Make a note: When S&P 500 hits 3 standard deviation on weekly or monthly, you buy puts for your "tail risk protection". You buy OTM calls for your sweet spot. And yes, golfing is a refreshing sport after hedging your ar$se while you are making some $ on the upside. Last check: S&P up +130 @ 2470. Another day like this and my 2640´s are ITM. Jesus, what a ride! LMAO! Gotta run. Ladies are waiting.
Looks like my 2434 number may try to establish itself as a new very short term floor. I'll assume that it is until shown otherwise. It will be very interesting to see what happens at the infamous 2530 area with the attack from below that is occurring now (currently 2470).
Hey Bro. That 2380/2640 strangle for Jan? It lost almost half its value today. Went from 44 to mid 20s.
Bingo! Congrats to all of you whom actually caught this incredible move! I find tremendous value in larger TF`s trendlines!