So I am generally thinking Friday was a short cover and a wipe out for put holders and that we might go back down to the 356 level, or pump up even more. I guess I should try to buy the “wings” but I am a thega gang guy and will continue to sell verticals. Right now I am short and lot of short term verticals around the atm for SPY 375. But I am thinking about getting some 360 puts and some 400 calls for like 2 weeks out.
Thoughts?
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Lol OP be predicting two things that can only happen. Go up or down.
>it might go down or pump up even more
so sideways it is. inverse OP
“we might go down…or we might go up more.” op have you considered a job as a stock market analyst i think you’d be a good fit
Friday was a dumb reaction to a Fed official saying something that could somehow beer interpreted as dovish. Market finds reasons to pump whenever it can
There’s a big Fair Value Gap that needs to be filled, I can see next week being bullish
We‘ll see some more put holders giving up on Monday, there was too much negative sentiment last few days and big money needs sponsors for the run up north. Based on a hunch 😉
>I think that you should continue to sell verticals and buy puts. I believe that the market will go down in the short term and then rebound after a few weeks.