I bought puts yesterday anticipating 105 by opex. But I thought it would have been a stretch and a bit too chancey 107 is more like it. I still feel by march opex it should hit 105. If it hits 107 I'll dump the puts wait for the bounce and then buy puts again.
I doubt this “crash” is going to last. These two doses of bad news will be factored in. i would guess in the first hour of the European open the S&P finds a bottom and starts to rally. On the other hand, I am probably the worst trader East of the Mississippi.
In my Ameritrade account, on the 10 minute chart. There is a fake print to 107.38 spy. It will go there first before a bounce. If you've been reading for awhile, you know how accurate those are.
As Sundancer stated, it's the way the operators tell people where they are going to take it. Don't know if it will go there tomorrow, as that's a bit of a stretch… but it will go there.
I bought puts yesterday anticipating 105 by opex. But I thought it would have been a stretch and a bit too chancey 107 is more like it. I still feel by march opex it should hit 105. If it hits 107 I'll dump the puts wait for the bounce and then buy puts again.
Love you blog keep it up
I doubt this “crash” is going to last. These two doses of bad news will be factored in. i would guess in the first hour of the European open the S&P finds a bottom and starts to rally.
On the other hand, I am probably the worst trader East of the Mississippi.
Congrats to both of us then dread… Let's hope they take it there tomorrow! Sweet… I'm saved by the bell!
In my Ameritrade account, on the 10 minute chart. There is a fake print to 107.38 spy. It will go there first before a bounce. If you've been reading for awhile, you know how accurate those are.
As Sundancer stated, it's the way the operators tell people where they are going to take it. Don't know if it will go there tomorrow, as that's a bit of a stretch… but it will go there.
I think what will happen overnight is “sell first, ask questions later”. And hopefully tomorrow, too.
I made an impulsive “must short BIDU” trade before the close. Bought a small number of 490 puts that expire tomorrow. Should be interesting!
gap down tomorrow
were did you see that?
I don't know what tomorrow will bring… but the bulls are going to be sore, that's for sure!
yipeeeeeeeeee! (I hope)
Sundancer… where are you? What do you make of this? And the fake print… is that where it's going tomorrow? 107.38?
Holy Crap! Just when you least expect it! By the way, there is a fake print at 107.38 spy!