FTAG 2000 said:
Everyone trying to get their taxes done.
nah, we have until tomorrow!
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nah, we have until tomorrow!
FTAG 2000
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Everyone trying to get their extensions submitted.FTAG 2000 said:
Everyone trying to get theirtaxes done.
This chop in spy is killing my premium for my puts that I've been holding.
Chop City today but it keeps knocking on 412.
It doesn't appear that the chop range today is random.
Look at the fib/MT levels from Friday's move. We kept hitting resistance at the .382, then .50 served as resistance with .618 serving as support. Look for more chop around here.
Look at the fib/MT levels from Friday's move. We kept hitting resistance at the .382, then .50 served as resistance with .618 serving as support. Look for more chop around here.
my return was only 91 pages this year 
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
my return was only 91 pages this year
Life of a trading junkie
MARA threw a big red hanging man on Friday on decent volume. Didn't get much attention but has traded down some today, still within long tail from Friday. Reversal here possible as many tech/crypto/equity trend lines are slamming into resistance.
not sure that's something to be proud of$30,000 Millionaire said:
my return was only 91 pages this year
TSLA with earning this week and sitting right on all the trend lines….. squeeze?
Just logged into my account for the first time since Friday close, and apparently I now own 800 more shares of XOM unexpectedly. I had expiring $116 calls, but I didn't exercise them. Haven't called broker yet but jeez, and about half of it was bought on margin. How the hell does that happen?
Boy Named Sue said:
Just logged into my account for the first time since Friday close, and apparently I now own 800 more shares of XOM unexpectedly. I had expiring $116 calls, but I didn't exercise them. Haven't called broker yet but jeez, and about half of it was bought on margin. How the hell does that happen?
If they're in the money at expiration, they're going to get exercised.
Ask me how I know
Yah XOM closed at exactly 116.00 on Friday.
Assuming this is true, why were those calls exercised?
This is my question. I assume it's a setting when you buy. But I always thought an "option" had to be exercised. In the legal world, it does or it expires.topher06 said:
Assuming this is true, why were those calls exercised?
I guess I can sell 8 contracts of Friday $117+ calls now and either collect premium or make a little cash
I know they would automatically exercise if you were well in the money, but I'm surprised they auto exercise at exactly breakeven.
I really really really hate this market the last couple of weeks.
Probably just a premium burn week.
why?Golf1 said:
I really really really hate this market the last couple of weeks.
I guess I should rephrase that… I really hate myself for getting into puts over the last couple of weeks.
I own and sold outs multiple times for profit the past week. Just today for $1200 on SPX. Don't beat yourself up.Golf1 said:
I guess I should rephrase that… I really hate myself for getting into puts over the last couple of weeks.
Golf1 said:
I guess I should rephrase that… I really hate myself for getting into puts over the last couple of weeks.
A short position below 418.31 and even 415.09 is fine as long as strike not too far OTM and too close to expiration.
I opened shorts on Fri for 405P 3wks out. Fireworks tomorrow or Wednesday. China stirring waters anyway. Literally.
Speaking of XOM, on the 1-minute it looks like it might be headed for a breakout one direction or another
What sets off these spikes or plummets with 5-10 minutes to go in each session? Just traders holding their cards until that time?
selling and buying imbalances and institutional orders that are set to happen at EOD.topher06 said:
What sets off these spikes or plummets with 5-10 minutes to go in each session? Just traders holding their cards until that time?
You don’t trade for money, you trade for freedom.
Market crash on 4/28 confirmed.
Oh wait, nevermind. That's the day of my scheduled vasectomy. End of times upon us.
Oh wait, nevermind. That's the day of my scheduled vasectomy. End of times upon us.
txaggieacct85 said:not sure that's something to be proud of$30,000 Millionaire said:
my return was only 91 pages this year
If you day trade, I don't see how this is avoidable.
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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AG
Golf1 said:
I guess I should rephrase that… I really hate myself for getting into puts over the last couple of weeks.
The only pattern that looks any good to me right now is the ascending channel going back a month+, if you worked at it you could find h&s forming at several points over the last couple weeks but they keep falling apart. That channel keeps holding.
I am probably completely wrong but i have started thinking of patterns like poker hands. H&s is your flush or full house, big win if it hits but low probability of hitting it. Basic s&r levels are your pairs, the channels are like 2pr or 3 of a kind...high probability, chip stacking hands. Pennants/flags are higher probability but the flop could send it either way...
I like how the uber chart looks. Might need to consolidate more before it moves, but I think it will move.
You don’t trade for money, you trade for freedom.
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BaylorSpineGuy said:
Market crash on 4/28 confirmed.
Oh wait, nevermind. That's the day of my scheduled vasectomy. End of times upon us.
Now that's fiduciary responsibility!
also like the look of META. Just be mindful of tech earnings.
You don’t trade for money, you trade for freedom.
Just basing. Playing in a box.Boy Named Sue said:
Speaking of XOM, on the 1-minute it looks like it might be headed for a breakout one direction or another
BaylorSpineGuy said:
Market crash on 4/28 confirmed.
Oh wait, nevermind. That's the day of my scheduled vasectomy. End of times upon us.
OPEX week gents.
Trade wisely!
Trade wisely!
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