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#21 CLK

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Posted 18 April 2018 - 02:09 PM

Heavy shorting in SPX, P/C at 2.52, went out yesterday around 1.2. Rest of the market giving up on shorts, back down to 1.34

 

Somebody is going to either be real right or real wrong.



#22 CLK

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Posted 18 April 2018 - 04:34 PM

After this last bit of DOTM Calls expire worthless, I am committing to never buy any again. I don't usually, but 

when I think a big sustained move, even then, like now we consolidated way too long and the breakout was 

weak. I think it really never works. My system does fine on 1 strike ITM or ATM. For OTMs my account is up 

in the morning and down in the evening just from theta, should just close out every morning. Anyway, just not

worth the stress and 90% it's a loss despite being right. Some people may be able to day trade them but I'd

rather just stay close to the market. I guess it could work out if we hit 2800 by next Wed. and really should, but

very likely won't happen, there just is no excitement to this rally, where is the 50-80 point up days ?



#23 CLK

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Posted 18 April 2018 - 05:26 PM

You can't get much of a rally with numbers like this and puts being bought as they were the last few days. Yeah, it might be

contrarian and won't drop, but won't go up much either. IWM is near ATH's and sentiment can't even come close to the March highs per the historical chart.

 

 

http://money.cnn.com...fear-and-greed/


Edited by CLK, 18 April 2018 - 05:28 PM.


#24 CLK

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Posted 18 April 2018 - 05:51 PM

sweatingbullets.gif

 

 


Edited by CLK, 18 April 2018 - 05:51 PM.