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.
Distribution, gentle squeeze, then... is the CRASH imminent?
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!!
Posted 25 May 2021 - 08:56 AM
And out at 4198 for a 6 point profit, start selling above!