Agree about casino. I find it a bit gross and obscene to profit
off stealing from the middle class and poor like this, but at least
it's predictable these days. I was buying almost zero cost spreads
near the bottom that have absolutely exploded. For example, I
had a bunch of
SEP 18 5600 (+1)
OCT 4 5700 (-1)
OCT 4 5800 (+1)
They absolutely exploded higher this week.
I had the same setup going to the downside. Because I had
most setup as nearly zero cost and a credit in some cases, I lost
very little on the downside put protection, but I could sleep
knowing I was good if we opened up down 150 SPX points (or more).
This trade required massive movement in a short time to work.
But that's what we've been getting, so it was a no brainer to put
it on in size.
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Agree about casino. I find
SPY 5m - H&S setting up. Given the amount of ...
Posted by bthefnd on 13th of Sep 2024 at 02:05 pm
Agree about casino. I find it a bit gross and obscene to profit off stealing from the middle class and poor like this, but at least it's predictable these days. I was buying almost zero cost spreads near the bottom that have absolutely exploded. For example, I had a bunch of
SEP 18 5600 (+1)
OCT 4 5700 (-1)
OCT 4 5800 (+1)
They absolutely exploded higher this week.
I had the same setup going to the downside. Because I had most setup as nearly zero cost and a credit in some cases, I lost very little on the downside put protection, but I could sleep knowing I was good if we opened up down 150 SPX points (or more).
This trade required massive movement in a short time to work. But that's what we've been getting, so it was a no brainer to put it on in size.