I'll go out on a limb here, but it does look like we are going to finish just above the flat line on SPX today. This might be your dip rennick. can't get the price I want on getting back into my QQQQ calls that hit the profit stop this morning, so I'll probably not get in on this one.
I just laid into some auggie qqq 49 calls@ 28 bucks per contract. Dow is down 32, looking for some strength into the close. I will sell these if they hit 22/stop loss and 38 upside target, Rennick out
Couldn't resist once I saw a move staring in USD/JPY. Had to join you, but I got the AUG 48 @ $56. Decided I had better put my money where my mouth is, on that SPX closing in the green prediction that I made. Decided to go with QQQQ because penny pricing means less slippage. I also bought the 48 puts once the market made a significant move. Gonna hold the straddle overnight now. It has a slightly positive delta, but should profit from a good move overnight. [edit]the move was so large during the last 10 min that I balanced the deltas so flat deltas overnight now.
This 154 point rally could be a 285 point loss tomorrow, with markets this volatile ANYTHING is possible by the 4pm closing. :eek: :eek: :eek: :eek: :eek:
Won't matter to him if he stuck to his plan of taking profits at $38. ya gotta give him credit. 35% gain on a 30 minute trade that was spot on. Good trading.
I just put the Godzilla suit back on and am headed for the shallow end of the pool. With fresh cigar just lit and cold Old Milwaukees on ice I bid you all a good evening. "I just love it when a plan comes together' George Peppard-The A Team Rennick out ps. after the pool I think I'll take the little lady down to the Elks Lodge. They've got a sirlion/crableg special that'll knock your Aun't Connies socks off.