Red

It is all gambling, with varying risks and rewards. This option goes in the money at 1090. I think we'll see that today.

I wouldn't bet the farm, of course.

the neckline is around 1102, so probably 1080

1075 close enough I guess

You mean the one pointing at 1075?

H & S ON 15 MINS SPX?

Just because something seems cheap doesn't necessarily mean it is. Buying options this far out of the money a day before OPEX is like betting on black when 33 of the roulette tiles are red, imo.

Everybody here seems to hold the market makers in such contempt, I don't know why they'd be so eager to give them their money.

If you wanted to trade June options, IMO you should be trading ITM. I don't like that play, either, but at least you'd be holding something of value.

They are $0.04 now.

For $0.04, I'd watch a monkey relieve himself. 🙂

OTM options that expire tomorrow are not a good r-r, imo.

To me, it looks like it had been in a falling wedge since last Tuesday, that it just broke out of yesterday. From that, it ought to work up to its old high, but the path will probably meander.

I am in your Camp on this one Diablos 🙂

When you say vix has broken, it looks like its bounced off short term trend line but i see no break??

I play particular attention to the vix % changes during the day to get a feel for intensity one way or another.

Today seems very complacent to me so i add just small positions on shorts.