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The thing I'm looking for to confirm this scenario is a big but undecisive bounce. Below 237 I'm not gonna call it yet. But if it gets over 237, I will load more puts at 241.3. All it needs to prove me wrong is trade above 244. Come on.There's a possibility that this will go much much deeper than 223, IF the high for the rebound was set this morning at 244 and not 243.5 yesterday. If the high was set today, it would mean that we've just finished wave 1 down. The potential for damage would be much more devastating.
OptioStrat says 68% in your favouriron condor play for next week.
delta play on both side is .20, so chance ITM either side is 20%. Win Loss ratio is 1:3. Wide breakeven. Safe play for kibble.
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too many people too drunk to trade today. May not have your answer till Monday ....so far it's flat today with some minor back and forthRemember this post?
The thing I'm looking for to confirm this scenario is a big but undecisive bounce. Below 237 I'm not gonna call it yet. But if it gets over 237, I will load more puts at 241.3. All it needs to prove me wrong is trade above 244. Come on.
chickened out just in time at a nice 203 dollar gain (for 10 contracts) -nice dinner money yet- Oooh do I like these trades (premium could have gone up in smoke however, not bet for the faint of heart.. )placed a bet BTO P 235 for today for a dollar, guessing we will fall from here into the close because of call wall 235
[edit] managing theta will be a thing... [/edit]
For those of us still with longs I guess that means we may have another chance to get out at $241.30 if it touches that, and get back in if it holds above $244?Remember this post?
The thing I'm looking for to confirm this scenario is a big but undecisive bounce. Below 237 I'm not gonna call it yet. But if it gets over 237, I will load more puts at 241.3. All it needs to prove me wrong is trade above 244. Come on.
Do I understand correctly that:Remember this post?
The thing I'm looking for to confirm this scenario is a big but undecisive bounce. Below 237 I'm not gonna call it yet. But if it gets over 237, I will load more puts at 241.3. All it needs to prove me wrong is trade above 244. Come on.
I already know the answer and you've been warned. I said the same thing on October 17th. "Please don't bounce too hard. The harder you bounce, the harder you'll fall", and look what it did. I'm getting the same vibe here.too many people too drunk to trade today. May not have your answer till Monday ....so far it's flat today with some minor back and forth
Awesome! Yes. Someone speaking my language.Do I understand correctly that:
- going over 237 now would mean we are in wave 2 (rise) after the wave 1 drop from 244 to 231.4. Meaning that wave 3 that would follow - a more severe drop than wave 1.
- going over 244 would take out the high of wave 1, meaning it cannot be wave 2 and therefore invalidating this scenario of wave pattern.
If it gets above 237 you'll have a chance, but this is talk in circle. Of course if it cant trade above 237 you'll have no chance at 241.For those of us still with longs I guess that means we may have another chance to get out at $241.30 if it touches that, and get back in if it holds above $244?
Agree, looking for an early week bump for 8Dec strikes.It feels like the Cyber FOMO is starting. I'm not selling any CCs for next week until next week (if I can resist).
What’s your batting average on these swing trade ideas?For those of us still with longs I guess that means we may have another chance to get out at $241.30 if it touches that, and get back in if it holds above $244?
If it gets above 237 you'll have a chance, but this is talk in circle. Of course if it cant trade above 237 you'll have no chance at 241.
What’s your batting average on these swing trade ideas?
Help me understand. The chart doesn't know about Cyber delivery event. I think that drives the SP over 250 next week. Possible sell the news the next day.Remember this post?
The thing I'm looking for to confirm this scenario is a big but undecisive bounce. Below 237 I'm not gonna call it yet. But if it gets over 237, I will load more puts at 241.3. All it needs to prove me wrong is trade above 244. Come on.
Talk in circle. If it holds above a support then it'll run up. Who would have thought?Conventionally we are told if a stock holds/closes over the 50-day (for us ~$237) it should run considerably higher, do the waves say differently?
Just trying to learn the nuances.
Should I make another bet?Help me understand. The chart doesn't know about Cyber delivery event. I think that drives the SP over 250 next week. Possible sell the news the next day.