Extreme ST Euphoria - pullback then APRIL IT HIGH

Well this is fun, doubling down on my sold April 4050 calls to bring the average sell up to an even $30!! 

Is so boring I know chief, not up very much for the year and sitting with a massive risk factor lol!  Nonetheless the good news is I just got my short to 4002.  Just waiting patiently for my biden=volatility to kick in.  Also added to my 4100 April calls to bring my average sell up to $10.25, 4150 calls $4.00 and took profits on my sold 3500 April puts for a nice even $10.  Calls are super rich in price indicating bullishness through the roof.  Gonna be an interesting week for sure....

.>not up very much for the year and sitting with massive risk factor<    really?.....this is the most risk free mkt ive ever seen....es up 420  handles since jan    .how much of that did u pocket

Edited by da_cheif, 05 April 2021 - 09:56 AM.

You know I've debated posting this or not as I don't like attacking people cause I believe we all need to respect each others opinions no matter what they are but when I get attacked from a person who never posts real time really......Thank goodness we like the same cars lol!!!  Sometimes I wonder if your in a dreamland as you see my posts.  First off as posted here, I'm now on my 12th month of only seeing profits on day trading all posted here and I'm running well over 2 years with selling options lol!  Since January I'd likely say I've pulled in double that cause I trade both up and down lol!!  biden = volatility!  Btw the S&P is only up a little over 300 points since January lol!  I've only posted a few here to help teach people another way of trading.  As I said at the start of this cycle the 4050 trade is higher risk, main trades at the 4100 and 4150 level.  Puts saw nearly full profits!  So with sentiment at extreme levels, most overvalued market in history, stocks over their 20,50 dma at 90% and 200 at 97%, bond yields back to levels before Corona, volume continuing to fall, margin levels hitting new highs and insiders selling their stock hand over fist you say this is the most "risk free market ever seen".  OMG You and I have been around a lot of years and I've hit some pretty good times in the market when a correction was coming.  Just last year I was saying we were due for a decent correction February "before," it happened and we saw it whereas you only mentioned it well after the fact, so don't think you should be making comments.  Until you start making real time comments on where the market is headed you need to start respecting other peoples comments.   Pretty easy to make comments after the fact lol!!   Lets see how the week goes, this Wednesday is your www we'll see how that goes although hasn't been very accurate the last few years as more and more option series have been introduced! 

VIX telling, this is a sell .........................

Edited by redfoliage2, 05 April 2021 - 10:59 AM.

VIX telling, this is a sell .........................

Ya very interesting that the Vix is up with the market up so much, guess lots of insurance is being bought lol!  Couldn't resist though average short now 4011, refuse to take a loss I'll sit on it till June if need be lol!!! 

Internals down and VIX up on a huge up day.  What a joke. Maybe just a delayed April Fool's day......................

Edited by redfoliage2, 05 April 2021 - 11:20 AM.

Huh!

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Posted 11 March 2021 - 09:00 PM

12SPX, on 11 Mar 2021 - 3:19 PM, said:

Still after the fact, wasn't put up here in September that I saw but what it's telling me is that this is likely the top and there is some gaps that need to be filled. 

glad to hear it .......watch the sky 4050 es march or 4040 june coming.....a freebie  

Patiently waiting lol!  One live trade in years and it was wrong btw lol!  Finished the March contract at 3912..62 on 3/19 and never even made it to 4050 before hand.  My point is this is "traders talk" "not after the fact talk" and for sure not "attack talk" especially if you don't put up live comments.  Everyone just needs to respect everyone's comments as that will help to build the board instead of make people want to quit. Mr. Dev is a great example.  It's ok to make jokes or raz people a bit but in the end I've found being positive in life gets you a lot further in life. 

ROFL and his comment about being positive into March opex was another bust, LOL

Decided to add some more since we rallied further yesterday and the pullback is back to par again, average short 4018 and added to my April 4100 calls to bring that to an average of $15.50!!