Search results

Keep doubling down creampuff.

Shawman anxiously awaiting opportunity to post "green by lunchtime".

Shawman advises doubling down on the aberrant lower open to be made whole. If that doesn't work, he'll usually step aside till the smoke clears.

Mr Shawman feeling confident about the prospects of the first positive Friday close in 2020. We shall see.

Another oversimplification of options.

Never. "It's a club and you ain't in it".

Wildchild resents all athletes, he's pretty consistent across the board. Helps when you know that he was last picked in every playground sport as a kid.

Shawman should be making an appearance soon. Take notes, Jason C.

You need Rick Shawman's Master Class on market punditry.

I'd be impressed if you went long 3293 for the ride into 3330. Hardest thing to do, IMO, is have your finger on the trigger biased to one side of the action while simultaneously entering and holding the opposing position.

Always the same, no reason to ever expect otherwise.

If implied vols decline, then on rallies the calls wont gain much while the puts decline at an accelerated pace.

I will say that AMZN up 8-10% on Friday with the NQ being sold ugly the whole way down was very spring 2000 to me. If you remember back 20 years ago there was a point when Nasdaq was going full bore parabolic with dow basically flatlining. These recent dislocations last week with Tesla and...

I agree, but we've all known this for years. The progression from the 2008 bailout vote thru QE1, QE2, QE3, the Yellen flip-flop, the Powell flip-flop, now Repo-gate. It's moral hazard to the nth degree. Each crisis requires an exponential leap forward in "liquidity provisions" to keep the...

Yes, absolutely, but at some point he'd have to decide when and where to dump the SPY shares or roll out the puts to a further date and/or strike price lower. The problem, of course, is that if the market were to drop 30-40% in the next year the cost for protection would increase dramatically...

The script has been in place for a decade. Anything that threatens the status quo is met with ever more liquidity. Now that this virus is going to hurt the numbers going forward, it implies even more dovish-ness. Let's face it, two weeks ago, fundamentals weren't really a focus, it was merely...

Well there is also the potential of the market dropping 35% between now and Jan 15, 2021. At expiration your put expires worthless and your underlying SPY shares are down 35% with nothing to offset the drawdown.

You can still typically fill at the mid-price. Also depends on DTE and other factors such as strike price, etc.

ES futs options have 3 expirations per week (M/W/F), plus end of month expirations. Liquidity is good, spreads are reasonably tight, etc. It's about the only thing I like to trade in binary markets such as these. (FWIW I traded ES futures since they launched in the 90's, but for holding...