5 replies to this topic

[alexnewbee]

Short 2493

Stop 2503

 

EOM

[redfoliage2]

Tomorrow will be the last trading day for this quadruple witching week and it's time to shake out call holders, going to be interesting...........

Edited by redfoliage2, 13 September 2017 - 02:18 PM.

[NAV]

Short 2493

Stop 2503

 

EOM

 

If you are using a 10 point stop, you better aim for at least 20 points profits (1:2 risk/reward). Otherwise in the long term, you will end up losing money.

 

I am still holding my longs with a +31 points MTM. I expect a pullback, but not deep enough to shake me out.

 

It's beyond me why folks try to short the market during the criminal Opex week. The criminals will always win. I would wait until next week for shorting.

[12SPX]

These quarterly expirations are always interesting, don't forget September futures, futures and cash options on the S&P 500 go off with first trades tomorrow morning!  Stupidest way to figure out a settlement ever in my view, the swings are amazing, always best to be out by the end of the day or roll into October, just as a reminder!

[CLK]

INDU is leading while NDX is falling, not a good combination for a breakout higher. If no drop tomorrow

then more of the sideways pattern. Expo week is a no go, 3 days of eroding time value with declining internals.

[tommyt]

"It's beyond me why folks try to short the market during the criminal Opex week."

 

Agree, its one of the best trades out there, to be long expo week. Forever it seems like. Well, maybe in the 80's it was a bit different as I recall.

Edited by tommyt, 15 September 2017 - 12:10 AM.