Member
Posted 18 March 2021 - 03:18 PM
Market a bit heavy but OPEX week may prevent big drop
So far today the house operators have been able to keep SPX and NAZ holding well above the ST support ...............................
A typical move today for the OpEx, but now the direction may change overnight..............................
BTW, after this quad witching OpEx is out of the way next week it's time for the FMs to run up the market for their 1st quarter reports and bonuses .......................
Member
Posted 19 March 2021 - 07:35 AM
Well that was a great end to the day, got my fill at 3950 and then the market turned down to close lower. Had a tight profit stop overnight and now 3925 for the open. Unless there is a miracle in the next hour it doesn't look like 4000 will be hit for expiration, guess I could have kept my 4000 March option sell on but I did sell and buy it back it twice for $33! Gonna be a fun end to this expiration and going down as I expected Monday, lower for the week!
Member
Posted 19 March 2021 - 07:39 AM
What a day! Best NQ profits in 2021.
No trading is easy but today you just had to follow NQ and trade accordingly.
Nice! The market at the moment is centered on these bond movements and reacting to it which is very interesting and may have something to do with the fact that margins at record levels making people nervous so I would suspect this may continue for awhile and as I said at the start of the year, with biden in control now the market is going to be way more volatile and as we go along I think it's going to be great for trading even if we eek out new highs.
Member
Posted 19 March 2021 - 08:18 AM
I'm changing my mind for the open with that dip because of the Fed announcement, might see a bit of a bounce from it with the cash open, out at 3910 for a 40 point profit. Gonna watch the open see how it goes and decide from there!
Member
Posted 19 March 2021 - 08:44 AM
Interesting SP500 expiration! So flat and now down, trying a long at 3885!
Member
Posted 19 March 2021 - 09:09 AM
Hmmmm out for 1 point, you walk away for 5 minutes to get coffee and your even lower. Trying a long build start at 3877!
Member
Posted 19 March 2021 - 09:21 AM
This one might hold, profit stop 3885! Will buy lower if we sell off again!
Edited by 12SPX, 19 March 2021 - 09:21 AM.
Member
Posted 19 March 2021 - 09:26 AM
Bought back my April sold 4100 calls for $6.00 for a $11 profit. Will look to resell them maybe after I get my numbers for expiration or we pop higher later today!! Profit stop 3890, will buy lower...
