Election theme

[Cuddles]

loaded up the cannons pre-market w/some comps w/a bit of alpha already, hopefully don't get wiped out by profit takers at the open

 

[kpercent]

Closed my shorts today. I have large longs in index and single-name. SPX deltas of 5,200. I just went long some ES as well at 2450.

Good through Monday's close. Perhaps 1500 Dow to gain. Perhaps 2000.

You called it. Dow is 1000 up already.

 

[PoopyDeek]

Covered futures at a gain of 130. I am likely up 500K on vol, but it’s two hours to the open. I think this will hold through Monday. We will see.

 

[Cuddles]

Covered futures at a gain of 130. I am likely up 500K on vol, but it’s two hours to the open. I think this will hold through Monday. We will see.

you reckon this is a "sell every rally" event (noticed you were holding index plays only)? I'm up nicely so far....though worry about the weekend corona numbers and rumblings of banning interstate flights & state quarantines

 

[PoopyDeek]

you reckon this is a "sell every rally" event (noticed you were holding index plays only)? I'm up nicely so far....though worry about the weekend corona numbers and rumblings of banning interstate flights & state quarantines

Impossible to know. The weekend news is so dire that a lack of any major disruption will be bullish.

 

[PoopyDeek]

Best sound ever is your ES sell to cover audible alert. I burst out laughing waking the wife and dogs. She kicked me out to the den.

 

[Cuddles]

Impossible to know. The weekend news is so dire that a lack of any major disruption will be bullish.

And to the 1st question? I just don't see how this market stays in a positive trend after the carnage....would expect some side movement before it would pick up again

 

[PoopyDeek]

And to the 1st question? I just don't see how this market stays in a positive trend after the carnage....would expect some side movement before it would pick up again

Agreed. Nobody knows. Have we reached the apex of the shutdowns? I can’t imagine we have. Impossible to pick the bottom outside of blind luck. There is zero historical analog to go by with this shit.

This will result in at least a quarter of negative GDP regardless of what the govt reports.

 

[VixTraderdf]

Best sound ever is your ES sell to cover audible alert. I burst out laughing waking the wife and dogs. She kicked me out to the den.

out at 2595 from 2408. 187 points.

 

[kpercent]

Agreed. Nobody knows. Have we reached the apex of the shutdowns? I can’t imagine we have. Impossible to pick the bottom outside of blind luck. There is zero historical analog to go by with this shit.

This will result in at least a quarter of negative GDP regardless of what the govt reports.

I imagine the US will have to quarantine eventually, at least some major cities. That will probably cause another selloff.

There's also a non-zero chance that Trump gets the coronavirus...