Were these SPX puts loaded up on at 3700?
Stock Markets
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Last: 3 hrs ago by Swollen Thumb
Think it will rebound on the next inflation print, at least until Powell opens his mouth again. Can't see how inflation accelerates with the recent energy crash.
Big green volume coming in here. I closed my last put that I left since Friday. Closed around 361.90 area.
Hard to be active trader this week but will follow as I can. If this things gets back to 3750-3850 range, will short again. Still don't think the last selling leg is done here.
Hard to be active trader this week but will follow as I can. If this things gets back to 3750-3850 range, will short again. Still don't think the last selling leg is done here.
I can see how it keeps going. I was watching KBTX last night and they were talking about all the infrastructure funding about to hit BCS. 25M here, 15M there, etc. That's happening all over the US. That one trillion dollars is going to re-heat everything back up again. Biden is so dumb.Quote:
Think it will rebound on the next inflation print, at least until Powell opens his mouth again. Can't see how inflation accelerates with the recent energy crash.
Bonfire97 said:I can see how it keeps going. I was watching KBTX last night and they were talking about all the infrastructure funding about to hit BCS. 25M here, 15M there, etc. That's happening all over the US. That one trillion dollars is going to re-heat everything back up again. Biden is so dumb.Quote:
Think it will rebound on the next inflation print, at least until Powell opens his mouth again. Can't see how inflation accelerates with the recent energy crash.
Never underestimate Congress and their desire to spend our way through inflation.
Bob Knights Paper Hands
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If we close above 3656 and 275 on SPX and QQQ we will have had a RDR on the macros. Normally that might make me a little bullish, but we did the same on Sept 14, May 10, and April 13, and none of those successfully signalled a reversal.
For those looking for capitulation, we have seen volume starting to pick up, so we might be nearing exhaustion selling.
For those looking for capitulation, we have seen volume starting to pick up, so we might be nearing exhaustion selling.
if we keep testing SPY 362, eventually it will give, but bulls are fighting here, volume picking up
At some point the people with cash on the sideline will start averaging in. We are oversold, even if you think it might go down a bit more and don't want to dive back in all the way yet.BREwmaster said:
if we keep testing SPY 362, eventually it will give, but bulls are fighting here, volume picking up
Out for a few days. Nice whip action to sell some stuff early. Fell back below puts so bought back 50%.
— Freedom Costs More Than Being Concerned... (@oldarmy1) September 27, 2022
This only ends one way. One major final flush.
Until then… Conroe! pic.twitter.com/WcgNnN7f0e
Sticking to the recent script perfectly. Brief run up at open, tank market to around lunch, flat for a few hours, rapid increase in price, tank market in last 5 minutes.
Are any banks gonna full on puke? CS and DB charts look dog crap.
I remember 30K telling us that he went obnoxiously long on C when it crapped in 2008. Are any of the banks gonna be treated with the same mercy this time around? Is it gonna get to that degree? CS is at $4 and DB is under $8. Their charts look like dog Shiite and their red volume is wild this week.
I remember 30K telling us that he went obnoxiously long on C when it crapped in 2008. Are any of the banks gonna be treated with the same mercy this time around? Is it gonna get to that degree? CS is at $4 and DB is under $8. Their charts look like dog Shiite and their red volume is wild this week.
BaylorSpineGuy said:
Are any banks gonna full on puke? CS and DB charts look dog crap.
I remember 30K telling us that he went obnoxiously long on C when it crapped in 2008. Are any of the banks gonna be treated with the same mercy this time around? Is it gonna get to that degree? CS is at $4 and DB is under $8. Their charts look like dog Shiite and their red volume is wild this week.
I don't think so this time. The 2008 financial crisis was in banks, they lost 70-80% of their value. Some have never recovered.
I think this go round it's high beta growth that are getting the ass beating.
You may be right. Thanks for insight. No doubt the zombie companies are gonna get slayed.
Just curious though if some banks are over leveraged in housing which is turning over now. Who gets spared if things start getting ugly? XLF looks awful right now.
Just curious though if some banks are over leveraged in housing which is turning over now. Who gets spared if things start getting ugly? XLF looks awful right now.
Dividend paying stocks that aren't over valued are the safest places to invest right now. Everything else is dog shat.
VZ, PG, KO, XOM etc.
VZ, PG, KO, XOM etc.
Central banking digital currencies (CBDCs) and social credit systems explained. Show this to anyone who still thinks this is a conspiracy theory. It’s time to take the blinkers off before it is too late. #CBDCs
— James Melville (@JamesMelville) September 27, 2022
pic.twitter.com/KT2Yubr4FK
It's bad now,but there is a huge difference between what you consider digital currency today and CBDCs pic.twitter.com/uVt78qiO9N
— __hodl__running #btc (@__hodl__) September 27, 2022
The digital dollar is nothing more than a way to control everyone.
Show off$30,000 Millionaire said:
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Bought Nov puts on todays flash into 34. They were up over 10% quick but I will hold. We could very well get another spike to the moon and I will probably add.FJ43 said:
Possible trade. I'll be taking this one at some point.
VIX puts on a push over 32. Out to Oct monthly or even November. For me 27-30p.
Trade only. I'm a redneck so don't follow me.
Oh…I don't think the bottom is in yet but could also be very wrong.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
What do you think guys? Time to short the dollar?
Energy has been down some. But the entire world needs energy and there is a supply shortage. I have not bought back into energy but I will very soon.topher06 said:
Think it will rebound on the next inflation print, at least until Powell opens his mouth again. Can't see how inflation accelerates with the recent energy crash.
The energy companies pay a good dividend and I don't think energy stocks will bottom out so I do not see much downside. And with winter coming on the Nat. Gas stocks should do very well. And the problems in Europe can do nothing but drive energy stocks higher.
