Confused, I know today’s an options expiration so that creates
lots- of weird Trading but I posted a question earlier I see
the ES rolling over a little, but the spy continues to rally anyone
explain or am I just being impatient. I really have always
seen them like parallel moves
Posted by mitchell on 16th of May 2025 at 10:36 am
@Glad - Im noticing uncorrelations today that typ precede
pullbacks. Today good day to strategically sell spy calls /
buy puts. Call skew keeping call premiums > puts now.
As stated, the risk of a pullback increases as price moves
higher - posted short zones have worked nicely upon first touch
(5945 and 5958 on Thursday) for trades and remain short zones when
tested even if a fakeout above 5978-83 to the higher zones.
Looking for a pullback with targets 5850-5720 broadly
speaking post OPEX
As stated, the risk of a pullback increases as price moves
higher - posted short zones have worked nicely upon first touch
(5945 and 5958 on Thursday) for trades and the posted
zones remain short zones when tested even if a fakeout to the
higher zones above 5978-83. Looking for a pullback with
targets 5850-5720 broadly speaking post OPEX
ES resistance zone 5978 with Friday's high of 5977.50
Confused, I know today’s an
Posted by Glad on 16th of May 2025 at 10:22 am
Confused, I know today’s an options expiration so that creates lots- of weird Trading but I posted a question earlier I see the ES rolling over a little, but the spy continues to rally anyone explain or am I just being impatient. I really have always seen them like parallel moves
@Glad - Im noticing uncorrelations
Posted by mitchell on 16th of May 2025 at 10:36 am
@Glad - Im noticing uncorrelations today that typ precede pullbacks. Today good day to strategically sell spy calls / buy puts. Call skew keeping call premiums > puts now.
ES
Posted by steve on 16th of May 2025 at 10:41 am
As stated, the risk of a pullback increases as price moves higher - posted short zones have worked nicely upon first touch (5945 and 5958 on Thursday) for trades and remain short zones when tested even if a fakeout above 5978-83 to the higher zones. Looking for a pullback with targets 5850-5720 broadly speaking post OPEX
Read Again As stated, the risk
Posted by steve on 17th of May 2025 at 05:26 am
Read Again
As stated, the risk of a pullback increases as price moves higher - posted short zones have worked nicely upon first touch (5945 and 5958 on Thursday) for trades and the posted zones remain short zones when tested even if a fakeout to the higher zones above 5978-83. Looking for a pullback with targets 5850-5720 broadly speaking post OPEX
ES resistance zone 5978 with Friday's high of 5977.50
Did you adhere or FOMO?
I found some great moves
Posted by Glad on 16th of May 2025 at 10:51 am
I found some great moves between 355 and the options trade until 415
That’s when the idea of carrying overnight or through the weekend, sobers everybody up
Look again they are in
Posted by steve on 16th of May 2025 at 10:25 am
Look again they are in unison - not sure what you're seeing
I have some puts far
Posted by Glad on 16th of May 2025 at 10:33 am
I have some puts far out on the spy. They just weren’t moving at the time.