Damn. That was the perfect level. It nipped twice on the 1 minute candles, 147.69, 147.77, then it spiked the 148.49. $138 now. $2K out the window cause I got scared of the algy's. The good news is my $WORK is back above $20. Thats the mother-lode
Market slows down a bit around the time that the task force is scheduled to have their daily briefing.
Expecting a down move today. If not, I don't think bottom is in yet. Maybe, next week to get a bottom.
We aren't out of the woods yet. Those option writers know whats up. They always do. A few minutes ago, you could sell the $37.50 puts on WYNN, tomorrow's expiration, for $1.35! WYNN was just over $48. That's either the closest thing to free money there is... or the option writers aren't convinced. Since there's no free money, I'm going with the latter. I'm not buying this rally. Uh-huh.
I just shorted WYNN at $50.65 B1... let me know if my trades are derailing your thread and I'll shut up. We're in extraordinary times here, so I want a temporary exemption. Edit, that was 51.65 Edit... 200 more at 50.88 Thats enough. 400 shares.
Probably taking a 'breather' today. After all, we're already down 16 % on the week from Friday's Close to yesterday's low. First, we need to take out yesterday's HOD at 2442,25. If we do that, I don't see why we can't print 2480 or 2500 today. Of course, there's always the chance we can rollover from here too. Just not my main scenario for this day at this point.
It sure does. Sell those puts. If you get assigned, your golden. I'm going with gut though at the moment. Edit... you can get $1.86 for tommo's $45 puts.
Getting away from my screens today... resting spooz orders are in place for extreme moves .. as are my put writes orders!.. set it and forget it! Good Trading All... Hands Hi... Chin Tight... & backs to the wall!