83 replies to this topic

[12SPX]

Now back to green and out for a $7 profit.  Since were on the money think I'll go a little more out and sell the daily 6160 for $4.10 with hours to go....getting exciting....

[redfoliage2]

With the 10Y T-bond yield and USD going lower today I see the market is likely going higher in the afternoon .................... 

[12SPX]

Getting exciting, should have hung into the 6150 calls but the 6160 is good.  Profit stop 6142 sell higher for going into the weekend....

[12SPX]

profit stop 6140 sell above

[12SPX]

Taking profits on the 6160 calls also for $3.50 profits, lets see if both the 6150 and 6160 end the day with any value!! 

[12SPX]

Okay out for a 3 point profit and starting a new short build at 6140.  Sorry a little delayed but busy with other stuff won't be back till near the close...

[redfoliage2]

Well, it looks the Street is in selling mode at this juncture,  Likely their EOM selling starting one day earlier.   I'm out  ..................

Edited by redfoliage2, 24 January 2025 - 02:26 PM.

[redfoliage2]

Well, it looks the Street is in selling mode at this juncture,  Likely their EOM selling starting one day earlier.   I'm out  ..................

This looks the pension funds EOM rebalancing selling has started today as the market has run up for six consecutive days to a price too good to be missed for their rebalancing program.  I see more selling next Monday ..................

Edited by redfoliage2, 24 January 2025 - 02:59 PM.

[12SPX]

I'm back and out for a 15 point profit!!  Hoping for a rally into the close to build a new short...

[12SPX]

Btw, the 6150 calls are now trading at .30 cents and the 6160's .10, should have hung on...