SPY BEAR CALL SPREAD NOV 460/480 VERTICAL
I shorted on Friday in the November contracts trading $15 OTM for a net credit 4.40. Decent premium for sky high contracts.
Target at 50 DMA ~438; expect further bounce from support before the real correction, IMHO; all corrections so far were preceded by double tops.
I sold 62 spreads, can add or just hold. I don't recommend this for the faint of heart. Calls should melt on triple witching Friday 20 Aug;
note periodicity on the bullish waves up, we due for one now; each bear move has lasted only 3-5 days before bouncing. GLTA!
Target at 50 DMA ~438; expect further bounce from support before the real correction, IMHO; all corrections so far were preceded by double tops.
I sold 62 spreads, can add or just hold. I don't recommend this for the faint of heart. Calls should melt on triple witching Friday 20 Aug;
note periodicity on the bullish waves up, we due for one now; each bear move has lasted only 3-5 days before bouncing. GLTA!
交易進行:
Closed position on weakness intraday; re-entered ten contracts in late trade. Could get more bullish before it breaks, play safe, be defensive.
交易進行:
Closed again on the surprise gap down. More econonews, likely to bounce as futurz gapped and traders need to cover those shorts.
交易進行:
Traded calls intrraday 6x, 4/6 trades profitable. Scalping. Wait for the gap to fill before shorting again IMO
評論:
Gone into all cash holding onto gains can rally here or sink more, pure gamble. Indices nearing or at oversold.
評論:
Technical bounce likely before deeper selloff IMO. Risk-off!
評論:
Got to close that gap IMO. Don't get caught short!
評論:
More scalping EOD in SPY calls. Closed all. Might rally, might not.
交易進行:
Re-enrty in the Oct 455/470 VCS for $3.13 Credit, ten spreads
交易進行:
Entered a bear put spread and then closed it and Closed these as well, might spike pump EOD
評論:
Yep looks like a pump incoming, short covering. Sell the rally!
評論:
I closed it all who knows if they bounce it, probly gap down but idk, take the money and run!
評論:
VERY tempting to chase this bear move but 4400 has been support; price stopped right there spot on; might firm up here. Pure crapshoot, wait, see. In cash.
Also notice we got an impulsive EW from M-Th; this looks like a fifth wave; if so, next move = up.
Friday is Triple Witching. Day trades only now!
Also notice we got an impulsive EW from M-Th; this looks like a fifth wave; if so, next move = up.
Friday is Triple Witching. Day trades only now!
交易進行:
Re-entering spread in Nov 367 calls, long the 382s for a $15 spread which trades $15 OTM on 09/02/21. Net credit $3.01, ten spreads. Let's see...
交易進行:
Back in this see recent posts, shorted Nov 457 spread vs 372 calls, net credit $4.20 on 20 spreads
