Hoping we can rally up

    Posted by fredsaid on 15th of Nov 2022 at 10:56 am

    Hoping we can rally up to 4050 or above into the close - I will be taking very aggressive shorts if we do.

    fred, I hope not because

    Posted by DigiNomad on 15th of Nov 2022 at 11:14 am

    fred, I hope not because I've already been shorting. But I'm shorting the SPX JAN 4400 strike every time it gets near 16 delta (happened yesterday and today). I have some wiggle room if we do get a rally...but it would still be painful (I hate a negative P&L even when I know I'm not actually losing money).

    Also, I think we've traded the "FED PUT" for a "FED Hammer."  Any significant rally from here would likely result in the FED marching out the troops to do interviews saying that they are NOT near a pivot.  Asset prices going up is the LAST thing they want right now. 

    SPX shorts from earlier today

    Posted by DigiNomad on 15th of Nov 2022 at 01:43 pm

    SPX shorts from earlier today & yesterday  = Christmas in November :) 

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