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Misc Stock Market

MY QQQ puts are going nuts, I started as a spread but bought the puts I sold back right before 4:15. Bought at $1.70....sold at $5.50. I don't like doing option trades this big but this one worked.

I started a $308-$302 put spead for the day at $1 earlier. Just to have something on.
 
Rule of thumb for channels puts Q's at $290. ?‍♂️

I would think this sees $300 today, who is going to buy here.

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Apple has cleaerly broken this long running trendline...we in trouble

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Bears are drooling over the gap fill down to $400 for SPY...

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Red again today, figured we’d get a bounce back especially with payroll report, but nope.
 
Vegas craps table...Q's just ripped almost 3% in 20 mins. Thats why I closed my puts earlier and just have a small spread on today. Craziness.

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They are not going to let Apple fail...it has the $100B buyback it can execute at any time. This is getting personal now...Apple or market collapses.

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What time the rally start? Going to say 11:45, straight up from there.
 
SPX option flow undeniably bearish today....some tute just bought $288m and $144m puts. I am guessing the $144m are sold and this is a spread of sorts.

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Could be one of the most cold blooded bear traps...or is this a bull trap now with it reclaiming $310. Either way, someone going down today.

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Storm5 said:
My favorite penny stock Amazon is printing both ways today down to 2263 up to 2380 now getting slaughtered again . Love it


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Click to expand...
Amazon? Never heard of it.
 
Lots of room to the upside for a stupid intraday move of SPY can make a clean break of 414’ish931BC3D1-C53A-45FE-8771-D97A1E860980.jpeg
 
Q's with a 3.5% intraday bounce....tough tough market to trade.

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If you are swing trading today you must have aged 10 years...fake outs in both directions. It's a nightmare. I have a few puts on still but haven't done anything else.

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SPY is a little cleaner...had the triple top at $428.50....double bottom at $406.

$428 has been violently rejected 3 times in the past week+ so why would buyers come in to push it back up to $420. Nothings changed....the Fed starts QT in a couple of week and that should impact treasuries/mbs which won't be good for equities.

I say that and we probably end the day at $420/$320 respectively.

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Lot of selling the past 2 weeks but SPY hasn't had 2 consecutive red days in over 2 weeks. ?‍♂️


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Only thing stopping me from being short into next week is the indexes like to touch that 20dema before it makes the next leg down.

Kind of in no mans land here.

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Here we go, straight up the wall into the close.
 
10yr close to making a 10 yr high. Fed starts QT…selling billions in treasuries over the next year(s) isn’t going to help

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Man, just couldn't get there.

@KyloG What's that weekly candle look like?
 
Rain Cold said:
Man, just couldn't get there.

@KyloG What's that weekly candle look like?
Click to expand...

Fairly ugly...5 straight weeks down for Q and SPY. We saw that with covid but we all thought the world was ending. This sell off is because the Fed Funds rate is at 0.75%.

I think there was many bubbles built post covid but many have popped....outside of Tesla/MSFT and especially Apple there has been a ton of carnage. If it wasn't for those 3 the S&P would probably be down over 20% instead of 15%.....Q's over 30% instead of 25%. And if that was the case we would have seen lows I think. So the question is do they take the Generals down...Apple needs to break $150 and MSFT $270. ?‍♂️

I took some calls for Q's next week and I added shares of Apple too.

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ADBE almost 50% off ATH's...this is a healthy company and yeah the SAAS names all went insane and they all are coming back to earth.

It's trading at 6x sales now...20% growth, $16B in revenues, $5B in net income last year. That is by no means expensive, I think very reasonable. A tag of the trendline and it's a buy for me.

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I keep bringing up Apple...Apple is currently only 14% off ATH's. Covid crash it was down 35%...in the Sept 2020 sell of it was down 27%...even last year it was down 20%. So the market is hiding money in Apple....it has a $100B in authorized buyback it can execute at any time. Along with MSFT which is only down roughly 20% they are keeping the tech sector from total capitulation.

This is one reason why I bought Apple in my swing account...I want a front row seat to the market bouncing or falling off a cliff. Apple closing below $154...and than $150 would do that.

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