Wall Street just wringing retail out of their cash on puts. Continue to hold the market up artificially.
Dirty.
Dirty.
I've got 408.40ishTalon2DSO said:
We hit that spy support line yet?
FJ43 said:
Great write up Farmer. Really appreciate it. Will level around that 116 mark.
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?
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.
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 think/hope so but I'm nervous. Holding 408 and 407 putstopher06 said:
Any question this is going to puke into close?
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?
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.