Wall Street just wringing retail out of their cash on puts. Continue to hold the market up artificially.
Dirty.
Dirty.
Stock Markets
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Last: 5 hrs ago by Heineken-Ashi
We hit that spy support line yet?
I've got 408.40ishTalon2DSO said:
We hit that spy support line yet?
Watch 410.50ish if we get there to confirm or reject.
FJ43 said:
Great write up Farmer. Really appreciate it. Will level around that 116 mark.
Farmer…..
Bought June 125s when we went below your 116 level.
I'm up 3%. Does that count?
Guess that was a pretty clear rejection.
Forgot I had spy calls with a 4/24 expiration. $82,000 buy on margin this morning was fun.
Farmer @ Johnsongrass, TX
Joined:
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Posts:
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Yep!FJ43 said:FJ43 said:
Great write up Farmer. Really appreciate it. Will level around that 116 mark.
Farmer…..
Bought June 125s when we went below your 116 level.
I'm up 3%. Does that count?
- API numbers out today. I'm expecting another big draw from the big 3. Bullish
- EIA numbers out to morrow, same as above. Bullish
- XOM ER on Fri before the bell. I'm going with a "beat". (I have changed my stance from a month ago) Bullish
- Here's the "killa"...OPEC cuts start in May 2023. No SPR backstop for Jotato to flood the market with.
- U.S. Energy envoy went to Saudi last week (I believe, or 2 Friday's ago) ZERO press releases since. I'm certain they want Saudi to produce more and not cut. Saudi controls the oil price today, not Jotato. Bullish
- U.S. Driving Season starts May
Stars are aligned with your play.
Hit 408.84FJ43 said:$30,000 Millionaire said:
I want to try a long bit just feel so low probability
At about 408.76ish I could see a bounce there. Close anyway.
This is the do or die level.
You don’t trade for money, you trade for freedom.
where is the bid?!?!
You don’t trade for money, you trade for freedom.
Time to go short?
From here? Watch for fake breakdown.
You don’t trade for money, you trade for freedom.
That 408.50 is the 21 ema on the daily chart so that should continue to put up a fight. I could see late buyers today with the big 3 after hours.
I was just thinking 408.57-ish might be key
No problem taking that down. This might get ugly.
Score
I got stuck holding 407 puts for the past 10 days that expired today so I sold for a decent loss when they were in the .25 range and now I would be up if I kept holding them.
Even with these sharp moves intraday, SPY remains relatively tight over the recent period.
Back in February when we started down to 392 then eventually 380, the 5 crossed the 12, traded under a few days then turned sharply down. Point is, the 5 is about to cross the 12 again. Something to watch out for in the short term.
Back in February when we started down to 392 then eventually 380, the 5 crossed the 12, traded under a few days then turned sharply down. Point is, the 5 is about to cross the 12 again. Something to watch out for in the short term.
Recently I've cycled between following the advice to get out of a bad trade early when it would've been profitable to hold, and overreacting by trusting my gut and sticking with it only to lose it all. So, instead of the desired small winners/small losers/big winners ratio, I've gotten the small losers/big losers/big winners ratio.Golf1 said:
I got stuck holding 407 puts for the past 10 days that expired today so I sold for a decent loss when they were in the .25 range and now I would be up if I kept holding them.
I need to get to the point where I don't rely on big winners so much.
needs over 4110 to consider longs.
You don’t trade for money, you trade for freedom.
Doesn't appear the market has much "up" in it today.
Trimmed next round of May VIX calls for 55%. Holding half now.
I love this day
Any question this is going to puke into close?
I think/hope so but I'm nervous. Holding 408 and 407 putstopher06 said:
Any question this is going to puke into close?
25% left
thanks FJ !
thanks FJ !
When do they expire?Boy Named Sue said:I think/hope so but I'm nervous. Holding 408 and 407 putstopher06 said:
Any question this is going to puke into close?
today
Farmer @ Johnsongrass, TX said:Yep!FJ43 said:FJ43 said:
Great write up Farmer. Really appreciate it. Will level around that 116 mark.
Farmer…..
Bought June 125s when we went below your 116 level.
I'm up 3%. Does that count?
- API numbers out today. I'm expecting another big draw from the big 3. Bullish
- EIA numbers out to morrow, same as above. Bullish
- XOM ER on Fri before the bell. I'm going with a "beat". (I have changed my stance from a month ago) Bullish
- Here's the "killa"...OPEC cuts start in May 2023. No SPR backstop for Jotato to flood the market with.
- U.S. Energy envoy went to Saudi last week (I believe, or 2 Friday's ago) ZERO press releases since. I'm certain they want Saudi to produce more and not cut. Saudi controls the oil price today, not Jotato. Bullish
- U.S. Driving Season starts May
Stars are aligned with your play.
I'm ready! Appreciate the level and diligence.
13% now. Diamond hands.
The big tech stocks must be expected to report dog**** earnings.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
The effort to suppress fossil fuels is so futile. Let me be crystal clear, it's Administration driven. NY Fed has tried to drive WTI into the ground and it's just not working.
FJ, give it hell, it's your only chance on earth.
FJ, give it hell, it's your only chance on earth.
Little sign of life from the bulls with 406.60 being a double bottom. Let's see if it holds into power hour…
It 406 goes then I expect we see gap gill at 401, which we may as well go hit 396.5 gap as well
it's a risk off day, plain and simple.
You don’t trade for money, you trade for freedom.
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