44 replies to this topic

[12SPX]

Taking profits on the sold daily 7750 calls for a $5.10 profit before the cash open, looking for a resell....

[redfoliage2]

Todays bounce looks a sell to me .

Edited by redfoliage2, 27 August 2026 - 10:04 AM.

[12SPX]

Getting exciting as we resold the daily 7750 calls for $4.10

[12SPX]

Well getting very exciting as I sold tomorrow's daily 7800 calls for $4.10 and with this little pullback took profits on the resold 7750 calls for $1 as were so close with 2 hours to go....

[redfoliage2]

At this juncture I see a big pullback is in the cards for Sept if the inflation remains sticky above 3% and the Fed still sees to bring down the sticky inflation to 2% as its top priority..

Edited by redfoliage2, 27 August 2026 - 01:23 PM.

[redfoliage2]

BTW, I see the Ponzi game nvda is relying on for selling its products not going to last much longer

Edited by redfoliage2, 27 August 2026 - 01:30 PM.

[12SPX]

Still holding today's 7800 calls for $4.10 but for a trade because I don't mind starting to build a short there I'm selling the 7700 calls for $10!! 

[12SPX]

Took profits for $2.50 on the daily 7770 calls!!  We'll see what the new Fed chair has to say and then maybe sell a bit higher.  Going to be exciting!! 

[redfoliage2]

Today at the Jackson Hole conference the Federal Reserve Chairman Kevin Warsh stated that the central banks predominant focus right now should be on prices, warning that policymakers "have work to do" via possible interest rate hikes if inflation does not continue to move clearly and quickly toward their 2% target. I see the yields for T-bonds likely to stay elevated. This is not bullish for the stock market.

Edited by redfoliage2, 28 August 2026 - 10:30 AM.

[redfoliage2]

VST the market is in extremely over bought conditions

Edited by redfoliage2, 28 August 2026 - 10:42 AM.