58 replies to this topic

[redfoliage2]

Today the stock market rises with crude oil slightly down and tech sectors up on the reports that Iran may have approached the U.S. about ending the conflict.............

Edited by redfoliage2, 04 March 2026 - 02:21 PM.

[redfoliage2]

Today the stock market rises with crude oil slightly down and tech sectors up on the reports that Iran may have approached the U.S. about ending the conflict.............

Well, now it looks just a good wish as Hegseth says the war on Iran just getting started
https://www.cbsnews....udeid-targeted/

So crude oil price resumes moving up tonight................

Edited by redfoliage2, 04 March 2026 - 10:51 PM.

[12SPX]

Sorry never reported yesterday and these won't technically count as they weren't posted but I did sell the daily 6700 puts for an average $6.54 the night before and the 6740 puts first thing in the morning for an average $6.34 and when the market rallied I sold the 6900 calls for an average $4.50.  In total it ended up being a $51.39 day.  Last night I sold the 6930 calls for $6.14 on average, nicely profitable this morning.  The market tanked a few minutes later so I sold one of the 6740 puts for $4.10.  Wake up this morning and were flat again.  The market has the feeling that that is what is going to happen today unless we move a bit on economic data out later on.  Volatility is the key so will likely be another interesting day!!  The board is very quiet no one is talking about anything, guess everyone is sad lol!! 

[12SPX]

Did some day tradiing here with options lol!!  Sold the daily 6900 calls for $5.10 and bought them back for a $2.20 profit!!  Hope to do it a few times today!! 

[12SPX]

So exciting, got them for $6.20 this time profit stopping already!! 

[12SPX]

and out for another $2.20 profit.  Lets see if we can get $6.50 this time on any move up...

[redfoliage2]

Well, the stock market shrugged off the overnight rising in crude price with traders coming in buying the opening dip.  We are likely to see SPX 6950 next .............................

Edited by redfoliage2, 05 March 2026 - 10:13 AM.

[12SPX]

Rats guess I should have kept them on lol!! 

[redfoliage2]

Well, the stock market shrugged off the overnight rising in crude price with traders coming in buying the opening dip.  We are likely to see SPX 6950 next .............................

It should be 6905, the 50 DMA ..........................

[redfoliage2]

As I said a couple days ago ST this market is just a news-driven market.  Currently it's absorbed enough bad news and is set up in conditions pending a reversal.  Tomorrow looks a perfect day for it .....................

Edited by redfoliage2, 05 March 2026 - 03:00 PM.