Idk what’s going on with BYND but sold my put for 80%, gonna keep an eye on it to see what’s up and maybe re enter again
took a shop 250p here
guess I just average down here ?
Sold my Tesla put for 80% fuck this gay ass market
Watching #ride Lordstown Motors for a scalp - could have already peaked -
as @TheMadBeaker pointed out - Huge Cash infusion due to the FoxConn deal
SPY put position from 394 isn’t bad. SPY is overextended on indicators right now and esp on the 1 min. I’m looking for a rejection off 394.88, but 394 was also a strong resistance so it’s not a bad starting level. I would look to sell at like 392-391.5 for a scalp and if you’re confident in puts, just hold but I wouldn’t personally.
Started SPY 07/15 380p at 13.74
Just a reminder that all these ARKK stocks that are up 20% today are still DOWN 30% compared to last week.
Make sure you’re looking at the big picture and not today’s move in a vacuum
Anyone who did this should consider cutting at either 394, 393.26 or 392.5
Got a Tesla put and averaged down on Amazon one more time
Got my Disney put average down to .38 from 1.16
added 10 VET dec 20c leaps at 3.50
Bought spy puts here, looking at a bounce off this resistance trend line
Sold some BYND 17 Jun 25/30c credit spreads at 2.25. Decent risk/reward with some time to play out I reckon
Took some LFLY June 7.5ps at $.55 . Only reason this hasn’t cratered is because it’s a low float.
Took profits on 1/2 of this spy position here. +30%
Cut another 1/4 of spy puts position here. +56%
Going to let the rest run down to 387 and see if we break through.
These sold off based on my limits while I was at lunch - for 10.50 little under 10% return
Will be looking to enter SPY strangles again tomorrow. Probably around 10:15am.
Volatility is crazy. Vix is holding 32 over.
I plan to keep entering strangles, 2weeks out, to possibly catch any sudden flush or quick rally unforeseen.
These next few weeks might be key.
so just so i understand this strategy, your buying a put and a call same exp date, different strike price, waiting for a time when stock and IV go up and sell the call and waiting for a time the stock goes down and IV goes up and sell put?