If anyone wondered what I meant yesterday when I said "Doubt we see much until then, as they peg the mkts to bleed premium off the options", then just look at today... and esp AAPL at $700. That is pegged, and so is the mkts.
I covered some of my shorts that (I built on the way up) this morning. Wish I had covered more (given the ~90 pts rally in YM since I covered), but I can't argue w/profits. Sorry, J, I just had too much shorts on for this action, and I needed to lighten up.
Bears need a gap down open tomorrow... and if they can't do that, then they probably have to wait for "post options expiration selloff day", Monday, for any more gifts.
If anyone wondered what I meant yesterday when I said "Doubt we see much until then, as they peg the mkts to bleed premium off the options", then just look at today... and esp AAPL at $700. That is pegged, and so is the mkts.
ReplyDeleteI covered some of my shorts that (I built on the way up) this morning. Wish I had covered more (given the ~90 pts rally in YM since I covered), but I can't argue w/profits. Sorry, J, I just had too much shorts on for this action, and I needed to lighten up.
Bears need a gap down open tomorrow... and if they can't do that, then they probably have to wait for "post options expiration selloff day", Monday, for any more gifts.
I covered my SOXL short position Entry price 33.22 covered at 29.95
ReplyDeleteI think tomorrow will gap up and be green, but I expect a few big red daily candles next week. Looks like I'm holding my shorts over the weekend.
ReplyDeleteMakes me feel a little better as I currently feel like I should have sold even yesterday afternoon...
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