All this DOOOOM... I am buying VIX Calls tomorrow, bigly... | |
TankDaBank
User ID: 78303941 United States 01/05/2020 11:39 PM Report Abusive Post Report Copyright Violation | Logged in now... as TBD... Quoting: TankDaBank I still think SDOW out of the money options are going up before expiration. VIX calls are too fast for me personally. I have a few hundred out of the money calls for SDOW, but think VIX might have been the better vehicle. Yet I didn't know the Iran BS was gonna throw a monkey wrench in my plan... TDB Calls? or Puts? Sorry Man. Calls all the way. I can't see DOW 30K this month, but i've been wrong a 1000 times. Interesting, that may be a good 2nd trade if things go my way early enough tomorrow. Thanks for the tip! . I've double'd down on these calls currently @43... it worked very well a year ago. Now it's a nail biter. It wasn't meant to be a tip... hope we both make some denaro tomorrow tho! Best of Luck/Expertise! TankDaBank |
TankDaBank
User ID: 78303941 United States 01/05/2020 11:44 PM Report Abusive Post Report Copyright Violation | Anyone else? Quoting: WyatteSmith Seriously, thinks feel like the tempest in the teapot lately. DOOOOOOOOOOOOOOOOM :money: You're too late. The market knows before you do. The time to do it was last Thursday at the close. This market has one more high to go (at least) then it will topple over. Wait for the S&P500 to hit ~3267 and go with out of the money SPY puts -- at least 3 months out. The S&P will lose ~1000 points, the DOW 8-10K points, then afterward another parabolic move up. **Maybe** the S&P drops to 3189 or 3155 before turning back up, but I doubt we see a major crash here. It needs a new high first. Going 3 mos long term doom huh? Tail must wag the dog. TankDaBank |
Anonymous Coward (OP) User ID: 76903646 United States 01/05/2020 11:44 PM Report Abusive Post Report Copyright Violation | Sorry Man. Calls all the way. I can't see DOW 30K this month, but i've been wrong a 1000 times. Interesting, that may be a good 2nd trade if things go my way early enough tomorrow. Thanks for the tip! . I've double'd down on these calls currently @43... it worked very well a year ago. Now it's a nail biter. It wasn't meant to be a tip... hope we both make some denaro tomorrow tho! Best of Luck/Expertise! You too, win lose or draw, I will post my progress tomorrow. . |
Anonymous Coward User ID: 35063545 United States 01/05/2020 11:48 PM Report Abusive Post Report Copyright Violation | |
TankDaBank
User ID: 78303941 United States 01/05/2020 11:49 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 76903646 United States 01/05/2020 11:56 PM Report Abusive Post Report Copyright Violation | Anyone else? Quoting: WyatteSmith Seriously, thinks feel like the tempest in the teapot lately. DOOOOOOOOOOOOOOOOM :money: You're too late. The market knows before you do. The time to do it was last Thursday at the close. This market has one more high to go (at least) then it will topple over. Wait for the S&P500 to hit ~3267 and go with out of the money SPY puts -- at least 3 months out. The S&P will lose ~1000 points, the DOW 8-10K points, then afterward another parabolic move up. **Maybe** the S&P drops to 3189 or 3155 before turning back up, but I doubt we see a major crash here. It needs a new high first. Now you know why the Senate was "OUTRAGED" they were not notified on the air strike on Salami. Can you imagine if you had that 'Insider" info? Did you know the Senate can LEGALLY insider trade?????? Did you know they are the ONLY branch that can do so???? HUH??? Fucking BASTARDS!!!! . OK, back to the thread :) |
ShitWeasel
User ID: 30598589 United States 01/06/2020 12:01 AM Report Abusive Post Report Copyright Violation | Anyone else? Quoting: WyatteSmith Seriously, thinks feel like the tempest in the teapot lately. DOOOOOOOOOOOOOOOOM :money: You're too late. The market knows before you do. The time to do it was last Thursday at the close. This market has one more high to go (at least) then it will topple over. Wait for the S&P500 to hit ~3267 and go with out of the money SPY puts -- at least 3 months out. The S&P will lose ~1000 points, the DOW 8-10K points, then afterward another parabolic move up. **Maybe** the S&P drops to 3189 or 3155 before turning back up, but I doubt we see a major crash here. It needs a new high first. Going 3 mos long term doom huh? Tail must wag the dog. Options deteriorate quickly in the last 30 days. Buy that far out (but out of the money) so you don't lose much in premium while waiting for a sharp move. You also want to be able to stay in the trade once it is working in your favor. What if the market topped on Jan 10 or Jan 12 and bottomed on Feb 24? That gives you enough time to scale out of the trade early and leave the rest sitting there on house money until you see it turn up again. |
TankDaBank
User ID: 78303941 United States 01/06/2020 12:06 AM Report Abusive Post Report Copyright Violation | Anyone else? Quoting: WyatteSmith Seriously, thinks feel like the tempest in the teapot lately. DOOOOOOOOOOOOOOOOM :money: You're too late. The market knows before you do. The time to do it was last Thursday at the close. This market has one more high to go (at least) then it will topple over. Wait for the S&P500 to hit ~3267 and go with out of the money SPY puts -- at least 3 months out. The S&P will lose ~1000 points, the DOW 8-10K points, then afterward another parabolic move up. **Maybe** the S&P drops to 3189 or 3155 before turning back up, but I doubt we see a major crash here. It needs a new high first. Going 3 mos long term doom huh? Tail must wag the dog. Options deteriorate quickly in the last 30 days. Buy that far out (but out of the money) so you don't lose much in premium while waiting for a sharp move. You also want to be able to stay in the trade once it is working in your favor. What if the market topped on Jan 10 or Jan 12 and bottomed on Feb 24? That gives you enough time to scale out of the trade early and leave the rest sitting there on house money until you see it turn up again. Thank you. That is a very reasonable point! TankDaBank |
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ShitWeasel
User ID: 30598589 United States 01/08/2020 05:22 PM Report Abusive Post Report Copyright Violation | I told yaw'll after it dropped the first time... This market needed a new high. Got it today (after a nice dip last night). But... It looks like it needs to dip again and do another high before finally rolling over. Looking for a final top prolly Friday or early next week. If you can't daytrade it, do what I said earlier -- wait for a high and buy SPY puts at least 3 mos out and look for a sharp drop well before they expire. Markets top in violence, bottom in silence. |
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ShitWeasel
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ShitWeasel
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Anonymous Coward User ID: 78515627 United States 03/02/2020 11:13 PM Report Abusive Post Report Copyright Violation | Anyone else? Quoting: WyatteSmith Seriously, thinks feel like the tempest in the teapot lately. DOOOOOOOOOOOOOOOOM :money: You're too late. The market knows before you do. The time to do it was last Thursday at the close. This market has one more high to go (at least) then it will topple over. Wait for the S&P500 to hit ~3267 and go with out of the money SPY puts -- at least 3 months out. The S&P will lose ~1000 points, the DOW 8-10K points, then afterward another parabolic move up. **Maybe** the S&P drops to 3189 or 3155 before turning back up, but I doubt we see a major crash here. It needs a new high first. Going 3 mos long term doom huh? Tail must wag the dog. That's why you go mid term. VIXM |