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"...SoftBank, the “Nasdaq Whale,” had been harpooned. ..:


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#11 redfoliage2

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Posted 06 September 2020 - 09:15 PM

I bet big whales will take advantage of this dip and load more calls as there is no place for big cash but the tech stocks thanks to the pandemic and thus the unprecedented liquidity from CBs ( actually bears should blame on CBs, not big whales).  The Fed indicated there will be more to come.  BTW, Fed meeting next week ...................


Edited by redfoliage2, 06 September 2020 - 09:20 PM.


#12 slupert

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Posted 07 September 2020 - 12:05 PM

Notice how they they are lightening up on Bitcoin to shore up tech losses, won't be enough of course. I imagine plenty got margin call between Friday and Tomorrow's open. With the  current dislocation in the options market by Softbank, Tuesday could be a wild one. To inflict the most damage, would be a large gap down heightening a margin call domino effect. JMHO)



#13 dTraderB

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Posted 07 September 2020 - 06:47 PM

Good rally..keep it going until the cash session reopens! Remorse overwhelms me after closing all those puts except a measly 11 QQQ. I must reopen SPY PUTS for our LT PORTFOLIO and QQQ for RISK PORTFOLIO.

#14 dTraderB

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Posted 07 September 2020 - 06:49 PM

I PREFER THIS holiday weekend rally continues to at least 11800 NQ....bring more of the dip and CALL buyers to set it up for 3 days of decline.

Notice how they they are lightening up on Bitcoin to shore up tech losses, won't be enough of course. I imagine plenty got margin call between Friday and Tomorrow's open. With the  current dislocation in the options market by Softbank, Tuesday could be a wild one. To inflict the most damage, would be a large gap down heightening a margin call domino effect. JMHO)



#15 dTraderB

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Posted 07 September 2020 - 06:51 PM

It appears as if the massive FORCED CALL liquidation may be the reason for the rapid increase in PUT/CALL RATIO.

I bet big whales will take advantage of this dip and load more calls as there is no place for big cash but the tech stocks thanks to the pandemic and thus the unprecedented liquidity from CBs ( actually bears should blame on CBs, not big whales).  The Fed indicated there will be more to come.  BTW, Fed meeting next week ...................



#16 redfoliage2

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Posted 07 September 2020 - 07:11 PM

It appears as if the massive FORCED CALL liquidation may be the reason for the rapid increase in PUT/CALL RATIO.
 

I bet big whales will take advantage of this dip and load more calls as there is no place for big cash but the tech stocks thanks to the pandemic and thus the unprecedented liquidity from CBs ( actually bears should blame on CBs, not big whales).  The Fed indicated there will be more to come.  BTW, Fed meeting next week ...................

 

With the massive liquidation of the calls the risk now is high for for put holders ...........................


Edited by redfoliage2, 07 September 2020 - 07:12 PM.


#17 dTraderB

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Posted 08 September 2020 - 06:00 AM

Pajamas again got the best of the overnight drop but I managed a few Nq shorts and 1 long since just before 5am.
QQQ down almost 8 as I write this, TESLA and many techs also down

Markets should test last week lows

#18 redfoliage2

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Posted 08 September 2020 - 07:46 AM

Now its the sharks on the street. I got stopped out of NQ last night. This is engineered by dealers.....

Edited by redfoliage2, 08 September 2020 - 07:46 AM.


#19 12SPX

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Posted 08 September 2020 - 08:02 AM

I love the pajama traders, well even the day guys lol!  I put on a short at 3435, with a profit stop of 3400 now, think I might take profits maybe look for longs after the open.



#20 12SPX

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Posted 08 September 2020 - 08:15 AM

Changed my mind, I've had a coffee now, profit stop at 3368 for a 67 point profit, start building a long right there if hit.