SPY fib levels. I’m looking at the 0.382 to 0.5 retracement to re-enter puts. That would be in the 388 area which I like to see. We might only backtest to 385, but because we ran down so much, I expect a bit bigger pullback. I personally think we at least go down to the gap fill from 381 to 378
1 Like
took one TSLA 600p
I’m selling that shit
jk I’m not a pussy, in jpow we don’t trust
2 Likes
Sold all my puts - not saying it won’t drop more, but profit was enough for me to take
Might look to get back in on the last 5 mins - depending on how things look
2 Likes
Got the following:
TELL Commons @ $3.25 ea
TELL 8/19 3C @ $0.64 ea
Based on: $TELL - US natural gas export play - #15 by The_Ni
XLE 8/19 75C @ $5.25 ea
Based on: OIL - Futures & ETFs Discussion - #90 by The_Ni
Was planning on USO calls but broker said “nah”
BBBY 7/1 5P @ $0.25 ea, because they turned off the A/C in their stores so they don’t go bankrupt. This will probably not end well.
5 Likes
sold my UPST put for 378% <:pepecelebrate:899174757969317898>
2 Likes
382c Spy Fd looking for a quick scalp
Exited this at $4.50. EIA report is making XLE tank.
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out of the 382c -10% <:pepecry:899174773110763530>
averaged down on my 7/1 spy 360p
Out for a 6% loss. The coupling with oil is too strong. Will hold the options as it’s a small position.
1 Like
Playing with NIO 7/1 22.50 Puts - (pure gamble) Decay could kill this fast
Got the idea from the Options Bot - Discord
Put in orders to Sell cover puts on Labu $6.50’s @ .30 (if they fill) breakeven (assignment) @ 6.22
A fair risk - but if it goes sour I think it is easy enough to recover on the wheel EDIT - decided to change it to.25 (got fills)
1 Like
sold my 370p for 65%
took a Tesla 750c in honor of swole, me exp
took 1 370p 7/1 in hopes that opex fudges things up tmrw
ETAC is an optionable spac that had an extension meeting on Tuesday. We don’t know the redemptions yet but it’s something to keep a lookout for. High redemptions (96%+) (Max 2.4 million float) would probably pump as it’s comparable to ESSC/THCA. Anything less than 96% and it’s most likely gonna end up a dud like ALTU. Also ETAC already has a DA so redemptions might not be as high as we would like.
sold my 370p for 70%
Sold this one @ 4%