Almost getting back to my sold 4450 level at 4446 now!!! Funny my sold 4600 calls still showing a profit that I sold last week lol!! Love premium decay!!!
BULLS buy TAPER dip
Posted 24 August 2021 - 08:24 AM
Added a little more last night to get my average short to 4450... Options are screaming bullishness this morning so were likely to see some kind of pullback soon.
Posted 24 August 2021 - 10:32 AM
Decided to add to my sold Sept 4500 calls, average now $37!! 4600's still showing profits lol!!
Posted 26 August 2021 - 07:50 AM
I'm kinda enjoying this. Add to my shorts then forget about it, see what happens today. Average short now 4459....
Posted 26 August 2021 - 07:53 AM
Love markets that have no volatility or volume, so healthy lol! If you think about the rally all year we saw volatility going back and forth and that has stopped this last month to basically up up up, then a sharp pullback and now were up up up again. Just waiting for the sharp down move and then decide if it will be a deeper correction or not!!
Posted 26 August 2021 - 08:52 AM
BIG SHORT position with SPY & QQQ PUTS as well as VXX CALLS, will add more on new ATHs
In Vacation mode.....
Posted 27 August 2021 - 08:26 AM
Not really sure why it keeps coming to my mind about the S&P500 at 1500 compared to the now 4500. I remember writing about it in 1999 when it crossed that level for the first time and the Nasdaq over 5000 that we would see a correction and that these levels might not be seen again for 15 years. That was when the Fed wasn't as involved in the market as they are now which is a big factor but its starting to get me thinking about it again especially if the Fed does start to taper. We might not see a huge correction and rebound but more sideways action just like then! Think the next six months are going to be exciting in the market and economy! Call options are showing some nice profits now even though were higher for the week.