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BULLS hold ES 4350 & bounce or ES 4200 this week


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#101 dTraderB

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Posted 14 October 2021 - 12:43 PM

Closed all VXX PUTS

#102 dTraderB

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Posted 14 October 2021 - 03:14 PM

Wow! What a session!
Closed all QQQ CALLS & HEDGES.

FLAT
Totally FLAT on everything.

#103 12SPX

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Posted 15 October 2021 - 07:23 AM

Wished I would have listened to my own advise about the market moving higher into expiration but had a few doubts because of comments.  Nonetheless sticking with my shorts and adding overnight bringing my short average to 4420.  I'll see what the cash open is like to decide if I should add more or not.  Watching all of my sold calls and puts expire today for October which is nice and starting to add for Nov.....



#104 12SPX

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Posted 15 October 2021 - 08:00 AM

There we go hit that nice round 4450 level, so added a bit more average short 4422, sold some 4600 calls for $12 which offset my already sold 3800 puts for $11.  Calls expiring today are my Oct. 4550 calls originally sold at $51, 4600's $15.25, 4100 puts $16, 4000 puts $19, 3900 puts $21 and 3700 puts $10.50.  Everything done at different times obviously but has been a nice profitable month and some were partially bought back earlier.  Have a feeling that the coming cycle will remain mostly flat with an upward bias but we'll see after we get expiration out of the way.  This is also a longer cycle being 25 days so trading next week should be fun!!    



#105 12SPX

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Posted 15 October 2021 - 08:35 AM

Interesting two gap up openings on the SP500 cash markets, gotta fill those to be healthy and it appears all bearishness has left the puts so we're likely to see volatility kick up here!! 



#106 redfoliage2

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Posted 15 October 2021 - 09:01 AM

OpEx target SPX4465 met and currently it's in overbought conditions...................


Edited by redfoliage2, 15 October 2021 - 09:03 AM.


#107 12SPX

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Posted 15 October 2021 - 09:23 AM

If you would've stuck to your first call on Monday, I'd accept that but you flipped with a little selling so not sure about that but do agree a little overbought here and bullishness jumped incredibly, plus two gaps to fill, will be interesting.....



#108 dTraderB

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Posted 15 October 2021 - 10:42 AM

I may buy a few VXX CALLS as the pre-weekend erosion takes the price at or below 22

 

Also considering a few QQQ PUTS

 

Only NQ daytrading today, refreshing change from hectic Sep & October

 

 



#109 redfoliage2

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Posted 15 October 2021 - 10:55 AM

The SPX 50 dma 4437 may be back-tested early next week ..............


Edited by redfoliage2, 15 October 2021 - 10:57 AM.


#110 12SPX

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Posted 15 October 2021 - 12:55 PM

Average short now 4430....