Thanks... always like it when you think out loud.

DITTO.  Thanks as well.

"Too tall"  Now there's a nice problem to have.     

What striking price and if you might, would you talk about the reasoning for how far  inside or outside the money you bought them?

Digi,

It means Golden Eye.  It is a made up name I've used on forums for a long time.  I'm just an old white guy.  Ha!

I used to trade gold/silver options with my dad when I was in college.  It was during the Bunker Hunt days when they cornered the silver market in the '70s and silver went to $50.  It was in the Aden sister era.

After college I took a year off and wrote a program (machine language) that down loaded stock date from a modem connection and could create a daily Horsey Chart rather than having to wait for the monthly Horsey stock charts book to be sent to you from M. C.Horsey Co. via the mail.  Anyone remember Horsey stock charts?

13 years ago my dad passed and I lost interest in daily trading.  Also lost interest in precious metals as I always believed the markets were highly manipulated... we almost never were long, we used options to short the metals.

Take care,

Au-n-i

Digi - As derivatives decay in price over time, especially 3x, Would a longer term short position strategy, in a leveraged ETF,  be to short the long 2x ETF?

For example:  You want to hold a long term position in SDS(2x short).  Would it be better to short SSO(2x long)?  Because, they both decay over the long term.

I guess the answer today is nope... divergence broke down at the close.

Matt - Does the go-long bell ring when the 15-min MACD and RSI get any more divergent?  Asking for a friend.

...and the comments.  You guys have been on fire lately.  My SSO and SDS swings are mostly because of your charts lately, thanks a bundle!  You two have a great Holiday.

38% fib on his 30min chart from last night.

Rather 38.2% on the 30min

Steve - You got your 50% retracement today... looks we make the wave 5 low now?  That could be a brutal wave?  Any thoughts on the counts you showed. 

Naw, I saw Jammie on the train, he was texting Julie... "we handed our positions from today to the bag holders @ 12:00ET, getting on the private jet, see you in an hour...Gin & Tonics?" 

12:00 And just like that, the last Jr. traders in the offices headed out for thee Hamptons.     

3910 seems to be the thing.

https://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p74214261848&a=1241283831&listNum=6

What would be a FANG short instrument 

or a 2x or 3x FANG short to hedge against a position in the FANGS that I have since forever?

Ok, no thoughts.  Then, would it be possible to post a 120 KISS chart?

Any thoughts on Farfetch?

Palindrome!

A man a plan a canal Panama