I dunno! Seems Mr. Market is voting on 2719.50.......... So close! (for a minute.....) 1439 ET, SPX at 2724.00
Whoever picked 2719.50 won the pint. ("Beeeer-rrrrrrrr.") 2717.75 at the close. Sheeesh! Oh, well. Sold 2790/2800 for Friday, at 35¢: bought back the shorts for 20¢. Sold the 2670/60s spread for 50¢ at a -0.09 vol; it's currently 93¢?? and -0.19 vol?? Will let that cook overnight -- my goal was to not buy-back, but to go to expiration. Wheel Sì, Señors!
A rather foolish, gambler's-type question. Asking the right questions, and approaching the market the right way, and having the correct, calm mindset are not only ideal but vital to trading. Reading people, is similarly to trading, you are constantly sizing up the person or market or chart and scenario. Analyzing their potential strengths and weaknesses, to accomplish their goal or fall somewhere between the cracks. Kind of like poker, I suppose, but with more stuff to consider...rather then simply playing a mind fuck, assumption game by staring at them.
Well, a *big* ol' dose of crow for me!! Wow! Right now, I'm getting ready to roll 10-wide Friday 2655s down another 10-15 points. Already opened new positions topside at 2730 -- ready to roll those down to pay for the put roll. The Euro-banks are not happy, and I was *hoping* there'd be a nice turn at the 11:30 Euro-close, but the NYSE TRIN is >1.75, and that is usually a level worthy of an all-day agenda -- to wit: no Euro-turn today. Ugh. So: any feints upward need to be matched with a TRIN decline, to get me to bite. But, 11:45 (11:30+15 minutes) will be here in a bit.....