IBKR is pretty good for futures. I want to say it will cost you half a point to open and close.
You don’t trade for money, you trade for freedom.
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Last: 25 min ago by Ags2013
OA dropping knowledge...
I'll be trying my hand at this very soon... maybe after we test 4200 tomorrow we push back up, then enter the multi level puts. naked 420's, verticals on the rest might be fun
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
I'll be trying my hand at this very soon... maybe after we test 4200 tomorrow we push back up, then enter the multi level puts. naked 420's, verticals on the rest might be fun
By the way, that's me. Unafraid to ask the stupid questions to OA1 on twitter too.
Yes he mentioned in the convo above he's looking for the next 200 ma touch
Edit… wrong emoji. Why can't we edit emojis!
Yes he mentioned in the convo above he's looking for the next 200 ma touch
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
Edit… wrong emoji. Why can't we edit emojis!
SPY gap down and VIX to 23s. Let's go!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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 $$$ while everyone is crying today!
We obviously have the 413 gap and then another a ways out at 380 or so. Do we think we get a bounce in here for one last touch of the 200?
Good luck trading today and let's make $$$ while everyone is crying today!
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!
Jackson Hole this week should provide for some good trading. Choppy then direction. Until then trade levels and execute.
Let's make a buck….
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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Hedged and ready for dips below 4200.
This is why we got Puts.
This is why we got Puts.
i want to see it lose 4180 before being sure
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
I approve this message. 4160 please.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Wow did I choose I bad day to jump back into AMC. (Friday)
Literally couldn't have picked a worse day if I tried.
Literally couldn't have picked a worse day if I tried.
Brian Earl Spilner said:
Wow did I choose I bad day to jump back into AMC.
Meme plays bro. I won't but a bounce call play scalp from the low here is probably a quick trade.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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.
Check it out. It's a pretty strange move by AMC and I don't quite understand what they're doing.
Yeah that's part of the reason I bought some. Bright side is it was only 30 shares and I was able to average way down this morning with another 30.
so...you're doubling down on a bad trade?
Don't knock it til you've tried it.sts7049 said:
so...you're doubling down on a bad trade?
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.
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.
I am showing that at strong resistance but would watch to see if it bounces or breaks it.
Am I wrong?
if i recall he took puts at that level last week.
It's a target exit on my short. Probably a bounce if gets there but if you go long I'd be ready to scalp it. If bounces a rejection at 4200 I'll go short again.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
sts7049 said:
if i recall he took puts at that level last week.
420s at Fridays close. $1
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Yield curve inversion does tend to precede major black swan events pic.twitter.com/GjoozAM2qa
— Simon Ree (@simon_ree) August 22, 2022
This post and the comments below are really interesting macro discussion.
Bob Knights Paper Hands
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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.
Just remember if the whole market direction goes down, the speculative stocks tend to get hurt the most.
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)
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)
Probably not doing much today, at least at the open. Want to see IB before making decisions.
You don’t trade for money, you trade for freedom.
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
Out 420P. 3.5X trade. Holding VIX calls but will trim on any further move up.
Will sit on hands now and look for reentry.
Will sit on hands now and look for reentry.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
WWR needs to hold here or 1.32ish next
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Oh baby $FSLY showing relative strength today!
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.
Both of them already halted twice on the upswing.
My opinion is you should be positive volatility right now.
I still think this thing needs to heat up a little more for the pull back. I am still un-sure if we will test all the way back to 3900s quiet yet.
I still think this thing needs to heat up a little more for the pull back. I am still un-sure if we will test all the way back to 3900s quiet yet.
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.
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