148 replies to this topic

[dTraderB]

Going to close some or all of the 19 SPY CALLS I bought near the close yesterday & today. Want about 24 to 28 SPY CALLS into the close today. Same for QQQ, close most or all of those bought today.

GREEN yesterday ... but as I attempted to rebuild CALL positions after liquidating many in that big bounce, those 10 SPY CALLS bought in the final 30 minutes or so was not a wise trade. Looking for more down trading and then an sharp bounce. 
Will add more QQQ & SPY CALLS, extra lot in NQ SHORT daytrades, and add more NAT GAS SHORTS but not chase higher as this spike could blowoff and spike above 7! Will adjust STOP LOSS in NAT GAS SHORTS and wait for spike up to end.
 
39 SPY CALLS
24 QQQ CALLS
5 VXX PUTS
1 ES & NQ HEDGE SHORT
 
5 NAT GAS SHORT  -- 2 stopped out, 6 NEW shorts overnight
 

There we go nice even short of 4350, see what happens later on....

 

31 SPY CALLS
27 QQQ CALLS
5 VXX PUTS
HEDGES UNCHANGED

Will buy more CALLS on drop near or below yesterday's CLOSE.
BUT, NQ DAYTRADES OUTPERFORM ALL of above, combined.
 

Late surge helped squeeze out a small gain, mainly due to NQ daytrading and HEDGE ES & NQ gains, as well as NAT GAS SHORTS
Losses in SPY & QQQ CALLS, VXX PUTS
 
42 DEC SPY CALLS
38 DEC QQQ CALLS 
 
NQ 14440  HEDGE SHORT
ES 4284.5  HEDGE SHORT
10 VXX NOV PUTS
 

Ouch! Gone NET RED in today's trading!

39 SPY CALLS

35 QQQ CALL

Closing a few NAT GAS SHORTS

 

[12SPX]

Well this is fun taking my profits off for 75 points tonight at 4375 and thinking about going short if we hit 4380 once again we'll see!!  Not one person congratulated me for calling the market going green today,,,,, sigh, I put out a fearless forecast and no one said good call!!

[dTraderB]

2nd ES HEDGE SHORT 4395.5

A blistering BULL blitz yesterday, Another GREEN day. Held on to more CALLS than planned but one has to trade the market and the SHORT COVERING was cruel to many bears. With this overnight I am about 80% hedged, want to be positioned to be nimble and trade with the market while reducing risk during next 2 days. Easier said than done.
Will close remaining VXX PUTS


33 SPY CALLS
37 QQQ CALLS
2 ES HEDGE SHORT
1 NQ HEDGE SHORT

[dTraderB]

Great trade! Congrats! It has been wild & busy!!
Can BULLS ramp it up with another 2% rally by Friday evening or back to recent lows??

Well this is fun taking my profits off for 75 points tonight at 4375 and thinking about going short if we hit 4380 once again we'll see!!  Not one person congratulated me for calling the market going green today,,,,, sigh, I put out a fearless forecast and no one said good call!!

[12SPX]

Haha, was wondering why I had no fills overnight, I put my trade in at 4480 instead of 4380!  Have my short build start at 4394 now!!  Not sure why the market is up so much as it can't be because of the trade deal so may have something to do with www.  As far as I understand it the market is supposed to do the opposite of that day so would mean expiration would be down.  Feels a little to exuberant but we were due for a relief bounce anyhow, +2% seems like a stretch but I'll play it and see what happens.  My put sells look excellent now and calls are still safe, maybe start selling some Nov. calls....

[12SPX]

Sorry meant debt limit, profit stop 4393 for the cash open will sell above....

[12SPX]

Actually lets go crazy profit stop 4392....

[12SPX]

Going crazy 4390.... sell above...

[12SPX]

And out for a nice 4 point profit, gonna see if we can spike here and get a nice even 4400.....

[12SPX]

Yay got it, building my short at 4400.....