[so, like, how many analogies can *you* abuse??] Well, in ES futures land, the volume and the motion looks pretty sketchy. My read? A big ol' calm before the AAPL storm, and most probably a material jump higher. (Like, another 1% across-the-board day, fercrisakes.) I *ain't* looking forward to it. I'm getting *crushed* on top; vol is shit, *and* the shit-e-vol will likely get worse at 1pm. Right now, I'm trying to act on my convictions. If this is like a FED day, I've got about an hour before the market pretty much shuts down. What are *you* doing?
You know what? I haven't even watched it! SHEEEESH. I'm all SPX-ish, so I guess that's okay, but that should've been my number one move, right? Okay... big Fail on that one. 90 minutes to go.
Prolly same old "sell into keynote" game, that's played in like every AAPL keynote since first iPhone. Nothing to see here...
2 consecutive overnight gap-ups on the daily /ES chart.....the 2nd one nearly always closes...need to get back down to 2487 to close it. Will likely get there at some point this week.
I'm not overly impressed with the iphone8 presentation so far, seems like a rehash mostly.....will have see if Cook reveals the rumored $1000 X model later....if not, could definitely be a "sell the overhype" trade.
I was already short premium going into today (October monthly), but added a short 160/162.5 September 15 strangle for a credit of $3.11 as I felt the premium was a little rich.