Oh my, here I thought that with the market down we'd see call options down but instead they tripled down on price wow, great to live on hopes and dreams, especially these one day options, great to sell lol!!
BEARISH -- HOW DEEP IS THE PULLBACK? Summer Break...
Started by
dTraderB
, Jul 16 2023 03:53 PM
32 replies to this topic
#22
dTraderB
-
- Traders-Talk User
- 17,759 posts
Member
Posted 20 July 2023 - 09:50 AM
ES 4575 HEDGE LONG
new hedge long position
Prefer to hold all shorts & hedge until ...
new hedge long position
Prefer to hold all shorts & hedge until ...
#23
redfoliage2
-
- Traders-Talk User
- 18,073 posts
Member
Posted 20 July 2023 - 09:52 AM
Internals still very strong, so dips likely to be bought today .......................
Edited by redfoliage2, 20 July 2023 - 09:52 AM.
#24
12SPX
-
- Traders-Talk User
- 12,707 posts
Member
Posted 20 July 2023 - 09:53 AM
Oh d lets hope. Call options just won't give up this premium and I just saw a chart that showed put/call ratios at their lowest level since Dec/21 wow!!
#25
12SPX
-
- Traders-Talk User
- 12,707 posts
Member
Posted 20 July 2023 - 11:39 AM
keep checking with every pullback and shocked to see these calls still holding their premium, gotta say at least they're dedicated to failure lol!! For example the 4650 call that expires tomorrow started the day at $1.55 and is still holding with an ask price of .35 lol!!
#26
12SPX
-
- Traders-Talk User
- 12,707 posts
Member
Posted 20 July 2023 - 01:51 PM
Man only one day and an hour left and call premiums are still 3 to 1 higher priced in premium then puts. Good news for us sellers but wow....
#27
dTraderB
-
- Traders-Talk User
- 17,759 posts
Member
Posted 20 July 2023 - 02:34 PM
NQ 15575
Alerts di
sturbing my sleep!
Alerts di
sturbing my sleep!
ES 4575 HEDGE LONG
new hedge long position
Prefer to hold all shorts & hedge until ...
#28
dTraderB
-
- Traders-Talk User
- 17,759 posts
Member
Posted 21 July 2023 - 06:23 AM
James DePorre (@RevShark) tweeted at 3:45 PM on Fri, Jul 21, 2023:
Today is the largest July option expiry in history. There is over $2.3 trillion of notional options exposure expiring including $500 billion notional of single stock options" Also the $QQQ rebalancing takes place at the close.
(https://twitter.com/...2302363648?s=03)
Today is the largest July option expiry in history. There is over $2.3 trillion of notional options exposure expiring including $500 billion notional of single stock options" Also the $QQQ rebalancing takes place at the close.
(https://twitter.com/...2302363648?s=03)
#29
12SPX
-
- Traders-Talk User
- 12,707 posts
Member
Posted 21 July 2023 - 08:14 AM
Not surprising to see the pop today and on bad earnings by everyone lol!! However it is expiration and that is likely why. One thing I did though was finally add to my short to bring my average short up to a nice even 4500 so we'll see if this pop holds as call options are still holding their extremes.... Will be interesting at the end of the day to see where we are with expiration and the re-balancing of tech stocks!!
#30
redfoliage2
-
- Traders-Talk User
- 18,073 posts
Member
Posted 21 July 2023 - 09:10 AM
Not surprising to see the pop today and on bad earnings by everyone lol!! However it is expiration and that is likely why. One thing I did though was finally add to my short to bring my average short up to a nice even 4500 so we'll see if this pop holds as call options are still holding their extremes.... Will be interesting at the end of the day to see where we are with expiration and the re-balancing of tech stocks!!
Now with the settlement values for stock indices have been determined expect the market to go up from here ....................
Edited by redfoliage2, 21 July 2023 - 09:12 AM.
