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SBUX is up. M (Macy's) is up 13%. It shows the economy is in great shape. Also fear is in full force as well. Fear will be eaten by Greed soon.

We all know that this downward trend will end soon and many of us will regret why we did not get in.

The market is oversold and poised for a rally. Reason? Well my barber just started to talk about a crash:sneaky:

If a stock is at $40 and you have sold the option for $35 and the price of the option is at $5.5, the exerciser would be stupid to exercise his options because he would lose $0.5. In general, it will never happen. It won't even happen in your account on the expiry date. It will happen on next...

An example of my trades in this market. I had sold MRNA PUT 130 while it was 139. I was assigned and then turned and put an order to sell at 135 (yesterday). 400 shares x { 5+1.35} = $2540. I know today it is over $142.

That kind of confidence in " NO correction" makes the downside more severe and damaging/profitable.

You are right about my warnings but it does not mean I am not making money in this rally. I shorted VZ at 58.80 and I also selling out of the money PUTs at the right prices and if the market drops, you will be in trouble but I won't.

The market is priced for a perfect world. Any surprise will pull back/crush the rally.

Be very careful buying at this price. The market will surprise us with a quick correction. Just be patient.

As of now at 2:00 ET on 4/7/2021 ES is at 4068 and looks like it is exhausted and we may see a pullback for the short term. Pullback might extend to 120 to points to 3950 if economic conditions like inflation help

The future is up now but there are signs that the market might be down tomorrow.

YTD Proof:

Genius o_O

I always sell. If I think a stock will go down and it is at 50 now, I sell weekly 52 call and if think a stock will go up and is at 50, I sell 48 put. I am on the dangerous side

I AM day-trading.

Part of it is addiction and the main part is that YTD, I have turned 550k to 930k and last year I have 380% return. Which investment gives me that return ?

Today S&P and DOW hit all-time high but 11 elements of DOW were in red. Many stocks like TSLA, M, BA,.... were in red. History shows that in these situations, we are close to a correction.

Also sell covered puts for your short positions.

Buy way out of the money short term Calls. That will increase your margin. Like Call 4200 for 4 days from now.

My short position is 2400 shares averaged at 58.88 and I have also sold weekly covered call 58 for 0.15. I have a feeling that S&P will drop 2% by Monday. Just feeling