111 replies to this topic

[redfoliage2]

Both SPX and VIX up today, a red flag here if you are long.  I'd not hold any longs over this weekend ...........................

Edited by redfoliage2, 08 May 2026 - 02:12 PM.

[12SPX]

Ya at the close I sold next Wednesday's daily 7470 for $15.10, could be interesting...

[pdx5]

As I posted here, I loaded up on SPX when in was between 6300 and 6700. 

Should I take profit or not? Anybody has advice for me??

[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 ...........................

 

No progress made in the Middle East over the weekend with Iran still saying the current US peace proposal not acceptable and insisting on the terms they proposed .......................... 

Edited by redfoliage2, 11 May 2026 - 09:05 AM.

[redfoliage2]

Will this 2.6 trillion bubble burst anytime soon?

S&P call options trading volume hits a record high of $2.6 trillion: the hidden risk of a market crash behind the frenzied betting. | PANews

Edited by redfoliage2, 11 May 2026 - 09:38 AM.

[redfoliage2]

Will this 2.6 trillion bubble burst anytime soon?

S&P call options trading volume hits a record high of $2.6 trillion: the hidden risk of a market crash behind the frenzied betting. | PANews

I bet we are going to see the reckoning time soon .............................

Edited by redfoliage2, 11 May 2026 - 01:43 PM.

[redfoliage2]

 

Will this 2.6 trillion bubble burst anytime soon?

S&P call options trading volume hits a record high of $2.6 trillion: the hidden risk of a market crash behind the frenzied betting. | PANews

I bet we are going to see the reckoning time soon .............................

 

BTW, VIX and SPX moving in the same direction again today......................

Edited by redfoliage2, 11 May 2026 - 01:55 PM.

[redfoliage2]

If bulls unable to hold the breakout line at SPX 7400 they are done.  Let's see ..............................

Edited by redfoliage2, 11 May 2026 - 02:10 PM.

[12SPX]

Still hanging onto the sold Wednesday 7470 calls that I put on Friday with a price of $15.10 and they are still hanging onto a price of $5.  Nice profit there but calls are way overdone here and pricey as red has also pointed out.  The market is seriously overbought, overdone and needs to pull back to remain healthy!   There is still a massive gap up that also needs to be filled and I wouldn't doubt it will in time.  Healthy markets take breathers and this one is not anymore so we'll see.  Btw pdx I would for sure at least take some off as another problem is rising bond yields once again as that eventually will also start putting pressure on stocks!!  I also sold the 7450 calls that expire tomorrow also for $10.10 after the market decided to ignore the inflation data.  Most important thing is its going to be fun....

[redfoliage2]

President Trump is leaving for a state visit to China today according as reported by US and China media.  It's said US-China trade and Iran war are among the main topics for Trump's state visit.  

 

Trump heads to China for state visit. And, how the war in Iran has affected inflation | WRVO Public Media

Edited by redfoliage2, 12 May 2026 - 01:01 PM.