75 replies to this topic

[12SPX]

Look at that, what correction lol!!  Anyhow added to my daily 6920 short now averaging $18.70 and 6950 calls for $8.20, going to be an interesting day with econ data and earnings....

[12SPX]

Couldn't resist adding some more calls here so selling the 6960 calls for $4.60...  Has been quite the move, will volatility ever come back again its been 3 days lol!!! 

[12SPX]

This is getting interesting with another big push up so I'm adding again to the 6950 calls averaging $11.10 and the 6960 calls for $8.10 

[12SPX]

Well his is to bad out of my 6920 calls for a $20 point loss as I have to follow the rules.  Oh well 2 so far this year isn't bad overall!  Call premiums are through the roof once again of course but the most interesting thing I have noticed the past couple of years is how the market will slowly decline but then its like it moves higher faster as if its correcting lol!!

[12SPX]

Back now and this is turning out to be a bad day overall as all my trades have had to be bought back for a loss of $60 total...  It's going to take me a week to make this back but oh well.  Nonetheless with this move I'm starting an outright short build now at 7003 and above...

[12SPX]

Also selling tomorrow's daily 7025 calls for $10.10

[12SPX]

profit stop 7000 going into the close, sell above

[12SPX]

There we go out for 3 points profit and right at the close starting a short build at 7005

[12SPX]

Whew, hard to get up today as my wife wouldn't budge and was snoring so loud it was insane.  Anyhow still holding my overall short and will add if we move up enough but besides still holding my daily 7025 calls for $10.10, I sold the 3rd Friday expiration which is this Friday's expiration 7025's for a whopping $25.50 this morning.  We're currently sitting right at my Program numbers of 7000 for this expiration cycle on the ES so the next 3 days of trading will be interesting for options.  At the bottom of the correction a couple weeks ago my 7000's were trading at .85 so I took $11.15 profits and shockingly with only 3 days to go they have a premium again of $40 which is way overpriced as call options overall are seeing inflated premiums as everyone is hoping for the moon once again so will be interesting to see what happens in the next 3 days, considering nothing has changed in reality.

[12SPX]

Bringing my average short up to 7015 now, getting exciting