went net free, leaving one runner to see if we push higher tomorrowBrokeAssAggie said:move stop to $1.25BrokeAssAggie said:
SPY is about to run... added 5/30 $456 $1 entry
went net free, leaving one runner to see if we push higher tomorrowBrokeAssAggie said:move stop to $1.25BrokeAssAggie said:
SPY is about to run... added 5/30 $456 $1 entry
BREwmaster said:that's 17.5k per person, man woman or child.FTAG 2000 said:
Biden getting ready to talk about his ridiculous 5.8 trillion budget ask for next year.
Wow.
that's Mr. Bonker.Spoony Love said:
Bears just slapped at 455.25. What a wreck
amazing and great work.BREwmaster said:
cheers to your XSP brother... tried one today for the first time, should cash settle and be gravy. Also played a couple SPY calls at the same time. Sold 1/2 SPY when I made enough on it to cover cost of XSP + SPY, was net free at that point. But held 1 SPY call, sold after close (my first time doing that) now just waiting to see XSP cash settle.
Pretty sure they're my first 10 baggers ever. At net free, I decided F it, I'm holding into close!
tomorrow I'm sure won't be so easy!
These types of statements are ridiculous. X stock reached this level so the next level may be in play.... NO *****Spoony Love said:
So for two weeks of trading, SPY has turned in one red day and it was a small pull back which likely could be considered a chop day. Any meetings or news releases that can light the bears on fire? Or was 3/14 the reversal day for this second quarter?
It seems we are tracking seasonality putting us past a pull back in March with a rip in beginning of April. Mancini seems to be on with his levels, ES reached 4565, and now he is saying 4595-4640 maybe in play? That would seem to track with seasonality increase until mid-April.
A completed cup on SPY from Jan 3 would put it near 480. After watching today, that may not be out of the question soon. I'm positioned on the other side of this move in AAPL puts for what I am hoping is a bear reaction tomorrow to scalp early but it may be off to the races tomorrow. What are your thoughts?
I think this is what concerns me the most about this market. I feel like we are being drawn in to a false sense of the bolded statement. All the negative economic factors are still there. Inflation is extremely high, rates going up, supply line disruption, etc. I just can't make sense why we have seen this market move up so steadily lately.SF2004 said:These types of statements are ridiculous. X stock reached this level so the next level may be in play.... NO *****Spoony Love said:
So for two weeks of trading, SPY has turned in one red day and it was a small pull back which likely could be considered a chop day. Any meetings or news releases that can light the bears on fire? Or was 3/14 the reversal day for this second quarter?
It seems we are tracking seasonality putting us past a pull back in March with a rip in beginning of April. Mancini seems to be on with his levels, ES reached 4565, and now he is saying 4595-4640 maybe in play? That would seem to track with seasonality increase until mid-April.
A completed cup on SPY from Jan 3 would put it near 480. After watching today, that may not be out of the question soon. I'm positioned on the other side of this move in AAPL puts for what I am hoping is a bear reaction tomorrow to scalp early but it may be off to the races tomorrow. What are your thoughts?
This market is nothing but a clown show pump by the market makers.
Best plays right now are to go long on volatility in my opinion. Then when it spikes I would go short on volatility.
I have done ok so far but just laughing at the last 10 days. Literally back to STONKS ONLY GO UP!
McInnis 03 said:
Euro options are the best. You just let them sit there, and then all of a sudden cash appears in your account.
bhanacik said:McInnis 03 said:
Euro options are the best. You just let them sit there, and then all of a sudden cash appears in your account.
So with XSP, you don't have to close out the position on an expiring day? They just settle up based on closing price of the option?
ProgN said:
Great call out on those Friday brother. I pictured you like this when it hit $110 today.
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Spoony Love said:I think this is what concerns me the most about this market. I feel like we are being drawn in to a false sense of the bolded statement. All the negative economic factors are still there. Inflation is extremely high, rates going up, supply line disruption, etc. I just can't make sense why we have seen this market move up so steadily lately.SF2004 said:These types of statements are ridiculous. X stock reached this level so the next level may be in play.... NO *****Spoony Love said:
So for two weeks of trading, SPY has turned in one red day and it was a small pull back which likely could be considered a chop day. Any meetings or news releases that can light the bears on fire? Or was 3/14 the reversal day for this second quarter?
It seems we are tracking seasonality putting us past a pull back in March with a rip in beginning of April. Mancini seems to be on with his levels, ES reached 4565, and now he is saying 4595-4640 maybe in play? That would seem to track with seasonality increase until mid-April.
A completed cup on SPY from Jan 3 would put it near 480. After watching today, that may not be out of the question soon. I'm positioned on the other side of this move in AAPL puts for what I am hoping is a bear reaction tomorrow to scalp early but it may be off to the races tomorrow. What are your thoughts?
This market is nothing but a clown show pump by the market makers.
Best plays right now are to go long on volatility in my opinion. Then when it spikes I would go short on volatility.
I have done ok so far but just laughing at the last 10 days. Literally back to STONKS ONLY GO UP!
Just my 2 worthless cents.bullitt said:
New amateur disclaimer.
BAC is right around 20DEMA with outer bands looking to trend upward. Banks should increase holdings with rates increasing correct? Would mid April calls be advisable in this scenario?
Just trying to learn!
TIA
bingo, see first post above "Get your long term hedges in place..."Bonfire1996 said:FJ43 said:Bonfire1996 said:
Get your long term hedges In place. I've heard rumblings of a 10% inflation report coming sometime in the next two months, and with the FED going ape shlt on the dot plot with two 0.50% raises likely in May and July, this whole economy is about to have its gears stripped into reverse.
The bloodbath in November was already coming. Now add near certain recession to the forecast and I cannot imagine what our country is about to look like.
What would you see as good long term hedges? I'm always looking to try and hone to a higher level that aspect of my trading.
Lotto puts on tech that isn't profitable and built its capital structure with debt.
Sin stocks, but I wouldn't even go there.
Lotto puts on production home builders trading at 15x multiples or greater.
Morgan Stanley is going to rake. 1. Volatility 2. Margin debt that floats the interest rates higher
Citibank because they dropped salaries in firing unvaxxed and they have floating rate credit card debt.
Ford: selling every vehicle they make and Ford credit about to get juiced by rates
But most of all, Cash as a position is about to get a 2-5% return. Then Buy GOOGL on the recession dip, the best balance sheet in the world, who has just scratched the surface on how to make money on TV and cloud.
BREwmaster said:
Bonfire1996 (I think it is), had a great post on this end of last week...and I think he's a pro or at the very least a very good trader: It was so great I saved it to a word doc for myself, I'll repost his reply to FJ on how to play this impending dump too...
boom found it, see post below this one
Bonfire1996 said:
Get your long term hedges In place. I've heard rumblings of a 10% inflation report coming sometime in the next two months, and with the FED going ape shlt on the dot plot with two 0.50% raises likely in May and July, this whole economy is about to have its gears stripped into reverse.
The bloodbath in November was already coming. Now add near certain recession to the forecast and I cannot imagine what our country is about to look like.
FJ43 said:Just my 2 worthless cents.bullitt said:
New amateur disclaimer.
BAC is right around 20DEMA with outer bands looking to trend upward. Banks should increase holdings with rates increasing correct? Would mid April calls be advisable in this scenario?
Just trying to learn!
TIA
I've played this several times over the past few weeks. In and out. I'm flat on his now. But it's not a bad setup. I think this decides soon. If I was playing it be the 44 or 45c for 4/14. 3 weeks you'll know.