Awwwww I almost miss day trading, profit stop 7009 sell above
Trading
Started by
12SPX
, Apr 07 2026 08:41 AM
75 replies to this topic
#52
12SPX
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Posted 15 April 2026 - 08:48 AM
And boom out for a profit of 6 points and starting my short build again at 7010. Maybe only going to take a day of this to make back my credit loss lol!!
#53
12SPX
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Posted 15 April 2026 - 09:01 AM
The nice thing about selling calls with the market up this much is if they do get assigned it just adds to my short so we'll see how today turns out, so much fun!!
#54
12SPX
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Posted 15 April 2026 - 09:19 AM
Selling the daily 7040 calls for $4.10. This could end up being the best short set up in the end lol!!
#55
redfoliage2
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Posted 15 April 2026 - 10:24 AM
The market is now extremely over-bought, I'd not be surprised to see some profit taking at this place here either in the afternoon or tomorrow morning ...............................
Edited by redfoliage2, 15 April 2026 - 10:31 AM.
#56
redfoliage2
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Posted 15 April 2026 - 11:08 AM
The market is now extremely over-bought, I'd not be surprised to see some profit taking at this place here either in the afternoon or tomorrow morning ...............................
Buy low and sell high is the only way to make money on the market. BTW, I sold monthly ES out of the money calls today ..........................
Edited by redfoliage2, 15 April 2026 - 11:11 AM.
#57
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Posted 15 April 2026 - 12:02 PM
Nice, I know I'm starting to leg into the May cycle also. Did buy back the sold 7025 calls for a $2 profit, still holding the 7040's
#58
redfoliage2
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Posted 15 April 2026 - 12:21 PM
Look at the big banks such as JPM and GS that got sold today as soon as they reported regardless what they reported. This is a red flag indicating the market is at a high for sell .....................
Edited by redfoliage2, 15 April 2026 - 12:24 PM.
#59
12SPX
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Posted 15 April 2026 - 03:06 PM
And there we go, new all times highs, such a healthy market!! 7040 calls went off the board and assigned so now I have an average short of 7025 and selling tomorrow's daily ES calls at 7080 for $10.
#60
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Posted 16 April 2026 - 07:49 AM
Don't think I have ever seen a market take off this far so fast unless it was a massive -20% bottom and this was just a normal correctoion. Still don't believe this is healthy though and sticking to my big picture view that volatility will return so overnight I added some more sold daily 7100 calls for $5.50. Still holding the daily 7080 calls for $10 as they are part of my overall short plan if they are assigned and Friday's 7025 calls for $25.50. Can't and won't sell any puts yet as they are worthless even close in as calls are priced to the moon. Anyhow, as we move into expiration tomorrow its going to be very interesting to see how we close out here!!
