Member
Posted 14 December 2018 - 03:40 PM
Sold short Dec. 19 261P at $2.88 and bought to open Dec. 24 260P at $3.68 net debit $0.80.
Thinking maybe a big gap up Monday and run into the Fed.
Maybe would have been better to sell the 264 for almost free but that might be over $2 drawdown if it doesn't work out.
Edited by CLK, 14 December 2018 - 03:43 PM.
Member
Posted 14 December 2018 - 04:20 PM
Sold short Dec. 17 265P at $4.68 and Bought to open Jan4 260P at 4.9 net debit $0.22.
If this goes wrong I have a Dec. 17 259P to cover the damage. I think this could work great if we get a big rally Monday and cover
cheap and have the Jan. Put cheap for later.
Member
Posted 14 December 2018 - 06:31 PM
No matter what, I won't be selling one dime of my TZA, hopefully until the 2009 lows are reached, I have OTM puts on it out to July, but I think that's just a waste at this point.
So TNA went from $1 at 2009 lows to $100, 100x gain. TZA should be able to reach 100x.
Member
Posted 14 December 2018 - 09:45 PM
Member
Posted 16 December 2018 - 09:05 AM
The only divergence I can find is the VIX, so a bounce could happen. The futures charts will jump probably 10 points because of rollover to
the March contract so that could cause more buying from traders not aware of that.
Member
Posted 16 December 2018 - 01:34 PM
Member
Posted 17 December 2018 - 05:59 AM
Lots of people going long here, bad news for them.
Edited by CLK, 17 December 2018 - 06:01 AM.
Member
Posted 17 December 2018 - 07:00 AM
Member
Posted 17 December 2018 - 07:47 AM
Like the lines
Lines are a powerful trading tool
Yes they are, and easily defendable with a tight stop.
Check your mailbox before taking a trade today.
Edited by CLK, 17 December 2018 - 07:48 AM.
Member
Posted 17 December 2018 - 10:03 AM
Covered short 265P, closed 259P, covered short 261.50C
Account in the green despite loaded for a bounce. Keeping Jan. 4 260P.
