Monica- your best bet is to get some advice from Anna on longer term directional options plays, (ITM, how far out, risk management, etc.) I am not an options expert, and only put on straight 2X and 3X equity trades as a core position based on change of trend and then pyramid on those positions if/when the tape doesn't prove me wrong, so I can't help you, but I think she's your best bet in this case. G/L and best to you as we all trade this thing together. 😉
Very true, but in my view its all about base hits, singles and doubles, the money in the middle. It would be oh so sweet if this market started working down finally 🙂
Hi Red
your group seems to like what yu wrote
good stuff for sure
At the jaywiz blog, I posted a chart for this week showing what to expect and it is short term oreinted so very good for option traders
Just as I posted, the day started Up, but will give it back by noon to 1pm, but closing higher
Ditto for 26th and 27th, but 27th to 29th is shown to give back even more
the OCT- Nov lows would be the next best support levels
Jay
Hi Red
your group seems to like what yu wrote
good stuff for sure
At the jaywiz blog, I posted a chart for this week showing what to expect and it is short term oreinted so very good for option traders
Just as I posted, the day started Up, but will give it back by noon to 1pm, but closing higher
Ditto for 26th and 27th, but 27th to 29th is shown to give back even more
the OCT- Nov lows would be the next best support levels
Jay
Monica- your best bet is to get some advice from Anna on longer term directional options plays, (ITM, how far out, risk management, etc.) I am not an options expert, and only put on straight 2X and 3X equity trades as a core position based on change of trend and then pyramid on those positions if/when the tape doesn't prove me wrong, so I can't help you, but I think she's your best bet in this case. G/L and best to you as we all trade this thing together. 😉
Well, anything can happen between now and the morning…
Very true, but in my view its all about base hits, singles and doubles, the money in the middle. It would be oh so sweet if this market started working down finally 🙂
Fair value on Dow at 10.15 down about 27.
http://www.cnbc.com/id/17689937/
I have to give Anna credit… she's a master at options trading. I'll let you know what I'm thinking about as we get closer.
And I don't blame you for not trading the long side. It's hard to go long in this environment.
For the the last 10 months that has been true. Now it COULD be the other way around for the bulls.
Pivots, VPOC's, big trendlines, just beautiful.
Last week, you held for a long time, and you took good money off the table, call it a good week. Bears who over stay there welcome get chewed up.