I have been watching TESLA soar. Just watching the daily chart. Last week I opened a TESLA OPTIONS CHAIN next to the chart. Today, I opened a a TESLA news thread next to the chart, the other side. Now, I am looking at possible PUTS, 2 or 3 or 4, only, ... for now. Maybe more when some of my QQQ PUTS are liquidated. 3 were closed today, releading just over 6k for TESLA.
THE 2020 BUBBLE: Buy the dips, sell the rips, watch your back ....
Started by
dTraderB
, Jul 06 2020 05:42 PM
118 replies to this topic
#52
dTraderB
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Posted 07 July 2020 - 07:03 PM
"I tweeted the past 2 wks how a post July4 swoon was coming in the mkts. Reasons in my past tweets dont need repeating. Today was the start. Best situation tomorrow .. gap and fade to red into close. Then harder red into W/E.
$SPX 200 + 50ma are converging. We are going there."
$SPX 200 + 50ma are converging. We are going there."
#53
dTraderB
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Posted 07 July 2020 - 07:18 PM
BARRON'S:
And the sideways market has seen plenty of jitters over the past monthin both directions. Barron's Ben Levisohn described the current environment as "violently flat" today, citing the Cboe Volatility Index, or VIX, stubbornly sticking close to 30 points, even as the market has recovered most of its February and March losses. In the half decade before the coronavirus crisis, the VIX hardly broke above 25 points at all.
Ben writes:
Yes, thats well below the 80-plus peak in March, but still in the top-10% of historical readings, according to [Evercore ISI strategist Dennis] DeBusschere. A VIX at its current level implies daily moves of 1.7%.
The high VIX reflects the continued uncertainty surrounding the path of the recovery, both for the economy and the stock market. Whether the VIX continues to fall could depend on whether vaccines and treatments are developedthe U.S. government placed some big bets on Regeneron and Novavax Tuesdayand whether another fiscal package is passed, DeBusschere explains.
And the sideways market has seen plenty of jitters over the past monthin both directions. Barron's Ben Levisohn described the current environment as "violently flat" today, citing the Cboe Volatility Index, or VIX, stubbornly sticking close to 30 points, even as the market has recovered most of its February and March losses. In the half decade before the coronavirus crisis, the VIX hardly broke above 25 points at all.
Ben writes:
Yes, thats well below the 80-plus peak in March, but still in the top-10% of historical readings, according to [Evercore ISI strategist Dennis] DeBusschere. A VIX at its current level implies daily moves of 1.7%.
The high VIX reflects the continued uncertainty surrounding the path of the recovery, both for the economy and the stock market. Whether the VIX continues to fall could depend on whether vaccines and treatments are developedthe U.S. government placed some big bets on Regeneron and Novavax Tuesdayand whether another fiscal package is passed, DeBusschere explains.
#54
Dex
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Posted 07 July 2020 - 07:25 PM
BARRON'S:
The high VIX reflects the continued uncertainty surrounding the path of the recovery, both for the economy and the stock market.
I'm certain.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16
17_16
#55
dTraderB
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Posted 08 July 2020 - 07:29 AM
closed the overnight 1-lot NQ hedge + 11.50 points, did the job, will reopen lower,
7 NQ daytrades since 5:30am
will add more XLF to LT below 22.25
#56
12SPX
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Posted 08 July 2020 - 07:35 AM
Sooooo quiet, think long is the play today the way its shaping up for WWW however if we pop higher may be another shorting oppurtunity but I'd rather see above 3150, hmmmmm likely wait till the open here!
#57
12SPX
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Posted 08 July 2020 - 08:38 AM
Okay first fill on my ES short at 3151, likely a build from there....
#58
12SPX
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Posted 08 July 2020 - 08:59 AM
Okay average now 3156!! Figured it was better to long but we'll see what happens here!
#59
12SPX
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Posted 08 July 2020 - 09:15 AM
Little quick adjustments, average short now 3157!
#60
12SPX
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Posted 08 July 2020 - 09:31 AM
Okay first profit stop 3155!!
