Who's selling in this rally?

With the market crazy swings maybe best to take profits while I have them. XLF Nov 23 $26 put options assign last friday. Today I sold position at 26.55. Then sell nov 14 $26 put options for .40. I don't mind taking assignment again, especially before ex-dividend date.

 

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As far as SPY, QQQ; most all are selling those below 200dma. And even more selling those on 3 year charts. Plenty of selling XLF, but up a bit YTD; maybe on higher rates expect.........[Edit ,NOT a prediction;$250 area on SPY may hold-this year anyway LOL]

 

What rally are you talkin' 'bout, Willis?

 

Better than a down day ...

 

Taking profit? That must be a joke?

 

Valuations are still high, revenue and earnings growth are questionable, and interest rates are still on their way up. Not necessarily a crazy time to sell into a rally.

 

Most of my current trades are dividend blue chips

 

Bulls will believe any rally to be the start to s$p 3000. This market has a become a sell the rally and buy the 1000+ point pull backs!!!!!

 

Did the bear return into the woods? Nice bounce but talks to resume ...