58 replies to this topic

[12SPX]

Oh my this has been a fun night!!  I watched the open waited a few hours and before bed started selling the 6500 puts for massive premiums of $20 and they are now way off those levels!!  People were panicking like insanely lol!!  This is no crash worthy event I hate to say.  People have been to trained to expect markets to go only go one way, up up up and reality is finally setting in that volatility exists and will continue to exist for some time to come.  The best news is that once we get past this we'll likely start to see a bounce form.  I took profits while I typed this for $17.50 and will wait till the cash open to see which puts to sell from here!! 

[12SPX]

I sold the 6625 puts for $16.25 as I think the struggle is going to get interesting today as the market finds it way here and will likely be strong all day.  It's interesting that oil is below $100 now, going to be fun at least!!  Btw sure hope d is okay still no word....

[redfoliage2]

Deleted

Edited by redfoliage2, 09 March 2026 - 02:36 PM.

[redfoliage2]

Well, I went long ES at 6750, and we are likely to hear some positive reports within the next 24 hours.................

Edited by redfoliage2, 09 March 2026 - 02:40 PM.

[12SPX]

So funny, gotta love Trump, I was wondering when his comments were going to come out and boom there you go 40 minutes to you saw a 90 point move.  Whats interesting is that it has only been the past few years we have seen these kind of moves to the upside unless we had already corrected -10%.  We're barely off the top of the market and were seeing +1% moves higher, hate to say but that doesn't make for a healthy market!!  

[linrom1]

Where is dTraderB? I would like to see his take on this war and markets. 

[redfoliage2]

With the reversal from the last Nov. low, a major low we are likely to see SPX 6900 soon ............................

Edited by redfoliage2, 10 March 2026 - 08:44 AM.

[12SPX]

Sorry late reporting trades but you get the idea as it doesn't really matter with the market remaining in its volatile sideways action.  Wouldn't it be interesting if we just stayed in the range from November all the way to November.  There really is a possibility of that happening as there are so many questions out there about the Iran war, earnings, elections, economy etc all pulling the market in every direction.  If we could see a decisive break higher or lower the trend could change but for now it seems everyone wants to see this grind.  I know I like it as I sold the daily 6860 calls for $8 last night and this morning the daily 6725 puts for $11 as I'm assuming the sideways mush will continue until Trump says something lol!! 

[redfoliage2]

With the reversal from the last Nov. low, a major low we are likely to see SPX 6900 soon ............................

The reversal was made in ES overnight before the Monday's cash market open and so many may not be aware.  But I did post a note early Monday morning:

 

Posted Yesterday, 05:43 AM

ES made a reversal after it touched the low at 6570.85 made last Nov. 21 ...........................................................

Edited by redfoliage2, 10 March 2026 - 09:21 AM.

[12SPX]

Away for coffee but now that were moving up a bit I took profits on my calls for $4.75, letting the puts run a little longer