111 replies to this topic

[12SPX]

Sell sell sell, SP500 down -.05% this morning, will it ever recover??  Just kidding of course but I do believe its getting stretched here on thinner and thinner volume!!  Earnings have been great in tech and that is what this entire rally has been on.  Call prices are insanely priced with even the put/call ratio at its lowest level in a year.  Just waiting for the trigger that we'll see volatility once again as I would love to be able to sell both sides.  This morning I took profits of $6.60 on overnight exuberance and just sold the daily 7410 for $5.20 where if I have to will start to build a short...

[12SPX]

Whew it recovered, added to the 7410 now averaging $7.45!! 

[redfoliage2]

NACHO again?

Trump takes sharp turn toward ending Iran war

 

Regardless TACO or NACHO it just remains a stalemate.  But this market has priced in for a favorable result that may not be realized any time soon as the proposal from either side is unlikely to be mutually accepted, it just  keeps the Strait of Hormuz blocked while the world economy suffering.  The reality is I had to pay 10% more than what I paid last week regardless what beautiful stories were fed to the market ...........................

Edited by redfoliage2, 07 May 2026 - 10:58 AM.

[redfoliage2]

It may not crash yet but it's definitely a great time to lock up profit at this level .............................

Edited by redfoliage2, 07 May 2026 - 11:01 AM.

[12SPX]

Oh my we went red again what the heck lol!!  Took profits on the 7410's for $5.65

[redfoliage2]

 

NACHO again?

Trump takes sharp turn toward ending Iran war

 

Regardless TACO or NACHO it just remains a stalemate.  But this market has priced in for a favorable result that may not be realized any time soon as the proposal from either side is unlikely to be mutually accepted, it just  keeps the Strait of Hormuz blocked while the world economy suffering.  The reality is I had to pay 10% more than what I paid last week regardless what beautiful stories were fed to the market ...........................

 

Edited:

"The reality is I had to pay 10% more at the pump than what I paid last week regardless whatever beautiful stories were fed to the market .........."

[steadyquest]

Vix remains down for the day and doesn't appear too concerned about the price action.

[12SPX]

Starting a daily sell at the 7430 level for $4.30 before the unemployment report and will add to it if we pop more here as this bounce is very interesting considering oil is flat to up once again and bonds remain near high recent yields.

[12SPX]

Going crazy here adding the daily 7420 calls for $7.50 as the report was much bigger than expected but futures aren't popping much

[12SPX]

Going into the final hour taking profit on the daily 7420's for $4 profit.