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...
Critical Week ahead: Inflation report, Earnings season begin, China COVID outbreak...
#11
Posted 12 July 2022 - 07:47 AM
#12
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
Posted 12 July 2022 - 08:37 AM
Really nice pop for a crashing market, profit stop 3855....
#14
Posted 12 July 2022 - 08:42 AM
Gonna go crazy here since its such a nice pop up, profit stop 3865....
#15
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
Posted 12 July 2022 - 08:46 AM
And out for a nice 40 point profit....
#17
Posted 12 July 2022 - 09:01 AM
That was a nice little drop, starting a long build at 3845 once again...
#18
Posted 12 July 2022 - 09:21 AM
There we go, profit stop 3846, buy below...
#19
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
Posted 12 July 2022 - 09:27 AM
Hmmmmm out for 1 point, likely should've waited as volume is drying up, hopefully get lower.....