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Distribution, gentle squeeze, then... is the CRASH imminent?


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#11 12SPX

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Posted 25 May 2021 - 08:06 AM

For one of the first times in years I took a Canadian holiday off to relax in our desert country up here wine tasting, called Osoyoo's!  I also went into the weekend in cash, maybe I need to take a break from day trading, getting bored lol!!  Was a fully profitable expiration cycle selling options and going to start selling June calls today.  Gonna wait on selling puts like I did in May as I think the market still has some volatility left in it.  Made $35 on my 3900 and 3950 puts anyhow and $99.50 on my 4200,4250 and 4300 calls!!  Nonetheless started my short on the ES for day trading at 4200 and will add this morning. 



#12 12SPX

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Posted 25 May 2021 - 08:18 AM

ur all  wrong wrong wrong .......naaim down to 44% exposure to equities.....the recent sharp decline was nothing more than a bullish C wave.....on this coming  wed   after any post expiration adjustment off we go again.....maybe sooner.....but this market has no risk ....watch the sky and cnn fear greed index is at a level normally associated with bottoms............being bearish is easy.....anybody can do it.....perma crashers are   proof.....

I can't believe a dedicated 350z owner actually believes anything out of CNN lol!!  You'll be glad to know though Don I just bought a 2004 350z convertible that has only 36,000 miles on it!  It's like brand new and I get to break out my mixed tapes again!  Now my question is how can I keep all that and still add another stereo maybe in the storage center above it?  Maybe message me if you have any ideas lol!! 



#13 12SPX

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Posted 25 May 2021 - 08:33 AM

nd just like that average short 4205! 



#14 12SPX

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Posted 25 May 2021 - 08:46 AM

Profit stop 4204, sell above! 



#15 12SPX

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Posted 25 May 2021 - 08:50 AM

profit stop 4202



#16 12SPX

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Posted 25 May 2021 - 08:52 AM

keeping it tight, 4200 sell above...



#17 12SPX

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Posted 25 May 2021 - 08:56 AM

And out at 4198 for a 6 point profit, start selling above! 



#18 12SPX

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Posted 25 May 2021 - 09:44 AM

Trying a long at 4193, lets see how it goes....



#19 12SPX

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Posted 25 May 2021 - 09:46 AM

Well that was good timing, profit stop 4195! 



#20 12SPX

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Posted 25 May 2021 - 10:02 AM

Out for a 3 point profit, hmmmmmmm