Sold half of my long on the premarket bump up higher and took a
short position on that strength to play the gap from yesterday's
close at 3,748.57. Seems like the market gives away money near
daily now on gaps. Never an exact idea on timing, though it really
helps with defining risk/reward.
I just caught the move on both sides! Had the orders set, not
sure I've had that happen before like that. Filled gap premarket
down to 3,748.57, then blasted higher to $64s on SPXL. I'll take
it. Two trades already, let's see what sets up next. There will be
an open gap on the cash now at 3,748.57.
I bought a bunch of cheap SPX 400 calls for .10 for 11/16 as a
hedge. Maybe we get a nice bounce from CPI but consider these
a loss leader ... Friday flush could also come early.
Whatever Oz wants to do is fine by me. Timing and prices I have
no idea, though risk/reward will be in my favor on the swing as
always. All the best man
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SPXL took a first entry
Posted by fundamentalvalues on 9th of Nov 2022 at 04:21 pm
SPXL took a first entry long at $59.59 at the close. Betting it isn't as easy as a waterfall down here. Let's see.
Sold half of my long
Posted by fundamentalvalues on 10th of Nov 2022 at 07:46 am
Sold half of my long on the premarket bump up higher and took a short position on that strength to play the gap from yesterday's close at 3,748.57. Seems like the market gives away money near daily now on gaps. Never an exact idea on timing, though it really helps with defining risk/reward.
I just caught the move
Posted by fundamentalvalues on 10th of Nov 2022 at 08:35 am
I just caught the move on both sides! Had the orders set, not sure I've had that happen before like that. Filled gap premarket down to 3,748.57, then blasted higher to $64s on SPXL. I'll take it. Two trades already, let's see what sets up next. There will be an open gap on the cash now at 3,748.57.
I bought a bunch of
Posted by fredsaid on 9th of Nov 2022 at 04:26 pm
I bought a bunch of cheap SPX 400 calls for .10 for 11/16 as a hedge. Maybe we get a nice bounce from CPI but consider these a loss leader ... Friday flush could also come early.
Whatever Oz wants to do
Posted by fundamentalvalues on 9th of Nov 2022 at 04:32 pm
Whatever Oz wants to do is fine by me. Timing and prices I have no idea, though risk/reward will be in my favor on the swing as always. All the best man