Futures up again, thinking that tomorrow is going to be a repeat of today.
Bob Knights Paper Hands
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Maybe without the early green run.
The Dollar is at the upper band of the well-defined channel in which it’s been ascending the past 12 months. We’re thinking a check back to at least the middle of the channel (and quite possibly to the lower band of the channel) is likely. $DXYhttps://t.co/RRxJAeLcgO pic.twitter.com/op7Io8NJQV
— Carter Braxton Worth (@CarterBWorth) September 27, 2022
CNBCs top TA guy is predicting a USD reversal AND also a market crash to pre-covid highs. I don't see how both can happen.
FWIW if VIX opens/gets to around 30 or just above tomorrow I will take my 50% and my toys and go home for the day.FJ43 said:Bought Nov puts on todays flash into 34. They were up over 10% quick but I will hold. We could very well get another spike to the moon and I will probably add.FJ43 said:
Possible trade. I'll be taking this one at some point.
VIX puts on a push over 32. Out to Oct monthly or even November. For me 27-30p.
Trade only. I'm a redneck so don't follow me.
Oh…I don't think the bottom is in yet but could also be very wrong.
I'll look to buy back should we spike on any flush.
I trust nothing.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
The DJIA has large gap from 2 years ago around 28,000. I doubted it'd ever fill it but I'd bet money it does now.BlueTaze said:The Dollar is at the upper band of the well-defined channel in which it’s been ascending the past 12 months. We’re thinking a check back to at least the middle of the channel (and quite possibly to the lower band of the channel) is likely. $DXYhttps://t.co/RRxJAeLcgO pic.twitter.com/op7Io8NJQV
— Carter Braxton Worth (@CarterBWorth) September 27, 2022
CNBCs top TA guy is predicting a USD reversal AND also a market crash to pre-covid highs. I don't see how both can happen.
The only sure play right now is whatever Nancy is buying.
Someone finds out let us know.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
SAVA spiking hard really late tonight AH and I can't find any news.
ETA: I can't remember a stock moving like this so late in the night.
ETA: I can't remember a stock moving like this so late in the night.
Ripped off BIIB news.ProgN said:
SAVA spiking hard really late tonight AH and I can't find any news.
Biogen Announced Lecanemab Confirmatory Phase 3 Clarity Ad Study Met Primary Endpoint, Showing Highly Statistically Significant Reduction of Clinical Decline in Large Global Clinical Study of 1,795 Participants With Early Alzheimer's Disease
This is how.BlueTaze said:The Dollar is at the upper band of the well-defined channel in which it’s been ascending the past 12 months. We’re thinking a check back to at least the middle of the channel (and quite possibly to the lower band of the channel) is likely. $DXYhttps://t.co/RRxJAeLcgO pic.twitter.com/op7Io8NJQV
— Carter Braxton Worth (@CarterBWorth) September 27, 2022
CNBCs top TA guy is predicting a USD reversal AND also a market crash to pre-covid highs. I don't see how both can happen.
US FUTURES TRADING NEW DAY'S LOW AFTER BLOOMBERG'S REPORT ON APPLE, CO. NOT TO INCREASE PRODUCTION AFTER DEMAND FAILED
Seems too obvious.
What do you usually play when longing/shorting the dollar? UUP as you posted? Shares? Options?
What do you usually play when longing/shorting the dollar? UUP as you posted? Shares? Options?
SAVA would be down on positive BIIB news, not up 6 at 8pm. I suspect it's something else and tomorrow might be very interesting.lobwedgephil said:Ripped off BIIB news.ProgN said:
SAVA spiking hard really late tonight AH and I can't find any news.
Biogen Announced Lecanemab Confirmatory Phase 3 Clarity Ad Study Met Primary Endpoint, Showing Highly Statistically Significant Reduction of Clinical Decline in Large Global Clinical Study of 1,795 Participants With Early Alzheimer's Disease
Look like the general is about to fall... this may be what drives a rally to form soon.
APPLE DITCHES IPHONE PRODUCTION INCREASE AFTER DEMAND FALTERS $AAPL
— FXHedge (@Fxhedgers) September 28, 2022
Bob Knights Paper Hands
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I'm hearing the same reason for SAVA spiking https://www.reuters.com/business/healthcare-pharmaceuticals/eisai-biogen-alzheimers-drug-success-follows-many-failures-2022-09-27/
The thought is that here was so much negative press in general about treatment of Alzheimer's that any positive phase 3 results proves that benefits can be had. SAVA had much more success in not only slowing decline, but even restoring cognitive ability during phase 2. Consider what a positive phase 3 results would give for SAVA and I think some of the shorts may have started closing out.
The thought is that here was so much negative press in general about treatment of Alzheimer's that any positive phase 3 results proves that benefits can be had. SAVA had much more success in not only slowing decline, but even restoring cognitive ability during phase 2. Consider what a positive phase 3 results would give for SAVA and I think some of the shorts may have started closing out.
Thank you, then I retract my previous statement lobwedge.Bob Knights Liver said:
I'm hearing the same reason for SAVA spiking https://www.reuters.com/business/healthcare-pharmaceuticals/eisai-biogen-alzheimers-drug-success-follows-many-failures-2022-09-27/
The thought is that here was so much negative press in general about treatment of Alzheimer's that any positive phase 3 results proves that benefits can be had. SAVA had much more success in not only slowing decline, but even restoring cognitive ability during phase 2. Consider what a positive phase 3 results would give for SAVA and I think some of the shorts may have started closing out.
I would love for AAPL to somehow get a bounce tomorrow morning at open and get some puts. I don't think I'll be that lucky though. I would assume this gets SPY down in the mid to upper 350s tomorrow.
I put an order in for UUP Jan23 $30 puts at .70ea
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