sold my two YINN 03/25 4.5c. one for $0.70 and the other for $0.75. very fortunate not to get filled yesterday
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Sold @ open for .65 nice little profit.
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DAMN! Congrats!!
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Cut my YINN calls for 80% still holding shares and cut KWEB for 20% averaged down on MARPS, bought +5 FXI 34c 3/25.
Still holding PDD, previous FXI 30c, which I’ve holding for more of a recovery since last week. Still holding +2 Deck 300c, rolled my 350c to 300 as an average down on yesterdays dip.
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SPY could see a big dip here. SPY is pretty sideways but VIX is going up. That’s not a good sign for SPY upwards at least short term
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Picked up +2 YINN 3/25 6c. We have may have plenty of upside left here. YINN seems to be lagging back when you look at BABA
YINN is a leveraged ETF that follows RXI as a top holding, which includes BABA among other Chinese large caps. Hang Seng Index and Hang Seng Tech Index closed pretty high yesterday as well. Not stressing over this just $20 in premium to put my money where my mouth is and test my theory here based on what I’ve been watching the past few trading sessions.
Also averaged down on FXI 3/25 calls.
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Put in a limit buy for spy 440p 3/23 because SPY RSI 5 min is stupid overextended and I see a pullback. RSI hasn’t been a clear indicator of reversals but when it’s this overextended, it’s going to pullback
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Yeah RSI, holy moly… I was just thinking a test of $450 could be an entry for a put. More of a gut feeling than TA though… Trying to formulate this from a gamble into a calculated entry…
I got my 440p 3/23 filled @0.45. I’m down to average down if needed
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I’m currently looking at SPY puts if we get a clear rejection at 450.
I am looking @ 440p 4/1’s if it does drop to 3.00 3.10 range or lower **(looking at these as a scalp)
*** EDIT - Never got filled - Moving on to other plays for now
**** changed my mind again - put in bids for 3.05 - if it fills it fills. - Got Filled - Now to See if JPOW can help me out
Looking to cut my spy put at 448.5ish. Might let it run more if I see some volume on the sells
Took profit on spy puts anticipating a bounce off the trend, ill reposition if it breaks down below
Looking at SPY puts round 2 electric boogaloo if we get a clear rejection from this level
I avged down twice on my puts. Hopefully I don’t have to avg down anymore
Spy currently looking like a down wedge on the 1m, formed a very sloppy head and shoulders as well.
TSLA approaching the 21 EMA which it has bounced off multiple times. Could be a call buy around here. Also support at 940 so could also bounce off that level too
Spy head and shoulders completing atm
SPY stuck in no mans land and I expect a dip, but I’m not going to play puts. I’d rather just play with the trend which are calls. I’m most likely going to start a call position at 447.5 but I’m really looking for the bounce to happen around 447. 447-447.5 is where the last consolidation was today, 50 MA on 5 min and 8 EMA on the 1 hour (which spy has respected well during this rally). As always, I’m looking to sell my calls after a 20% gain or at 449, whatever happens first
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Took a couple of 4/1 UVXY 15c in anticipation of volatility after JPow speaks tomorrow.
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