Took profits on the daily 7680 calls for $.65 as the market went through there earlier on. Maybe sell a little further out later on we'll see....
September 3rd Friday expiration
Started by
12SPX
, Aug 24 2026 09:04 AM
44 replies to this topic
#32
redfoliage2
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Posted 02 September 2026 - 11:54 AM
With the T bond yields staying high and crude price going up the chance for the Fed to hike at the coming Sept meeting is increasing. The stock market valuations too high to maintain in this environment. So bounces at this juncture likely to be sold.
Edited by redfoliage2, 02 September 2026 - 11:55 AM.
#33
redfoliage2
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#34
redfoliage2
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Posted 02 September 2026 - 03:27 PM
Well, today bulls got the SPX key support at the 30 day MA secured, and so the bounce may continue for another day tomorrow.
Edited by redfoliage2, 02 September 2026 - 03:33 PM.
#35
12SPX
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Posted 03 September 2026 - 07:54 AM
Okay with Wallers no hike comment and a little spike up were reselling the 7720 calls for $4.30. We sold them overnight and took profits for $3 just before economic data came out. Lets see how the cash market opens
#36
12SPX
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Posted 03 September 2026 - 10:24 AM
Didn't hit post again arg!! With the extra pop did add to the 7720's and now averaging $5.40 and sitting and waiting. Inbetween it all actually went outright short at 7725 and pulled in an extra 15 points. Market is now getting to place where volatility will really start picking up as we are closer to highs than lows here. Anyhow we got profit stopped out for $.40 on the daily 7720's and with this pop up we sold the 7750 calls now for $7.20 as I don't mind going short there at the end of the day if need be...
#37
12SPX
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Posted 03 September 2026 - 02:57 PM
Taking profits on the sold 7750 calls for a $2 profit bringing today's premium take to $5.40 total. Very strange rally with the big employment report out tomorrow for sure
#38
12SPX
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Posted 03 September 2026 - 03:13 PM
Right at the close I sold tomorrows daily 7800 calls for $4 as this push made no sense
#39
redfoliage2
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Posted 04 September 2026 - 12:01 PM
Well, today bulls got the SPX key support at the 30 day MA secured, and so the bounce may continue for another day tomorrow.
Todays dip likely to be bought and the bounce is to continue next week ..
#40
redfoliage2
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Posted 04 September 2026 - 12:03 PM
Well, today bulls got the SPX key support at the 30 day MA secured, and so the bounce may continue for another day tomorrow.
Todays dip likely to be bought .
Edited by redfoliage2, 04 September 2026 - 12:11 PM.
