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Additional Posts in Option Traders & Investing
Any predictions on when the drop will happen?
9/4 Thread (BC):
@BC what do you think about SHOP puts?
10/13 Thread (General):
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Enthusiast
Oof gonna take a hit ST. What a terrible day to be a bear. Fed can keep trying to prop the market but eventually its gotta come down
Bowl Leader
Zero chance it passes. Dems won’t give him something to rave about.
Bowl Leader
So I said 2920 target yesterday. We hit 2923.75 overnight on the /ES futures. At that time, the Fed announcement broke and created today’s rally. Expect to grind higher with the Fed’s additional backstop with a further correction at Q2 earnings. Let IV drop over next week or two and then look to reenter puts near S&P 3300. It should get a boost here and try to close the gap. Once that gap is closed, load up longer term shorts.
Bowl Leader
Aug/Sep but I prefer Sep
Bowl Leader
Diamond top pattern on MSFT. Expecting it to turn to the downside within next few days. Could be worth a Friday lotto play.
Mentor
🙏 6/19 190p: got in at 1.15 and out at 1.9
Thinking about jumping right back into AAPL 8/21 320p
Bowl Leader
Quick ins and out today. Not holding anything overnight
You think we continue green this week?
Bowl Leader
Yes
Mentor
BC are you still holding the UVXY calls?
Bowl Leader
No - see today’s thread.
Coach
What are you up to, BC?
Now
Bowl Leader
Spot on analysis for today’s action. Sitting tight tomorrow and possibly rest of the week. Shorting Friday or Monday if price action doesn’t suggest doing so earlier (claims data Thursday will be a driver as will covid news)