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.
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 :)