Still think TITNC3: Return of the Iceberg was peak

But the in the money Disney and Apple calls I bought yesterday might cash out today nicely

 

im just hoping the NVDA shenanigans keeps going into open

 

Big play in hindsight was $46 $ROKU calls as soon as I closed my puts

 

Blazing green start, now we slowly melt down to red by mid-afternoon.

Or 10AM. Who knows. Sometimes they dump it a couple % for a lark these days.

 

Unemployment beat so it'll stay green today. Of course it only beat because it's seasonal employee layoff time but the market don't care. lol

 

And what is a beat these days really?

I mean is good news really good news if it doesnt lead to the Fed shitting out monumental piles of liquidity?

 

One step closer to the FEDs goal of creating a recession for the middle class. I've talked about this before. How do you stop inflation? You slow consumer spending. How do you slow consumer spending? You increase the amount of people not working.

 

$SPY $375 11/7 for $225 right ther

 

Right. "Beats" are now economic bad news. What a fucked up world.

 

Nice. Nailed it.

 

Exactly. I should have figured that is what your comment was hinting at. Higher UI numbers = great news. The funny thing is non-farm payroll actually beat by 30%. 260K vs 200K forecast. Yet UI is up. Hence the comment about seasonal layoffs being the true cause.

 

Trailers set.

 

In at $225. Out at $300. 33% return in 10 min

 

NVDA is the gift that keeps on giving. Took 50% profit, could have had 60%

 

took $SPY puts vertical spread 380/370 dec 16 expiry. level to watch 377.76, if it breaks above and holds i will add more at 383 and i will take short dated calls on $SPY nov 18 expiry if it holds above 377.76 on a 15m close.
Unless /YM breaks the latest high, market feels choppy.

BOT +10 VERTICAL SPY 100 16 DEC 22 380/370 PUT @4.37

this trade has -121 delta and -.03 theta, so for those into options, theta decay or time decay or premium decay is pretty much negligible.

 

level to watch on $SPY 377.76, below that we can drop to 370.5 where the market has been hanging out. Above 377.76 next level is 381.99 then 383.78 and there's 5.6 billion of dark pool prints at 384.83.

another thing to noite, convergence of resistance on $QQQ and $SPY

$SPY


$QQQ

 

$SPY hit 370.5 , all out. no runners left. closed $AAPL puts too. done for the day unless we rip back to 377.76 and above am taking bigger position expiry january monthlies for the eventual "crash".
will post when i do.

 

I like the new guy

 

OMG...
Buying 150+ shares of $DKNG on its way up was a bad move...