Can't speak for Matt on this specific trade. However I prefer to sell options vs buy them when volatility is high. Sell the Premium vs pay the premium. The main disadvantage(theoretical) is that you cap your upside to the credit you receive. Whereas if you buy the option the upside is far higher and the downside is capped to price paid. I personally like Calendar and Diagonal spreads, I will sell a shorter term option to help pay for the longer term more expensive option.  As wih all option trades be sure you understand the risk reward before trying, they can go wrong quickly. Hope that made sense, LOL.

Agreed, I follow a lot on Twitter myself

After all that, I ended the day down $40, LOL, was looking worse for awhile, to many upside bets, to little downside protection. I was a winner selling ES futures, but some of my option positions didn't do so well(the long ones, Ha Ha). Glad I had the CAT puts or would have been ugly.

That's an intriguing chart

I agree, a long year of flat to slightly down. Also a quick 20% woosh would start bringing it down more quickly. Either is concerning, IMHO

Yes Steve I forgot, thanks. I missed that one, My fill was 4357 I would have preferred 4378, LOL.

Thanks. for update. I've flipped several of my options spreads to short term bearish. Makes me basically neutral for now. I did short the ES on this mornings small rally. My plan for now is to scalp ES ticks, and sell rally's. I do think there is a reasonable chance of a rally, just probably not for a few days. Happy hunting, thanks for the update Matt.

Tomorrow morning mught be interesting. Thanks for the earlier write-up about trading. I started trading and investing many years ago, and have learned a lot the hard way. I began making money when I learned money management, know what you're risking, know what you expect as a return. I'm enjoying the site so far, thanks again to you and Matt.

Almost pulled the trigger yesterday, but didn't. I do need some downside hedges, so just did a put calendar spread targeting the 125 area

KDP I'm finding tons of charts today, not sure if that's good or bad, can't buy em all, LOL. Watching this one for now.

ELY   I may be jumping into this one a little late, but bought some calls, I like that volume seems to be increasing

I bought me DOCU calls for a similar reason

Getting some follow through today.

This looking like a pretty good call.

That escalated quickly, got stopped out at 4485. Quick profit, but thought I would have time to adjust upward if I wanted to. Looks like a good call short term anyway though

Thanks

Thanks Steve, I appreciate this morning commentary. I personally bought a couple ES contracts at 4474 this morning. The tougher call for me is what you mentioned, is this a dead cat bounce, or the beginning of a short term uptrend. We will see.

I like the look of Mosiac  in the commodity space, thoughts? (sorry for my lack of chart drawing skills). I did buy some calls in this one as well

Starting to show some life upside,

Getting some follow through today along with the other energy stocks