115 replies to this topic

[12SPX]

Matter of fact lets go crazy, profit stop 4700, $19, 4775 $15 and 4800 $9.00 will sell higher maybe we'll see!! 

[12SPX]

Profit stop 4700, $18, 4775 $10 and 4800 $5...

[12SPX]

profit stop 4700 $15...

[steadyquest]

[12SPX]

Out for a nice $6 profit on my cycles 4700 calls for $6.00.  Out on my sold 4775 for a nice $12 profit and holding the 4800 still and my January's are already looking amazing!!! 

[12SPX]

Can't resist can't believe there is still premium here, selling the Dec 4775 once again for $11 to start...Moving my stop back up on the sold 4800 for $9....

[redfoliage2]

The sudden drop likely due to rotating out of expiring contracts.  But they are likely to come back soon.............................

Edited by redfoliage2, 14 December 2023 - 02:53 PM.

[12SPX]

Okay let me explain about what to much exuberance is.  The S&P is up about +15% from its lows only about a month ago with six straight up days, 7 straight up weeks and the 4775 calls expire tomorrow at the close about roughly +1.3% to go in one day and its still trading over $10, wow just gotta say wow.  Even the 4800 calls are around $5 still!!  One dip overnight and boom these options will be worthless....I've been selling options for 35 years and I don't think ever before have I seen call prices up this much after a rally.  The market now seems to correct up as bad as it used to go down!!

[redfoliage2]

Edited

Edited by redfoliage2, 14 December 2023 - 04:10 PM.

[dTraderB]

"Here are key developments that could provide more direction to markets on Friday:
China retail sales, unemployment, house prices, business investment, industrial production (November)
Japan flash PMIs (December)
Australia flash PMIs (December)"