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Time : 1:18 ET on Friday and ES is at 5157. I feel ES will ease as we get to the close. Too much up in a short few days. People love to sell and sit on cash and reassess their investment on Monday?

How much he is making on each call? Maybe he is just making time decay and also possible drop in stock because people tend to keep the stocks for dividend and maybe sell it in ex devidend date?

The short answer is basically there is no free money. Dividends are priced in future option prices.

Fed might raise interest and market might go up. The reason -> investors are happy with the resilience of the economy and believe the economy can tolerate sustained high interest rate for a longer than anticipated. Feb might reduce the rate and market might go down. The reason -> Invesrors are...

It seems that those reacted so fast on AMZN earning day, were actually OUTSIDERS !

Seriously oil has dropped and if it drops, inflation will go down as well.

First rate cut is supposed to happen in August

Don't even doubt that tomorrow 5/1/2024 is an up day. I also believe AMZN should be up tomorrow as well.

Sold 20 ES 5060 PUT expiring on 5/1/2024 for $20. Also sold 20 ES 5100 Call for the same expiry for $6.2. Total max profit $26000 in 24 hours. The loss starts below 5034 and over 5126. Max loss unlimited.

Let's honor the individual who posted the above less than 24 hours ago. It is a genius of his.

Update yourself. Check the thread.

I cannot see TSLA jump can last. This will be a short term reaction to news and short covering. COST, WMT, TGT are down. 50% of DOW elements are down. NVDA is also down. Market does not catalyst to go up.

I view it this way. EV car sales are down because of lots of competition so MUSK is trying make money by offering his technology to China.

TSLA is about 2.4% of Nasdaq 100 and it is up 15% now so a contribution of 0.36% gain to NASDAQ 100 and Nasdaq is up about 0.27% so excluding TSLA , nasdaq is down.

You are absolutely right. We are only exchanging our opinions. Nothing is for sure in this market.

It is not individual stocks. WMT shows the pulse of the economy better than GOOGL. 33% of DOW were down. INTC, JNJ, DIS, WMT, CSCO, IBM, AAPL, AXP,....

Market did not reverse. Today's rally was with limited stocks like GOOGL and MSFT. TSLA, AAPL were red. 12 elements of DOW were down. We still have big inflation and also fear of recession or stagflation. No worry of a collapse but things to think about. Put a big weight on WMT being down.

I am not talking about the long term. Now ES is $5144. In a few days, it should drop bad.

I nailed it as well :D

Closed all ES positions. I covered calls at a loss and ES futures at 5095 with an extra total profit of 59K. Yesterday's gain was 67K. Total of $136K gain in two days. When I lose I also lose big. Big Big. End of this thread for me.