The Official Options Thread

[Blazed]

Just watching today

6600 key level

Dip this morning bought back up, see if it holds

[Blazed]

Originally Posted by Blazed

Just watching today

6600 key level

Dip this morning bought back up, see if it holds

Took calls @ key level

All out here

Trading is easy, just wait for levels, watch volume and flow

Nice end to the week

[Blazed]

Just watching today

I'll wait until Tuesday’s close to see how the markets react to the 20-day moving average on the daily timeframe

Earnings should bring some movement into the markets, especially TSLA on Weds

[ajlaxmn]

Long one META & SOFI Leap.

Added another 100 FNMA on pushdown last week. Would add another 100 if it pushes down past last weeks prices.

Still sitting with about $8k in the Roth, don't want to add anything here, I'm ok with missing any moves up, just want to be ready if their is any more of a push down (not necessarily a crash).

[Blazed]

Originally Posted by ajlaxmn

Long one META & SOFI Leap.

Added another 100 FNMA on pushdown last week. Would add another 100 if it pushes down past last weeks prices.

Still sitting with about $8k in the Roth, don't want to add anything here, I'm ok with missing any moves up, just want to be ready if their is any more of a push down (not necessarily a crash).

Nice add

GSEs got a lot of attention yesterday when the FHFA director posted about them

Fannie, Freddie chief teases IPO

Now it's just a waiting game

Still super high risk until details are public

[Blazed]

Futures flat pre-market, still some leftover positive flow on S&P stocks and Mag7 that can keep it above 6700 for now

If 6700 breaks > get a nice drop and increased volatility

Staying long and just watching today


Worth noting

Serious Credit Card Delinquencies (unpaid balances for at least 90 days) hit their highest level in 14 years

[eastbayak]

Originally Posted by ajlaxmn

Long one META & SOFI Leap.

Added another 100 FNMA on pushdown last week. Would add another 100 if it pushes down past last weeks prices.

Still sitting with about $8k in the Roth, don't want to add anything here, I'm ok with missing any moves up, just want to be ready if their is any more of a push down (not necessarily a crash).

Originally Posted by Blazed

Nice add

GSEs got a lot of attention yesterday when the FHFA director posted about them

Fannie, Freddie chief teases IPO

Now it's just a waiting game

Still super high risk until details are public

Haha, my Dad forwarded me (and a couple other family members) something about FNMA last week.

I let him know that a couple people I know virtually (ya'll) told me about it a few months back. Shared it's a high-risk, high-reward IPO play haha.

[Blazed]

Originally Posted by eastbayak

Haha, my Dad forwarded me (and a couple other family members) something about FNMA last week.

I let him know that a couple people I know virtually (ya'll) told me about it a few months back. Shared it's a high-risk, high-reward IPO play haha.

The r/r is there since the "decision makers" laid out the plan of selling 3-5%

Pulte's comments suggest no heavy dilution

If SPSA are deemed repaid then it's up from there

Then, if they can get it to $1tril valuation even better

[Blazed]

Failed to break 6750 twice on SPX yesterday making it the key level

A break above can push to new ATHs this week

Downside > 6700 has turned into solid support, if it gets down there and tries to break it should be met with a strong buyback

[Blazed]

Originally Posted by Blazed

Failed to break 6750 twice on SPX yesterday making it the key level

A break above can push to new ATHs this week

Downside > 6700 has turned into solid support, if it gets down there and tries to break it should be met with a strong buyback

Huge bounce as expected

Trimmed 75% holding runners until 6740 or full exit in profits around 6710 if it can't get up there

[Blazed]

Originally Posted by Blazed

Huge bounce as expected

Trimmed 75% holding runners until 6740 or full exit in profits around 6710 if it can't get up there

Full exit on runners @ 6710

Reloaded @ 6700 for round 2 and all out here

Great momentum off that 2nd bounce

Calling it a day here

Trading is easy when you simplify it

[Blazed]

Originally Posted by Blazed

Futures flat pre-market, still some leftover positive flow on S&P stocks and Mag7 that can keep it above 6700 for now

If 6700 breaks > get a nice drop and increased volatility

Staying long and just watching today


Worth noting

Originally Posted by Blazed

Full exit on runners @ 6710

Reloaded @ 6700 for round 2 and all out here

Great momentum off that 2nd bounce

Calling it a day here

Trading is easy when you simplify it

If 6700 breaks > get a nice drop and increased volatility✅- 6700 broke and got a nice drop as expected

Calling it a day here✅- this is why I called it a day - if you caught flow, it flipped from buying to selling after Trumps announcement. I didn't take puts but that would have been a nice trade

Not taking it but 6650 would be a good area to hold at this point

[Blazed]

Originally Posted by Blazed

If 6700 breaks > get a nice drop and increased volatility✅- 6700 broke and got a nice drop as expected

Calling it a day here✅- this is why I called it a day - if you caught flow, it flipped from buying to selling after Trumps announcement. I didn't take puts but that would have been a nice trade

Not taking it but 6650 would be a good area to hold at this point

Didn't take calls there as I was done for the day but it worked out

The power of whole psych numbers

[Blazed]

CPI tomorrow

SPX 6700 key level break above with strength > 6750.

Can't break above 6700 and hold > probably lose yesterday's low (6655)

[Blazed]

Originally Posted by Blazed

CPI tomorrow

SPX 6700 key level break above with strength > 6750.

Can't break above 6700 and hold > probably lose yesterday's low (6655)

Bounced off 6700 and went to 6750 as expected then rejected 6750 as expected

Stress free trading without having to guess, just trade the levels and watch volume/flow