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Critical Week ahead: Inflation report, Earnings season begin, China COVID outbreak...


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#11 12SPX

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Posted 12 July 2022 - 07:47 AM

Basically took yesterday off as summer has finally come here and the market is in grind mode anyhow with summer volume it going no where fast.  Did a couple shorts around the 3870 level for a couple 5 point moves but mostly watched my premium erode away on the July 4020 calls and August calls I sold last week posted on here.  Don't expect much of a change but glad to see the bearishness today as my pajama traders filled me overnight with a nice rogue 3825 long trade, profit stop 3830 going into the cash open.  Everyone knows I like my rogue trades lol!!  Think to many people are calling for crashes and new lows and during an expiration week I think that will be tough.  My expiration numbers are still indicating we'll be above 3700 by Friday anyhow but my try to resell the July 3700 put at $10 overnight didn't get filled so I might start looking at August!!  Like the bounce off the lows this morning we'll see if it follows through or not...



#12 12SPX

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Posted 12 July 2022 - 08:32 AM

profit stop 3835 and took profits on my sold 4020 July calls for a nice $9.20 as the market prepares for the inflation report tomorrow. 



#13 12SPX

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Posted 12 July 2022 - 08:37 AM

Really nice pop for a crashing market, profit stop 3855....



#14 12SPX

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Posted 12 July 2022 - 08:42 AM

Gonna go crazy here since its such a nice pop up, profit stop 3865....



#15 Keepingcool

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Posted 12 July 2022 - 08:44 AM

been watching TT for a year now and gotta say i'm pretty impressed with many of your calls 12spx, Your definitely pretty dialed in on the market movement. love your rogue calls...you often have a days profits within the opening hours of the day. 



#16 12SPX

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Posted 12 July 2022 - 08:46 AM

And out for a nice 40 point profit....



#17 12SPX

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Posted 12 July 2022 - 09:01 AM

That was a nice little drop, starting a long build at 3845 once again...



#18 12SPX

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Posted 12 July 2022 - 09:21 AM

There we go, profit stop 3846, buy below...



#19 redfoliage2

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Posted 12 July 2022 - 09:26 AM

It looks that Mr. Market thinks CPI data out tomorrow not going to be as bad as bears like to see ........................


Edited by redfoliage2, 12 July 2022 - 09:30 AM.


#20 12SPX

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Posted 12 July 2022 - 09:27 AM

Hmmmmm out for 1 point, likely should've waited as volume is drying up, hopefully get lower.....