155 replies to this topic

[dTraderB]

42 SPY SEP PUTS 

1 ES LONG 3100.75

FLAT NQ

FLAT CRUDE 

 

Not a bad day, about middle of the daily profit levels

choppy market, typical OPEX behavior, narrow range compression type of market behavior, could get a REALLY BIG MOVE ON A BREAKOUT 

FROM HERE, up or down

[dTraderB]

Closed es long +23.5

Will reopen lower

[12SPX]

I'm surprised were up this morning but it is expiration and there's 18 billion POMO from the Fed lol!  Still I thought we'd start down but as you say you never know so that's why I stayed out.  There was also bad news out about Corona spikes so I'm surprised,,,expiration.....This is likely going to indicate a higher percentage that there will be a down expiration cycle for July!  I'll know more after the close!  Anyhow short from 3135 profit stop tight 3133.  No I don't have one sorry.

[12SPX]

Nice long trade btw!! 

[12SPX]

And out for 2 points, think I need more coffee before I start today lol!  Great team tennis matchs last night but likely start a short build from 3135.

[dTraderB]

And out for 2 points, think I need more coffee before I start today lol!  Great team tennis matchs last night but likely start a short build from 3135.

 

Lower volume this week, OPEX Friday, will not rush into trades today.  Basically, I am looking for down, then up, drift down again, and explode higher at the close...

 

UNLESS there is MAJOR NEWS 

[12SPX]

Okay things settling down in for a short at 3140, profit stop 3138!! 

[12SPX]

Whew that was tight, I was just placing my stop with those spikes still on but likely won't hold! 

[12SPX]

And there you go out for 2 points, try 3140 again if it hits and start the build from there but I'm almost tempted to just watch for awhile.

[12SPX]

Dang knew that profit stop was to tight, might start looking for a long soon!