58 replies to this topic

[12SPX]

Taking profits on my sold 6725 puts for $9.30!! 

[redfoliage2]

Well, I just sold my ES positions at 6830 for a good profit as no ceasefire in the Middle East has taken place so far and this war more likely to last longer than many would like to see .........................

Edited by redfoliage2, 10 March 2026 - 12:02 PM.

[redfoliage2]

BTW, Crude oil price more likely to go higher from here till we see an actual ceasefire taking place there in the Middle East, and we may see ES to re-test the low made last Sunday night .............................

Edited by redfoliage2, 10 March 2026 - 12:46 PM.

[redfoliage2]

At this juncture I see the probability of a re-test of Sunday night low at ES 6570.85 is getting higher ................................

Edited by redfoliage2, 10 March 2026 - 03:02 PM.

[12SPX]

I did my trades overnight once again as I believe we'll stay in this sideways action with today's daily 6680 calls sold for $4.25 and the 6650 puts for $7.  Pretty wide and with the inflation data out this morning I'll likely add to both with rogue trades or just take profits.  The most interesting thing is that oil has come way off highs but stocks aren't really moving higher which is interesting.  Should be another fun day for sure. 

[12SPX]

Whoops made an error, those were 6880 calls, there is no way those would be $4.25.  With the pop higher I sold the 6840 for $5.10 will be interesting to see if we hold up here or not

[redfoliage2]

At this juncture I see the probability of a re-test of Sunday night low at ES 6570.85 is getting higher ................................

BTW, with the Middle East war going on I only feel comfortable with day trading as bear attacks usually take place at night ........................... 

Edited by redfoliage2, 11 March 2026 - 01:44 PM.

[12SPX]

Exactly and why this morning I just sold the daily 6650 puts for $7.10 and even did the 6675 puts for $10.10 for a trade into the cash open.  Getting to be fun again as the market is building for a flush but most likely eventually just a retest of lows. 

[12SPX]

One thing I am still worried about is that bond yields keep rising on inflation worries and there is more talk about credit problems which I think is more of the reason the market is lower....

[jacek]

Yes, bonds have traded almost exactly inverse to crude.