Community discussions
SPY I wrote on Friday 'if this keeps going up, i might have to swing a call for Monday'.Burt immediately replied 'please dont ruin calls for the rest of us'
But it didnt go up, so i never bought the calls anyway.
And now i predict Monday it will Open Flat or Gap down, and on top of that the IV will be crushed, so the expensive calls that everyone bought on Thursday and Friday will be hit hard.
I come up with this theory because i see that despite SPY ending $10 up from open, none of the Bulls are celebrating.
That means most of them are not up by much, if at all, and MMs have kept them within punching range.
SPY it is so confusing, Tsla looks like will free fall next week, and this couldn’t feel stronger, Whois even buying this levels w so much passion.
SPY The lead up to Xmas looks noisy. Don't kill the messenger
SPY "Nobody that leaves a cult, knew they were in a cult" - a cultist. Anyways I did a little buying today but mostly selling constantly balancing on a tight rope is fun, until you look down then you realize its even more fun. I can't complain and I'm glad its friday, I hope you all had a prosperous week.SPY house votes Tuesday to release Epstein documents
SPY This baby is just consolidating. Bounced back from POC, bullish sign. Volume still good. I think it will go up in Dec. Over all a slowing momentum. Poor Christmas sales will slow the market I think
SPY Monthly OpEx is next Friday :)put/call ratio on spx tilts toward put.
So how can MMs and institutional option sellers make money???
Answer: By rising indexes to ATH
My opinion is SPY will be 690+ next week. So the poots that they sold you become poof đź’¨, of course they have to pay for the calls but overall it is better for them this way than paying for puts because put/call ratio favors puts.
They may attempt to chop chop the whole week but I doubt that they will be able to sustain it.
note: Not a financial Advice. Do your own research
You guys have a nice weekend. I can’t cuz have to work like a horse.
SPY MMs did a good job today second half of the day. I was lucky i didnt take any further trades. Now Burt Reynolds can relax. Cos he was worried i was gonna buy calls.You're relaxed now arent you Burt.