You were wrong! But pretty damn close. Another good call. Bought Monday's 4150P @ 12.25 earlier. Hedging with a 2 lot MES so far. Looking for a spread, but not a fly. Calendar or backspread will do.
Sold Friday's 4160P for 11.50, so long Monday 4150P, short Friday 4160P. Less -43.75 on the MES hedge. Call it a point. A little change in heart, directionally.
Now that everyone gave up on the bear case, they are going to dump this hard. I hope not, but wouldn’t be surprised to see this
Figured you'd be happy to see some more vol return for trading purposes? Or you just referring to retirement accounts?
i meant for today. I was bearish on the overnight and this morning. Did pretty well but expected more follow through to downside. As we pushed up to 77, it seemed like bears lost the game for the day. I don’t expect any lows to get breached. Just jumpy PA
I think we print new ATHs tomorrow. I would guess 4215 / 4220. As day traders - let's just hope we don't open with too big a gap.
I think you're right. More curious to see what happens the rest of the session into the close as I believe those ATH will print early if at all tomorrow.