Election theme

[PoopyDeek]

Marked to +188K on AMZN.

Marked to 186K and (now) long 2K spot. I will not update this further. I am going to cover prior to the report.

 

[Doobs789]

Sharp shootin' there, Ace

 

[kpercent]

I am long ES from 2805. I think this is the beginning of the final leg up, with the US and Europe planning to reopen the recovery will probably continue the next few days.

I do think we'll see a recession this year, but potential catalysts seem to be at least a few months away. A second infection wave is one candidate, Q2 earnings is another, maybe inflation concerns (?)

Out of my original long at 2836. Took some small losses in both ways before getting a win from 2791-> 2877.

The return of the 'market always goes up' mentality where bad news is discounted and the market jumps on good news is what I was expecting for this final leg up.

Would've held the 2791 long but I got spooked out by the gap up. Will probably reenter if it settles around 2830 at US market open.

 

[PoopyDeek]

GILD hits 98 tomorrow. Short YM 24,190; buy GILD 89; equal notional.

The rotation out of tech AH (AMZN is flat to down) shows how fragile this mkt is here.

 

[kpercent]

Buying QQQ 08/21 200 puts seems like a simple and nice move. By that time we'll see Q2 earnings, progress on the election, and since most countries will likely lift lockdowns by early June we'll probably see a second wave by then.

It traded at 11.25 last which looks cheap to me

edit: something like the 190/210 bear vertical would probably be better, last traded at 5.83 debit

 

[yc47ib]

 

[PoopyDeek]

Bot the 45/50 bull spread at 1.9. Got lucky AH and shorted shares 477. Covered short at 427 average. Made 3x the debit on the short spot.

 

[illfuture]

Where is the market going poopy?

 

[PoopyDeek]

I had a decent week. Up 5% across all accounts in listed vol. All accounts mirrored within a 1-2 contract rounding error.

 

[illfuture]

I'm talking about the spot market going forward.