and rocket on Tuesday.
As long as he has been in power and his KGB background, I bet the security around him is pretty impressive.McInnis 03 said:
The absolute and utter destruction of the Russian economy tomorrow is going to be something out of great depression days.
Nobody wins in this nonsense. How on earth the higher ups don't coup Putin is beyond me.
You mean the next couple days or through March?$30,000 Millionaire said:
Semantics. I don't think this goes deeper than 50% area.
I think you're arguing levels. I actually agree with you on 50%. I'm just arguing on how it's drawn. And if we were in agreement on any other level than 50%, then drawing it correctly matters.$30,000 Millionaire said:
Semantics. I don't think this goes deeper than 50% area.
