64 replies to this topic

[12SPX]

Starting a short build here at 3670 and will be slow if we continue up here.  Btw for my calls I sold last week, I took off the 3800 call at $25 for a second profit of $10 bringing my total profit of those two trades at $25.  Will maybe do it later in the cycle if we move higher.  The 3900 calls I sold for $9.00 are now a hold, we'll see how that turns out! 

[12SPX]

Profit stop 3669

[12SPX]

profit stop 3665

[redfoliage2]

It looks an aftermath of the quadruple witching that may last for a couple of days ...........................

Edited by redfoliage2, 21 December 2020 - 10:07 AM.

[12SPX]

profit stop 3640

[12SPX]

It looks an aftermath of the quadruple witching ...........................

no dont think so, I've been following them for over 35 years, times have changed in about the past 5 years, concentration now has be on entire spectrum of options.  3rd week expirations are still important but have lost alot of their luster.  Plus the fact that the entire market was so bullish, stimulus already priced in any type of bad news and boom, it needed a correction.  We'll see where this settles out...

[12SPX]

Nice out for another 30 points profit, this is going to be a great day!!  See where we go from here for a sell of a buy were sitting right in the middle now! 

[12SPX]

Trying a long build here at 3629, scaryyyyy..

[redfoliage2]

 

It looks an aftermath of the quadruple witching ...........................

no dont think so, I've been following them for over 35 years, times have changed in about the past 5 years, concentration now has be on entire spectrum of options.  3rd week expirations are still important but have lost alot of their luster.  Plus the fact that the entire market was so bullish, stimulus already priced in any type of bad news and boom, it needed a correction.  We'll see where this settles out...

 

Assuming a correction here how much it may go?  

Edited by redfoliage2, 21 December 2020 - 10:30 AM.

[12SPX]

Whew, profit stop 3630....