Hey Schiz! Where did that candle on SPY just bottom? $572.81? All the mathematicians and computer scientists in the world can't outdo the magic pencil. ~I gotta bolt. You guys stay safe and have a great weekend.
But seriously, does 0DTE carry that much weight to wag the dog? I mean, by definition, they're just like day trades. And I've never heard of day traders moving the entire market like we've seen now.
I don’t understand the math and leverage behind these moves. Jim Cramer mentions their wild speculation frequently, maybe he knows?
I wouldn't count on that. Meanwhile looks like another up close but below the previous day's close and way below the previous day's high - unless it "goes to the moon" in the post-RTH last 50 mins. Doubtful.
had me for a heart pumping for a second... continute to sell 0tde es puts to 10% correction terrioty dead cat bounce but looking to go long with rty
This week's low on Nasdaq should hold, decided to wait until Sunday open to open a large NQ position (long and swing).