Rip, I always tell folks never ever buy front month options, its like giving your $$ $ to the MMs. never do a straight option with less than 30 days out. or theta will get you everytime.
normally opx is bullish but not a triple witch 🙂
So if you can stand it I think we see 1080 possible 1060 :)(most likely the 1080)
Saw fake print on SPY of 109.05 a short while ago. Also, look at the upper trendline I've drawn on the NYSE Daily Tick. Still haven't broken through and we keep making lower lows and bouncing off the lower trendline I've drawn.
“2:00 pm : A sudden flurry of selling pressure has sent stocks to session lows. There isn't any immediate news item or trading catalyst to account for the sudden change of tone, though.”
I didn't think we filled the gap but maybe I was wrong?
Rip, I always tell folks never ever buy front month options, its like giving your $$ $ to the MMs. never do a straight option with less than 30 days out. or theta will get you everytime.
normally opx is bullish but not a triple witch 🙂
So if you can stand it I think we see 1080 possible 1060 :)(most likely the 1080)
Anna, I have some June puts to get rid of. Do you think 1060 is a good target for the next couple of days? Would you hold any to OEX?
I have the same and 106.08
Links may be wrong. Here you go:
SPY Fake Print – $109.05
http://www.screencast.com/users/illinikap/folde…
NYSE Daily $TICK
http://www.screencast.com/users/illinikap/folde…
Saw fake print on SPY of 109.05 a short while ago. Also, look at the upper trendline I've drawn on the NYSE Daily Tick. Still haven't broken through and we keep making lower lows and bouncing off the lower trendline I've drawn.
http://content.screencast.com/users/illinikap/f…
http://content.screencast.com/users/illinikap/f…
sure Chees!!!
I am looking for at least a retracement to 1180 , hopefully 1060 🙂
From Yahoo news:
“2:00 pm : A sudden flurry of selling pressure has sent stocks to session lows. There isn't any immediate news item or trading catalyst to account for the sudden change of tone, though.”
LOL
thanks for the clarification
so you are looking for a reversal down day today?
As predicted last week. Divergence on the 60's. Gave back most of the gains. So far, so good!
http://www.screencast.com/users/has001u/folders…