Critical Week ahead: Inflation report, Earnings season begin, China COVID outbreak...

Basically took yesterday off as summer has finally come here and the market is in grind mode anyhow with summer volume it going no where fast.  Did a couple shorts around the 3870 level for a couple 5 point moves but mostly watched my premium erode away on the July 4020 calls and August calls I sold last week posted on here.  Don't expect much of a change but glad to see the bearishness today as my pajama traders filled me overnight with a nice rogue 3825 long trade, profit stop 3830 going into the cash open.  Everyone knows I like my rogue trades lol!!  Think to many people are calling for crashes and new lows and during an expiration week I think that will be tough.  My expiration numbers are still indicating we'll be above 3700 by Friday anyhow but my try to resell the July 3700 put at $10 overnight didn't get filled so I might start looking at August!!  Like the bounce off the lows this morning we'll see if it follows through or not...

profit stop 3835 and took profits on my sold 4020 July calls for a nice $9.20 as the market prepares for the inflation report tomorrow. 

Really nice pop for a crashing market, profit stop 3855....

Gonna go crazy here since its such a nice pop up, profit stop 3865....

been watching TT for a year now and gotta say i'm pretty impressed with many of your calls 12spx, Your definitely pretty dialed in on the market movement. love your rogue calls...you often have a days profits within the opening hours of the day. 

And out for a nice 40 point profit....

That was a nice little drop, starting a long build at 3845 once again...

There we go, profit stop 3846, buy below...

It looks that Mr. Market thinks CPI data out tomorrow not going to be as bad as bears like to see ........................

Edited by redfoliage2, 12 July 2022 - 09:30 AM.

Hmmmmm out for 1 point, likely should've waited as volume is drying up, hopefully get lower.....