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Any hints of a SPY

Posted by moshark99 on 17th of Dec 2021 at 11:04 am

Any hints of a SPY trade off the lows?

Saw the options comment earlier.

Posted by moshark99 on 2nd of Dec 2021 at 04:08 pm

Saw the options comment earlier. Im just a dummy but what I do when the market is flaky is roll/stop loss. I bought the 446 call(10 @$20) the other day and it was up about $1500 so I put a stop loss at 19. It reversed and I was stopped out -$1000. Yesterday got the new trigger so bought the same contract @ 18 ($18K). When the market moved up showing about 1500 gain SPY @458 I rolled up to the 460 Call, got $9 ( and lowered my risk to $9) I set a stop $1 below=8.   So I now have 8k risk in the trade, and it closed at $11.60 so Im up 2600 and will move my stop up to $9 so any loss (absent a crazy gap down) would be minimal. If it continues to run I will roll up at resistance areas, with a tight stop along the way.

What does tracking purposes mean exactly, on the trade ideas? Missed SPY option trade due to Turkey Travel, hope you guys had a good one!

Bought 20 contracts on DRNA

Posted by moshark99 on 18th of Nov 2021 at 09:40 am

Bought 20 contracts on DRNA @ 1.80 on 11/9. Just sold for $13, well done gents! 

Wow! Great one it was doing nothing so I almost sold it yesterday. 

LOOKS LIKE THE BULLS FOUND

Posted by moshark99 on 14th of Oct 2021 at 01:11 pm

LOOKS LIKE THE BULLS FOUND THEIR ONUS!

Think now that we bounced

Market comments

Posted by moshark99 on 15th of Sep 2021 at 03:11 pm

Think now that we bounced off support the SPY Option is still worth doing? Its about the same price.

Got it!

SPY Reversion to mean systems potential trade

Posted by moshark99 on 18th of Jun 2021 at 06:15 pm

Got it!

How long should we watch for the trade today before we wait for Monday? 

Happy Birthday Matt ,  hope

Posted by moshark99 on 25th of May 2021 at 09:26 am

Happy Birthday Matt ,  hope the pup is recovering quickly!

Hey Matt, Im just a dummy but what has worked for me is rolling the SPY trades which have been spot on. Using the current trade I bought the SPY 393 after hours on the 12th when the note came out 10 contracts=$22600ish iI mental stop of $2 for about a 10 % loss  it later traded up the next day  and when I had over a $1500 gain I rolled to the just in the money 405 Calls and by the time I did the trade had a 2K gain so keeping my stop margin I was at break even if it failed. Today SPY is over 415 so I rolled up again, took risk off the table and lowered my cost basis.............The numbers work as follows         BUY SPY 393C...22600 (APPRX)

.........................................................................................................................................................SELL SPY 393C ...24600 +2k

..........................................................................................................................................................BUY SPY 405C...15700  (using 2k stop now break even)

..........................................................................................................................................................SELL SPY 405C...17100

...........................................................................................................................................................BUY SPY 415C....10300...........now with the extra credit my cost basis is about 6900 for a Call selling for

                                                                                                                                                                                                                                             10300, I have a 1500 stop loss locking in a 1500 profit at the moment

Thanks for all your help....John

        



So are you recommending to

Must See TV - NIA Tweet

Posted by moshark99 on 20th of Apr 2021 at 03:39 pm

So are you recommending to sell bitcoin related stocks and buy Gold stocks ?

Thanks Matt

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