You're welcome. Last note on the array. Each successive strike further away from the first is smaller. If I enter 100 $420 Spy puts, I'll enter 50 $413's and 30 $408's, as example.
— Freedom Costs More Than Being Concerned... (@oldarmy1) August 21, 2022
The lowest one would coincide with a gap when available. If not then a big round # like $400
If you see a bounce back to the 200DMA I can tell you that I'll be entering a major put position. I had 30 of those expiring $426 puts entered Thursday as a probability trade but main trade entered was the 100 Sept $420 puts. With markets breaking $422 closed $426 & 25 of Sept
— Freedom Costs More Than Being Concerned... (@oldarmy1) August 21, 2022
BaylorSpineGuy said:
So we lost 4200 overnight. Is this the big one?
We obviously have the 413 gap and then another a ways out at 380 or so. Do we think we get a bounce in here for one last touch of the 200?
Good luck trading today and let's make $$$ while everyone is crying today!
FJ43 said:
SPY gap down and VIX to 23s. Let's go!
On Friday, 4200-4190 was target in #ES_F: Keybacktest of June's high breakout. Hit overnight, but so far, bulls failed to defend. Bulls not in control again until it recaptures
— Adam Mancini (@AdamMancini4) August 22, 2022
Plan today: Looking to 4160, 4145. Bounce spot before 4100. Bulls must clear 4200 to squeeze to 4225+ https://t.co/ZFY8RmykEJ
sts7049 said:On Friday, 4200-4190 was target in #ES_F: Keybacktest of June's high breakout. Hit overnight, but so far, bulls failed to defend. Bulls not in control again until it recaptures
— Adam Mancini (@AdamMancini4) August 22, 2022
Plan today: Looking to 4160, 4145. Bounce spot before 4100. Bulls must clear 4200 to squeeze to 4225+ https://t.co/ZFY8RmykEJ
Brian Earl Spilner said:
Wow did I choose I bad day to jump back into AMC.
You bought right before their "special dividend". Your purchase is not as bad as it looks. You'll have an equal number of APE shares as you do AMC and it's unclear how much APE should be valued at. It sounds like share holders will be able to vote to covert APE to AMC shares but the conversion rate is unknown. So it's almost like a stock split.Brian Earl Spilner said:
Wow did I choose I bad day to jump back into AMC. (Friday)
Literally couldn't have picked a worse day if I tried.
Don't knock it til you've tried it.sts7049 said:
so...you're doubling down on a bad trade?
Is that a long entry for you?FJ43 said:sts7049 said:On Friday, 4200-4190 was target in #ES_F: Keybacktest of June's high breakout. Hit overnight, but so far, bulls failed to defend. Bulls not in control again until it recaptures
— Adam Mancini (@AdamMancini4) August 22, 2022
Plan today: Looking to 4160, 4145. Bounce spot before 4100. Bulls must clear 4200 to squeeze to 4225+ https://t.co/ZFY8RmykEJ
I approve this message. 4160 please.
sts7049 said:
if i recall he took puts at that level last week.
Yield curve inversion does tend to precede major black swan events pic.twitter.com/GjoozAM2qa
— Simon Ree (@simon_ree) August 22, 2022
Brian Earl Spilner said:
It's a reaction to news for another theater chain, not for anything related to its own financials. Highly likely to bounce back relatively quickly.
Yeah, they discussion in there is that COVID was not the real black swan event and gave governments the opportunity to "print" their way out of it and just defer it to later.Bonfire97 said:
I had a couple of ex-coworkers tell me the other day at lunch that we just had the market bottom and they are "all in" long. I told them "good luck!".
I have been watching this graph for awhile. Zoom it back to 1990. Has never lied. It's pretty nastily inverted this time, too.
10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity (T10Y2Y) | FRED | St. Louis Fed (stlouisfed.org)
closed all but a couple runners. in at .29, out at .77sts7049 said:
i'm buying a few 410Ps in SPY for wednesday expiry
This is what I was trying to tell you.Brian Earl Spilner said:
So I didn't realize I already had my "APE" dividends in my account which more than made up for the drop in AMC stock this morning. So that dip I bought in Pre is just profit at this point. (And looking damn good thus far.)
Both of them already halted twice on the upswing.