Posted by DigiNomad on 28th of Jul 2023 at 03:59 pm
I just sold some naked SPX puts (bullish play that I would
usually spread) and the market seemed to hiccup. I know my
measly trades aren't doing it, but make no mistake about it, the
more people move to the bullish side or put on bullish option
trades with no protection (like I just did) the more and more
tempting it becomes to market makers to chase them.
I did miss some longs but do feel comfortable on topping stock
formations largely because I grew up when the DOW was 575 and
learned from a different playbook.
I just sold some naked
Posted by DigiNomad on 28th of Jul 2023 at 03:59 pm
I just sold some naked SPX puts (bullish play that I would usually spread) and the market seemed to hiccup. I know my measly trades aren't doing it, but make no mistake about it, the more people move to the bullish side or put on bullish option trades with no protection (like I just did) the more and more tempting it becomes to market makers to chase them.
I did miss some longs
Posted by rbreese on 28th of Jul 2023 at 04:20 pm
I did miss some longs but do feel comfortable on topping stock formations largely because I grew up when the DOW was 575 and learned from a different playbook.
Wow 475 when was that
Posted by mundy on 28th of Jul 2023 at 06:15 pm
Wow 475 when was that ? 1955? Are you a time traveller? LOL
Mundy that was 575
Posted by rbreese on 29th of Jul 2023 at 11:00 am
Mundy that was 575 Dow in the early 70s.