no comment, still see more volume, so hard to call here.
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1. Either a pullback tomorrow ( health one to SPY 128.2 - to make right shoulder in inverted HS pattern )
2. If we break below 128.2 or this area... then I think we see below 127 very shortly....
So tomorrow is critical - if bears cant take us further down than 128.2 - bulls win , if not .. bears in full control still.
well, guess that's it for today. i'm not convinced that the low was in but i'm open to any possibilities after all we're trading what we see not we believe. thank you guys, i'll see you tomorrow.
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Cobra - been here for about a month. Very good dialogue by you and the fellow traders here. Enjoy it very much. I am more of a biotech junkie, but like to see how the markets are behaving on a technical pattern. Thx for the work!
Sold July 127 SPY puts at 1.79 for 6.5% in 30 mins
6.5%???? whoa, that's a good gain!!!
That's options, but there is an ugly side to options....that is, when you are losing or your timing is slightly off lol
I did a similar trade as you around the same time, using June 129 put instead, close around the same time too, make around 20%. Of course very small position just to play.
kaiboliu wrote:
6.5%???? whoa, that's a good gain!!!
That's options, but there is an ugly side to options....that is, when you are losing or your timing is slightly off lol
I did a similar trade as you around the same time, using June 129 put instead, close around the same time too, make around 20%. Of course very small position just to play.
nice job...though buying june puts this close to expiration is quite dangerous LOL