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  • #19,081
  • Nov 8, 2023 1:29pm Nov 8, 2023 1:29pm
Quoting The Fool
SPX needs to print a red candle, after 7 straight green ones, so it can make a run thru the 4,400 call wall.
...barely squeaked out a red doji....we should attack 4,400 manana.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,082
  • Edited 8:15pm Nov 8, 2023 7:03pm | Edited 8:15pm
Quoting The Fool
{quote}...barely squeaked out a red doji....we should attack 4,400 manana. {image}
Hey TF,

The SPY chart looks like it might head south to around the 435.0 level or lower in the next few days. Not a super good chart for direction, but I kinda think it is going to head for that 5-period EMA soon. I know it would be better for me if it tanks with all my PUTs out...
  • #19,083
  • Nov 8, 2023 11:00pm Nov 8, 2023 11:00pm
Quoting moneymaker2
{quote} Hey TF, The SPY chart looks like it might head south to around the 435.0 level or lower in the next few days. Not a super good chart for direction, but I kinda think it is going to head for that 5-period EMA soon. I know it would be better for me if it tanks with all my PUTs out...
...definitely plausible. I am covered this week for a run lower. Lately, we have been seeing stocks sell off on Friday (weekend risk off) and then get bought back on Mondays. Something like 15 straight Mondays @ green daily candles. After 7-8 green candles straight, I know it looks like SPY/SPX will break down. I don't think so, though. I think there'll be a big standoff at 4,400 until next week......if we could see another bull run into bonds like we did late last week, SPX will break north.

Next week we get some inflation data and opex next Friday, could be some more big moves. I think the story this week has been "never short a dull tape"....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,084
  • Nov 9, 2023 8:15am Nov 9, 2023 8:15am
Added to the following:

QCOM Nov17 119 PUT at $0.65, bringing average down to $0.89
  • #19,085
  • Nov 9, 2023 12:05pm Nov 9, 2023 12:05pm
JPow delivers for the bears. Watching the last hour. Also expecting little follow through Friday - could be a slow day @ day b4 Veterans Day. Bond selling off again, though....could be setting up for more carnage next week....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,086
  • Nov 9, 2023 12:54pm Nov 9, 2023 12:54pm
Out of the following:

KBH Nov10 51 PUT at $0.85 up from $0.65

AAP Nov10 57 PUT at $1.10 up from$0.663

Probably a little more downside to these, but price is butting up against the 5EMA and moving in my direction, so I'll take the money and run since the expiration is tomorrow.

Still holding the following:

D Nov17 45 PUT at $0.60

QCOM Nov17 119 PUT at $0.89 avg

DHI Nov17 118 PUT at $0.65

They still have a few days to breathe, so even though they are all in profit, I'm gonna hold on to them at least through tomorow.
  • #19,087
  • Nov 9, 2023 1:06pm Nov 9, 2023 1:06pm
we'll probly see some bear follow-thru overnight and into tomorrow, but I bet it won't be big. Expecting kind of a slack day Friday. I'll be closing the SPX/XSP combos for small profit or small loss. My 4500 call calendar was just about 100pts too far right, that dying worthless will be a sucking sound....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,088
  • Nov 9, 2023 4:09pm Nov 9, 2023 4:09pm
I will be looking at the following in the morning:

DIS Nov17 88/89 PUT

TDW Nov17 60/65 CALL

VEEV Nov17 170/175 CALL

Those are about the only ones worth looking at, and of these, DIS is probably the most cost effective. But premarket moves happen, so all of these may be out of play by the open.
  • #19,089
  • Nov 10, 2023 7:25am Nov 10, 2023 7:25am
In the following:

VEEV Nov17 170 CALL at $1.10

Too bad Disney moved premarket, that would have been a good play. But this should make some okay money by next week.
  • #19,090
  • Nov 10, 2023 7:38am Nov 10, 2023 7:38am
Quoting moneymaker2
In the following: VEEV Nov17 170 CALL at $1.10 Too bad Disney moved premarket, that would have been a good play. But this should make some okay money by next week.
Out of the following:

VEEV Nov17 170 CALL at $1.60 up from $1.10

I set my order just so I can look at some more stuff and got an alert it was hit, but I sure didn't expect it to get hit that quickly. Small profit, but a profit none the less. Maybe I'll be able to get in it again, I have a Hail Mary Bid in for $1.10 again.....
  • #19,091
  • Nov 10, 2023 7:43am Nov 10, 2023 7:43am
Changed the Bid on VEEV to $1.20...chart looks really good so I want to try to get into it again.
  • #19,092
  • Nov 10, 2023 7:58am Nov 10, 2023 7:58am
Quoting moneymaker2
Changed the Bid on VEEV to $1.20...chart looks really good so I want to try to get into it again.
In the following:

VEEV Nov17 170 CALL at $1.25

A little more than I wanted to spend, but should be good for some money.
  • #19,093
  • Nov 10, 2023 9:03am Nov 10, 2023 9:03am
Added to the following:

VEEV Nov17 170 CALL at $0.85, lowering the average to $1.05
  • #19,094
  • Nov 10, 2023 9:35am Nov 10, 2023 9:35am
A punch thru 4,400 will break me even on the week. This Santa rally wants to get some traction for a few solid green week, idk....if rates become well behaved, I could see it.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19,095
  • Nov 10, 2023 10:01am Nov 10, 2023 10:01am
In the following:

QCOM Nov17 122 PUT at $0.775
  • #19,096
  • Nov 10, 2023 10:10am Nov 10, 2023 10:10am
Open positions:

D Nov17 45 PUT at $0.60

QCOM Nov17 119 PUT at $0.89 avg

QCOM Nov17 122 PUT at $0.775

DHI Nov17 118 PUT at $0.65

VEEV Nov17 $1.70 CALL at $1.05 avg

Have another Bid out for VEEV for $0.85 again.....
  • #19,097
  • Nov 10, 2023 10:19am Nov 10, 2023 10:19am
Quoting The Fool
A punch thru 4,400 will break me even on the week. This Santa rally wants to get some traction for a few solid green week, idk....if rates become well behaved, I could see it.
Not sure if you'll get that today, but the weekly SPY chart look promising coming up.
  • #19,098
  • Nov 10, 2023 12:14pm Nov 10, 2023 12:14pm
Bid in for the following:

CHK Nov17 80 CALL at $0.35...may go to $0.40 before close.
  • #19,099
  • Nov 10, 2023 12:24pm Nov 10, 2023 12:24pm
Quoting moneymaker2
Bid in for the following: CHK Nov17 80 CALL at $0.35...may go to $0.40 before close.
In the following:

CHK Nov17 80 CALL at $0.375 avg
  • #19,100
  • Nov 10, 2023 12:25pm Nov 10, 2023 12:25pm
Quoting The Fool
A punch thru 4,400 will break me even on the week. This Santa rally wants to get some traction for a few solid green week, idk....if rates become well behaved, I could see it.
Good news for you, looks like it's gonna be a break-even week.
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