Could it be that this 3 day rally is over and were back to volatility? Interesting that Iran said there was a deal but the market is barely up. Overnight we sold the daily 7800 calls for $5.10 as I don't mind going outright short there and would love to be assigned as I still think volatility is coming back. A healthy market stair steps up, straight up markets usually fall right back down again so we'll see....Going to be a fun day for sure....
Are we back to volatility
Started by
12SPX
, Aug 06 2026 07:51 AM
24 replies to this topic
#2
andr99
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Posted 06 August 2026 - 09:14 AM
mid August short term top and start of a short term correction, then when it's over, resumption of the bull's trend. My own guess.
Edited by andr99, 06 August 2026 - 09:14 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#3
12SPX
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Posted 06 August 2026 - 09:35 AM
We agree on that for sure as I still think volatility will reign. To me this was just a two day event to draw people in thinking were just off to the races. As I said, healthy markets move up through stair step advances when your near highs. I get straight up moves from a 10 or 20% down move but moving +6% in 4 days when your only down -3.5% is really not justified. Either way in the end it will be interesting to see how it turns out.....
#4
redfoliage2
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Posted 06 August 2026 - 09:40 AM
Iran and the US say they're close to a deal on the Strait of Hormuz
https://www.9news.co...d8-c74d6c816d5d
Edited by redfoliage2, 06 August 2026 - 09:43 AM.
#5
12SPX
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Posted 06 August 2026 - 10:21 AM
Taking profits on the sold 7800 calls for $4.80!!
#6
12SPX
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Posted 07 August 2026 - 07:56 AM
Whew, -23,000 for employment. Futures have spiked up now so I just sold the daily 7800 calls for a nice even $10 as hopes for an interest rate increase have dwindled,,,,,, for now lol!
#7
12SPX
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Posted 07 August 2026 - 08:15 AM
Can't resist taking $5.10 profits in 20 minutes as we approach the cash open lol!! Interesting the market is falling back a bit as interest rates aren't moving that much lower in yield
#8
redfoliage2
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Posted 07 August 2026 - 08:57 AM
Easy money for bulls has been made as SPX made new highs in the past few days thanks to the Treasury big hands intervention of currency/bond trades, and the presidential calls that a deal with Iran was very close, etc. etc...... Now it's time to sell on bounces ............................
Edited by redfoliage2, 07 August 2026 - 09:06 AM.
#9
redfoliage2
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Posted 07 August 2026 - 09:21 AM
Easy money for bulls has been made as SPX made new highs in the past few days thanks to the Treasury big hands intervention of currency/bond trades, and the presidential calls that a deal with Iran was very close, etc. etc...... Now it's time to sell on bounces ............................
So, the stock market valuation issue just getting worse as the Buffett indicator reaches to 230%, and long-term market valuation indicators see SPX 7700 at over 116 to 207% above baseline fair value .......................
Edited by redfoliage2, 07 August 2026 - 09:23 AM.
#10
12SPX
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Posted 07 August 2026 - 10:03 AM
Interesting, I think with this pop up I'm going to start selling Monday's 7820 calls for $7 and add to it if we go higher here!!!
