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04/12/2021 Live Update

04/12/2021 Live Update

Postby Cobra » Mon Apr 12, 2021 8:38 am

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Still the same: Bears simply keep trying, there'll be a time they're finally lucky.

Flat open, likely just a range day.
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Re: 04/12/2021 Live Update

Postby JFR » Mon Apr 12, 2021 9:21 am

SPY 15. Aside from some chop, relatively quiet.


2021-04-12_06-19-58.png
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Re: 04/12/2021 Live Update

Postby JFR » Mon Apr 12, 2021 9:25 am

ES daily. Forming a base. At the top. Well above the EMA 20.


2021-04-12_06-24-35.png
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Re: 04/12/2021 Live Update

Postby JFR » Mon Apr 12, 2021 9:42 am

ES Small gap down. Filled.
Last edited by JFR on Mon Apr 12, 2021 9:54 am, edited 1 time in total.
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Re: 04/12/2021 Live Update

Postby BullBear52x » Mon Apr 12, 2021 9:43 am

sell day, find excuse to sell. :twisted:
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Re: 04/12/2021 Live Update

Postby ccash04 » Mon Apr 12, 2021 9:46 am

Do people know that market is open today? This is like premarket volume on SPY, watch out for quick moving moves.
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Re: 04/12/2021 Live Update

Postby Al_Dente » Mon Apr 12, 2021 9:46 am

Aggressive put buying right out of the gate
412puts.png.jpg
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Re: 04/12/2021 Live Update

Postby JFR » Mon Apr 12, 2021 9:49 am

IWM 5 min. Dropping like a stone.


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Re: 04/12/2021 Live Update

Postby Trades w 2 Cats » Mon Apr 12, 2021 9:56 am

ccash04 wrote:Do people know that market is open today? This is like premarket volume on SPY, watch out for quick moving moves.
Carnac.jpg
Carnac.jpg (15.91 KiB) Viewed 1704 times



:D
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Re: 04/12/2021 Live Update

Postby JFR » Mon Apr 12, 2021 9:59 am

DIS is getting beat up today.

Back later ...


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Re: 04/12/2021 Live Update

Postby Cobra » Mon Apr 12, 2021 10:09 am


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Re: 04/12/2021 Live Update

Postby Al_Dente » Mon Apr 12, 2021 10:16 am

“CEO Summit on Semiconductor and Supply Chain Resilience”
WH today
As of midday Friday, 19 major companies had agreed to send executives.
Reuters reported earlier the summit is expected to include General Motors Chief Executive Mary Barra and Ford Motor Chief Executive Jim Farley.
Also taking part are AT&T, Samsung, Alphabet, Dell Technologies, Intel Corp, Medtronic, Northrop Grumman, HP Cummins and Micron.
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Re: 04/12/2021 Live Update

Postby Cobra » Mon Apr 12, 2021 11:09 am

Higher low or slightly lower low then reverse up? Anyway, I think probably the low was in or very close. It's a range day.
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Re: 04/12/2021 Live Update

Postby Al_Dente » Mon Apr 12, 2021 11:31 am

If that was a little inverse H&S, and if I drew the neckline properly
the target is a HOD

412hod.png.jpg
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Re: 04/12/2021 Live Update

Postby ccash04 » Mon Apr 12, 2021 11:40 am

Not really sure what is holding market up here, just not real selling? So grind up or just ping around the rest of today?
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Re: 04/12/2021 Live Update

Postby Al_Dente » Mon Apr 12, 2021 11:43 am

Al_Dente wrote:Aggressive put buying right out of the gate
412puts.png.jpg

Note: what I called “put buying” this morning,
zh calls shorting puts,
and spotgamma says there are more puts “sold to open” than “bought to open” in index options.
"as SpotGamma points out, the OCC data we sent out last night shows that there is a very large short put position on in index options."
https://cms.zerohedge.com/s3/files/inli ... k=uhzigZAp
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Re: 04/12/2021 Live Update

Postby ccash04 » Mon Apr 12, 2021 11:47 am

Al_Dente wrote:
Al_Dente wrote:Aggressive put buying right out of the gate
412puts.png.jpg

Note: what I called “put buying” this morning,
zh calls shorting puts,
and spotgamma says there are more puts “sold to open” than “bought to open” in index options.
"as SpotGamma points out, the OCC data we sent out last night shows that there is a very large short put position on in index options."
https://cms.zerohedge.com/s3/files/inli ... k=uhzigZAp


In order to really juice returns, one would turn around and buy calls with all the juicy premium collected on those put sales.
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Re: 04/12/2021 Live Update

Postby Al_Dente » Mon Apr 12, 2021 12:02 pm

ccash04 wrote:
Al_Dente wrote:
Al_Dente wrote:Aggressive put buying right out of the gate...

Note: what I called “put buying” this morning,
zh calls shorting puts,
and spotgamma says there are more puts “sold to open” than “bought to open” in index options.
"as SpotGamma points out, the OCC data we sent out last night shows that there is a very large short put position on in index options."
https://cms.zerohedge.com/s3/files/inli ... k=uhzigZAp


In order to really juice returns, one would turn around and buy calls with all the juicy premium collected on those put sales.

""buy calls with all the juicy premium""
Boss: what symbol do you use for buying calls on index options?
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Re: 04/12/2021 Live Update

Postby Trades w 2 Cats » Mon Apr 12, 2021 12:10 pm

As I think I understand it (and you know I will have it figured out when it no longer makes any difference) lots of call buying with small volatility (Vix) means more liquidity in the market as the dealers are buying in a concentrated area (remember their required 10 percent hedge) so we should be reading about options gamma pining. Of course opposite when it is puts as they must short the underlying. Either way low volatility means they cannot shift risk to the VIX derivatives.

Something else I don't fully understand (ask my wife what I don't know :lol: :lol: ) is the big move up in Tesla for earnings release. Since it is such a big part of the index it has to have an effect and who knows what arbitrage games the smart boys are playing with this.
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Re: 04/12/2021 Live Update

Postby Cobra » Mon Apr 12, 2021 12:19 pm


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