9/4 Thread (BC):

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Playing a morning bounce and afternoon drift lower today. Should be quiet volume heading into long weekend. See you all next week!

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Sold all of my short term puts here. I usually Take profit too early for what it’s worth. But I like my profit. Longer term puts still in place but scaled down for now

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💰 💵. Good day all! Sitting tight now. Done for the day holding 110 and 105 puts over the weekend. Locked in 10.2x today.

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Congrats! Enjoyed the real time updates.

Still waiting for the Discord group 😉

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Also, BC and I both said the same thing pre drop. We both have a lot of Experience in the markets and have seen these type of moves many times.

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Starting going long for a dead cat bounce if we reach 110. Cost average if we head to 106. Buying 105 / 110 calls for next Friday and Sept 18

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Note I’m still holding my >Oct put positions. I’m out of September puts

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Have a nice Labor Day weekend everyone!

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That is exactly what I came here to say. Early morning bounce likely to be sold off into close.

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For us relative newbies morning bounce can mean 11 eastern for all we know, not first 15 min; this hurts

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Yeah that was quicker then I expected. I also thought till mid morning

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Holding calls over weekend BC? Thanks for real-time updates today!

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Yes I am

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Pump for the Tuesday dump here

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Ugh... gap up is looking highly like :(

Looking where October vix futures are.... this is gonna be a bloody 45 days.

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Well Softbank’s calls are off the table now...

Crushed it today!! Nice work all. Do some research this long holiday weekend.

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👍👍

The easy move is over. Likely drift lower the rest of the day. Lower buying volume into holiday and the selling pressure will start to get going. New investors likely to be spooked on their first down day

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Didn’t quite reach target, but bounce under way. That’s why I start entering before the zone. Didn’t get all of what I wanted into it, but have a good chunk

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Hope you all rode the wave down and are riding the wave up with me

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Great call on timing

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Locking in call gains. Failed at 119

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Back to $110 and $105 puts for sept 18

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Holding these over the weekend. Will cost average at 125 if it gets there

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Thank you for the updates today!! I am not experienced enough to play options yet, so I am just limiting myself to covered calls and puts for now, but this was really helpful

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👍👍

You’re saying bounce is done and we’re drifting lower the whole day now?

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Any good options?

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