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
@Glad - Im noticing uncorrelations
Confused, I know today’s an options expiration so that creates ...
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