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Time to be AGGRESSIVELY SHORT ? IT top forming


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#51 12SPX

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Posted 19 May 2021 - 11:10 AM

No they're long gone, this is just a normal expiration cycle, you see plays on the quarterly expirations mainly.  The weeklys will be about done although even with this bounce my 3900 isn't giving up its premium just yet, still at $1.80! 



#52 12SPX

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Posted 19 May 2021 - 11:49 AM

Interesting!!  Bears are out in force they aren't giving up on the puts, could mean more upside! 



#53 redfoliage2

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Posted 19 May 2021 - 11:52 AM

Equity PC at six month high, which is bullish for stock market ........................

Not to be surprised if we see a green close.


Edited by redfoliage2, 19 May 2021 - 12:00 PM.


#54 12SPX

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Posted 19 May 2021 - 12:04 PM

Agree with ya there, very exciting!!  Well at least 4120!  Profit stop 4185 just in case lol! 



#55 redfoliage2

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Posted 19 May 2021 - 12:09 PM

The OpEx game is exciting .......................


Edited by redfoliage2, 19 May 2021 - 12:10 PM.


#56 12SPX

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Posted 19 May 2021 - 01:10 PM

Dang was just moving my profit stop t0 4090 and was hit for a 15 point profit!  Grabbed a new long build at 4085! 



#57 12SPX

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Posted 19 May 2021 - 01:21 PM

There we go, average long now 4082 as I'm sure were going to move a bit higher, profit stop 4085!



#58 redfoliage2

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Posted 19 May 2021 - 01:25 PM

It's over 4100 now, it looks bulls are back flexing their muscles.  We are sure going to have lots of fun in the remaining two days of the OpEx week .....................


Edited by redfoliage2, 19 May 2021 - 01:28 PM.


#59 12SPX

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Posted 19 May 2021 - 01:50 PM

Dang it, hit again a for a 3 point profit, bought again at 4082 for hopefully not a build lol! 



#60 redfoliage2

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Posted 19 May 2021 - 01:59 PM

It's over 4100 now, it looks bulls are back flexing their muscles.  We are sure going to have lots of fun in the remaining two days of the OpEx week .....................

Not two days, only tomorrow left for them to get put holders......................


Edited by redfoliage2, 19 May 2021 - 02:05 PM.