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Extreme ST Euphoria - pullback then APRIL IT HIGH


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#31 dTraderB

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Posted 06 April 2021 - 09:03 PM

Gain today, loss yesterday,  but range contraction today suggests market may consolidate for a day or two before next big move

 

NQ HEDGE LONG 13462.5  closed + 137.25 

 

ES HEDGE LONG 4059.5 opened

32 SPY PUTS

43 VXX CALLS

 

 

 

+36.5 points

NQ HEDGE LONG 13462.25

29 SPY PUTS

need VXX to drop a bit more to add new CALLS with LIMIT ORDER lower than current price

 

 

closing ES HEDGE LONG with minimum 30 points profit, will keep an existing NQ daytrade LONG until ES hedge  is reopened lower later

 

 

Not a great week, but the end of a profitable March & Q1 2021. April started with a loss

 

27 SPY PUTS.
40 VXX CALLS

ES HEDGE LONG 4012.5

 

-----

Banking a 30 point ES profit
Will reopen later
 

dTraderB, on 31 Mar 2021 - 4:12 PM, said:snapback.png

Opened ES HEDGE LONG 3966.5

24 SPY PUTS.
38 VXX CALLS

 

 

 



#32 12SPX

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Posted 07 April 2021 - 08:01 AM

Continuing to add on these upticks overnight and now my average short is at 4031.  Biggest short I've had in over a year but this is way overdone with sentiment at extremes, technicalls are extremely overbought daily and hourly, so far above its weekly moving average its almost unfathomable, S&P500 currently valued at over 41, etc etc etc!  Just ridiculous!  biden = volatility is still in play just been delayed a few days! 



#33 12SPX

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Posted 07 April 2021 - 09:59 AM

Adding more going bigger now, average short 4039!  Only going to sell if we remain higher.  Interestingly as were now 7.5 days to expiration were starting to see premium decay happen, 4100 calls now down on the day even though were up!! 



#34 dTraderB

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Posted 07 April 2021 - 08:32 PM

I MIGHT DO THE SAME!
$460 PROFIT TOTAL on Tuesday & Wednesday!


Adam Set (@Adaamset) tweeted at 4:50 pm on Wed, Apr 07, 2021:
🧑‍🍳🤌♥️
Might take tomorrow off unless we trend. I'm getting bored of this range. Have a good evening!


Adding more going bigger now, average short 4039!  Only going to sell if we remain higher.  Interestingly as were now 7.5 days to expiration were starting to see premium decay happen, 4100 calls now down on the day even though were up!! 



#35 12SPX

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Posted 08 April 2021 - 07:47 AM

Hit 4090 overnight and even had some at 4100 but never got it!  Average short now 4048! 



#36 dTraderB

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Posted 08 April 2021 - 02:44 PM

Closed ES HEDGE LONG +25.5
HEDGE NQ LONG 13735.75

DEFINITELY a losing day, net weekly loss, but will try to salvage it tomorrow


Gain today, loss yesterday,  but range contraction today suggests market may consolidate for a day or two before next big move
 
NQ HEDGE LONG 13462.5  closed + 137.25 
 
ES HEDGE LONG 4059.5 opened
32 SPY PUTS
43 VXX CALLS
 
 

 
+36.5 points
NQ HEDGE LONG 13462.25
29 SPY PUTS
need VXX to drop a bit more to add new CALLS with LIMIT ORDER lower than current price
 

 
closing ES HEDGE LONG with minimum 30 points profit, will keep an existing NQ daytrade LONG until ES hedge  is reopened lower later
 

 
Not a great week, but the end of a profitable March & Q1 2021. April started with a loss
 
27 SPY PUTS.
40 VXX CALLS

ES HEDGE LONG 4012.5
 
-----
Banking a 30 point ES profit
Will reopen later
 
dTraderB, on 31 Mar 2021 - 4:12 PM, said:snapback.png

Opened ES HEDGE LONG 3966.5

24 SPY PUTS.
38 VXX CALLS

 
 
 


#37 dTraderB

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Posted 09 April 2021 - 06:04 AM

I have also done my "massive trade" on volatility .... but so far volatility has not gone up.

First Squawk (@FirstSquawk) tweeted at 11:50 pm on Thu, Apr 08, 2021:
(Reuters) - A massive trade in the U.S. options market on Thursday appears to be betting that the calm enveloping U.S. stocks in recent weeks will give way to a big rise in volatility over the next three months.

https://t.co/6vdDA7mQeG

41 SPY PUTS
47 VXX CALLS
1 NQ HEDGE LONG 13735.75

Closed ES HEDGE LONG +25.5
HEDGE NQ LONG 13735.75

DEFINITELY a losing day, net weekly loss, but will try to salvage it tomorrow

Gain today, loss yesterday,  but range contraction today suggests market may consolidate for a day or two before next big move
 
NQ HEDGE LONG 13462.5  closed + 137.25 
 
ES HEDGE LONG 4059.5 opened
32 SPY PUTS
43 VXX CALLS
 
 

 
+36.5 points
NQ HEDGE LONG 13462.25
29 SPY PUTS
need VXX to drop a bit more to add new CALLS with LIMIT ORDER lower than current price
 

 
closing ES HEDGE LONG with minimum 30 points profit, will keep an existing NQ daytrade LONG until ES hedge  is reopened lower later
 

 
Not a great week, but the end of a profitable March & Q1 2021. April started with a loss
 
27 SPY PUTS.
40 VXX CALLS

ES HEDGE LONG 4012.5
 
-----
Banking a 30 point ES profit
Will reopen later
 
dTraderB, on 31 Mar 2021 - 4:12 PM, said:snapback.png

Opened ES HEDGE LONG 3966.5

24 SPY PUTS.
38 VXX CALLS

 
 
 


#38 12SPX

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Posted 09 April 2021 - 07:57 AM

This has been a long week lol but not really!  Did get my 4100's though and now average short at 4055.  Think I will sit on this and tempting to hold longer than just for a small profit.  Market has been in blow off mode and I'm expecting this coming expiration week will be quite volatile as were right near my cycle numbers for the upside so moving higher from here should be a struggle anyhow.  Gonna be a fun week!!