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Truckload of SPY calls.... bring it on!


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#1 dTraderB

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Posted 27 December 2018 - 09:38 AM

Quick note:

 

got filled on MAR SPY calls yesterday 

 

will add more if  SPX trades below yesterday's low



#2 diogenes227

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Posted 27 December 2018 - 11:49 AM

Good chance, SPY will be below yesterday's low...in March.

 

swoon.gif


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#3 slupert

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Posted 27 December 2018 - 02:24 PM

Good chance, SPY will be below yesterday's low...in March.

 

swoon.gif

It won't take that long, maybe next week. (JMHO)



#4 cycletimer

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Posted 28 December 2018 - 09:54 PM

Good chance, SPY will be below yesterday's low...in March.
 
:swoon:

It won't take that long, maybe next week. (JMHO)

This correction is getting long-in-the-tooth. Bears will overstay their profitable trade and will be forced to cover and/or liquidate their puts and inverse etf’s which will user a face-ripping rally. I suspect that the low is already in OR at the latest, will occur in mid-January (cycle turn). I see the potential for S&P 3100-3200 by April 15, 2019. JMHO.