Investing General Discussion

Jysin

Jysin

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Blazin said:
Just sold SPY 211015P410 14 contracts.

Not a call of bottom obviously or the strike wouldnt be that far out of the money. Given negativity I'm leaning towards bottom being set this week, likely near the July bottom.
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SPY 425 being the next big pivot below current level. SPY July low 422.97
 
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Sanrith Descartes

Sanrith Descartes

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Wrote the $26 strike puts on T expiring 10/15 (just before earnings). 39 cent premium. If i get assigned and they cut the dividend in half its still a 4.06 div yield. If they dont cut it its 8.12%
 
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Sanrith Descartes

Sanrith Descartes

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I think the close today is going to tell us a lot. Does big money step in and start buying at a discount or does it get crushed further at 3:51.
 
Blazin

Blazin

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Sanrith Descartes said:
I think the close today is going to tell us a lot. Does big money step in and start buying at a discount or does it get crushed further at 3:51.
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We dont want any bounce today we want red at open tomorrow that turns green. Bounce today is wasted energy.
 
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Jysin

Jysin

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100%. We need panic sell into the close. Gap down tomorrow, then real panic capitulation into complete emotional oversold market. Once we bounce, you buy-in strong.

As Blazin said, a bounce here would likely just result in chop tomorrow.
 
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Blazin

Blazin

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I want this dip to buy me a new truck, I should be posting fear bear porn. Will be buying tomorrow morning if we are red. No more buys today.
 
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Shonuff

Shonuff

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Made roughly an easy 4% shorting today, best day in a while (including TSLA). When market sentiment is this crappy, its like taking candy from a baby. I closed my shorts when I got buy signals on everything in power hour. Not buying anything right now, sitting at 20% cash still.

9-20.JPG
 
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Kiroy

Kiroy

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Jysin said:
100%. We need panic sell into the close. Gap down tomorrow, then real panic capitulation into complete emotional oversold market. Once we bounce, you buy-in strong.

As Blazin said, a bounce here would likely just result in chop tomorrow.
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doesn't look like we're getting what we want here
 
Blazin

Blazin

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Khane said:
So around $95k then?

Car and truck prices are so insane right now.
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I hope not, tundra unveiling was last night but they didn't give the pricing yet. I'm thinking the 5 truck levels will be $40k-65k . I'm not spending more than that on a truck.
 
Shonuff

Shonuff

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Jysin said:
100%. We need panic sell into the close. Gap down tomorrow, then real panic capitulation into complete emotional oversold market. Once we bounce, you buy-in strong.

As Blazin said, a bounce here would likely just result in chop tomorrow.
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So re-short in the AM?
 
Kiroy

Kiroy

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Blazin said:
I hope not, tundra unveiling was last night but they didn't give the pricing yet. I'm thinking the 5 truck levels will be $40k-65k . I'm not spending more than that on a truck.
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that's almost exactly what it will be out the door - rip v8
 
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