The Intraday US Stock Market Discussion Board
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)let's see how market closes today.EvilTrader wrote:Im inclined to believe the TOP was already seen for this week.
Under what condition would you say top is in?Cobra wrote:let's see how market closes today.EvilTrader wrote:Im inclined to believe the TOP was already seen for this week.
I'm with you that Weekly Options stress me the most too, but they're hard to resist. Great for day trades but holding overnight could mean losing a lot of sleep if the Futures move against you! LOL. The last night I'd consider holding a weekly overnight is Monday night...after that and the time decay will likely burn you. Only once did I have the guts to hold a weekly into Friday because I was on the right side of the trade and I was amazed how much the time decay took away! Now I always watch the Theta...AK84 wrote:Depends on a lot of different factors and "feelings" I guess. I normally try not to hold my positions for more than 7-10 days (time decay can kill u ! ) and usually buy at calls/puts at least 2 months out if its a swing position. Day trade is different and I use weeklies sometimes but honestly its very stressful and I have a another job (one that requires me to sit at a desk for 10 hours a day.....i consider that my second jobpidge66 wrote:How do you normally hedge? ITM or OTM calls? And how far out? Thanks!!AK84 wrote:Option ideas over the next few days:
1. Short CMG
2. Short PCLN
3. Short GOOG
4. Short NFLX
5. Short ANF
6. Short IBM
7. Short BIDU
8. Short WYNN
Use AAPL calls as a hedge (and yes I know its not performed well for the last 2 days but its been a useful hedge in the past) and anything else u deem fit .
GLTA!)
I usually ITM options (at least 2-3 strikes below current or entry price) . I start off buy naked calls/puts with protective hedges such as aapl , or stronger stocks that I like (changes EVERYDAY!!) and if i make money and want to hold overnight I either strangle or spread the position to protect profits.
If i had sep puts on any positions I had today I would have gotten v vv pissed with the action of the last 2 days because of the chop and vol! but my positions have respected me ....so far!!
sorry if im not very clear but hope i could help in some way possible!
i believe target has been reached. do we see continuation or have we hit the intraday bottom?Cobra wrote:let's see how market closes today.EvilTrader wrote:Im inclined to believe the TOP was already seen for this week.
Didn't you see I didn't disagree with EvilTrader? There're always some chances especially if we close Open > Close today, with VIX double reversal bars, with NYMO and T2122 at record high, what else can I expect? I have to say a top of some kind was in or very close.q2model wrote:Under what condition would you say top is in?Cobra wrote:let's see how market closes today.EvilTrader wrote:Im inclined to believe the TOP was already seen for this week.
SOHU, ANR, MLM, MCKjanez wrote:I shorted heavy mid day. Now wonder whether to cover some or all.
I think at least for the short term it is. There is still a chance we can back test 1180-1200 area and then go up all the way to 1250-1300 area.EvilTrader wrote:Im inclined to believe the TOP was already seen for this week.
SOHU, ANR, MLM, MCKjanez wrote:I shorted heavy mid day. Now wonder whether to cover some or all.
as did i. shorted with 40 puts on SPY at about 122.90.janez wrote:I shorted heavy mid day. Now wonder whether to cover some or all.
Cobra wrote:Didn't you see I didn't disagree with EvilTrader? There're always some chances especially if we close Open > Close today, with VIX double reversal bars, with NYMO and T2122 at record high, what else can I expect? I have to say a top of some kind was in or very close.q2model wrote:Under what condition would you say top is in?Cobra wrote:let's see how market closes today.EvilTrader wrote:Im inclined to believe the TOP was already seen for this week.
Good idea. Thanksjarbo456 wrote:as did i. shorted with 40 puts on SPY at about 122.90.janez wrote:I shorted heavy mid day. Now wonder whether to cover some or all.
think i will cover half on the next rebound signal, which looks close.
Cobra wrote:Didn't you see I didn't disagree with EvilTrader? There're always some chances especially if we close Open > Close today, with VIX double reversal bars, with NYMO and T2122 at record high, what else can I expect? I have to say a top of some kind was in or very close.q2model wrote:Under what condition would you say top is in?Cobra wrote:let's see how market closes today.EvilTrader wrote:Im inclined to believe the TOP was already seen for this week.