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Interesting timing regarding the re-emergence of this thread. Similarly low levels of volatility in 2006 as now...a "drift up" kind of market, etc, etc...

There have been scanners that do/did exactly that, but it's been many years since I've even looked at that sort of thing. The "pre-algo" days with cleaner PA probably showed better results for many of the sort of patterns that you are probably familiar with. I notice that the more popular...

Three months ago it made a nice touch of the 200 day MA (and of course the Trump reflation trade).

Roughly one year ago today (2/11/2016): SPX: 1810 (low) today: 2308 (+27.5%) NDX: 3889 (low) today: 5212 (+34%) RUT: 943 (low) today: 1378 (+46%) INDU: 15503 (low) today: 20172 (+30%)

The troll accuses everyone else of "making up lies", but it doesn't apply to him I suppose.

I'm sorry that the thread got totally sidetracked. I'm not going to say that blindly buying cheap calls or puts is going to make a guy a fortune, but I'm also not going to say that it's the worse thing in the world. There are far better ways to play options than simply doing this kind of...

Nah, all we see is a desperate troll who purposely "confused" Es futures options with ATM SPY options and then "averaged down" on stupidity.

I'd advise you to stop feeding the troll more ammo. He's just here to take a shot at ya.

You just can't stop "averaging down" can ya?

18-20 years ago they were, not any longer. That could change obviously, but all I see are some aborted sell-offs that slowly start grinding back higher (usually assisted by some dollar-yen, crude oil ramps, vix bleeds, etc, etc...). A definite "Catch 22" type of market. Traders wait for the...

I guess you don't watch SPY or ES. Not aware of the tendencies on options expirations, etc... You are just a bore.

"Hilarious" didn't enter my mind when I read the article...

Wheat is showing signs of life.

Get a clue moron. The trend is up. Buying the "dip" is buying into the "trend". Now go back to figuring out the spread on an atm SPY option.

Agreed. I knew it would be trouble about 5-7 years ago when many comment sections required a facebook account to share an opinion. F' that. The vindictiveness of some people who disagree with the "wrong opinion" is epic.

I think that it's more nuanced. If you are a public figure and you side with the "wrong" political party, well you're f'd, unless you already have some cabinet position lined up with that party. OTOH, we see "the left" say the most asinine things and land on their feet within days. (Like that...

Have we determined that Ricter is now "Here4Money"? Sounds about right for a limousine liberal.

Sure, but a guy could also buy some "teenie" deep OTM SPY call options each time this market "dips" and probably have better odds than going to the casino.

26 to 8 against Freddie Snowflake's scenario... Snowflake can't stop losing.

Nice cherry picked argument. The 228 strike is ITM. Everybody knows that SPY options that are ITM have wider spreads. You still refuse to look at SPY options (first off, attempting to divert the conversation to ES futures options in the middle of the night). Then when you come back around to...