54 replies to this topic

[andr99]

To me it appears that volatility will remain as we make our way through July for this expiration cycle at least so last night with the futures open I sold the daily ES 7600 calls for $5 and they're looking decent this morning as we go into the cash open. 

 

don't worry about volatility, my friend. Starting from November it will be over.......4 months from now. 

Edited by andr99, 08 July 2026 - 06:49 AM.

[12SPX]

Looks like another fun day starting!!  Last night I sold the 7590 calls for $4.10 and waiting to sell puts this morning after the cash open! 

[12SPX]

 

To me it appears that volatility will remain as we make our way through July for this expiration cycle at least so last night with the futures open I sold the daily ES 7600 calls for $5 and they're looking decent this morning as we go into the cash open. 

 

don't worry about volatility, my friend. Starting from November it will be over.......4 months from now. 

 

Yay that means it will be easier to make money selling options lol!! 

[redfoliage2]

With yesterday's gap up and today's gap down an Island top formed in both NDX and SPX.  I see bounces likely to be sold ............................

With the Island top confirmed NDX and SPX likely to go down to test the lower boundary of the range: 28500 for NDX and SPX 7300 ..............................

Edited by redfoliage2, 08 July 2026 - 08:57 AM.

[12SPX]

Taking profits on the sold 7440 puts for a nice $3.20 profit, lets see what happens by the close

[redfoliage2]

With the yield for 10Y T-bond up above 4.5% and the yield for 30Y up above 5% this intra-day bounce likely to be sold ...............................

Edited by redfoliage2, 08 July 2026 - 12:41 PM.

[redfoliage2]

Crude oil price up nearly 5% so far today as the US-Iran truce collapsed. Speaking at the NATO summit in Ankara, President Trump characterized further negotiations as a "waste of time" and signaled an end to the memorandum of understanding signed in June ...........................................

Edited by redfoliage2, 08 July 2026 - 01:06 PM.

[redfoliage2]

https://www.bbc.com/...ve/c17y1vnn2qxt

[redfoliage2]

It's likely global stock markets and the US index futures get sold overnight as crude oil price reversed up from the recent low ...............................

Edited by redfoliage2, 08 July 2026 - 02:13 PM.

[12SPX]

Slow morning, after economic data came out I sold the 7580 calls for $5.10.  Anyone notice how the bond yields are creeping up wow!!