Sorry I don’t trade based on news. I trade by what I see with my eyes and charts. Getting paid with tvix today.
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End of All Bear Markets?
- Thread starter trader99
- Start date
Sorry I don’t trade based on news. I trade by what I see with my eyes and charts. Getting paid with tvix today.
I bought calls 11 strike on SQQQ. It went up 20 cents today but still another 20 below the price I bought it. Options decay like crazy if things don't move int he right direction. I got in my TQQQ calls on Friday then flipped it this morning for $2K+ in 30mins. Had I held on I would have loss half of my original value. Gotta be quick with these options...
But you do have a point. I could have kept the SQQQ calls and bought the TQQQ calls..
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Long deep PUTs broski! We made money with gold together, you need to join me with PUTs as well! There is still a few non polluted small-mid caps somewhat liquid with good Premiums to buy PUTs
We did make nice money in gold calls! I made bank on those gold calls in January. what are you playing nowadays bro?
Long PUTs on JNK/HYG, and PUTs I had from while back on Mortgage Company that went down the toilet, expires April 19, likely to close it in March before things deteriorate in the markets and premiums fly on PUTs... I am gonna place everything from that trade into HYG PUTs, effectively going 100 % of Account of PUTs on Junk Bond ETFs.
The beauty of Junk Bond ETF JNK/HYG are that they follow mostly Industrial Junk Bonds, mostly US Shales which is a Ponzi Scheme... Some big boys have been making a play since beginning January in those two ETFs, the collapse will be epic. Could write 5 paragraphs on this thesis, just look at March 19 PUTs OI on HYG, all those buyers in Jan-Feb of Junk ETF shares were also furiously buying PUTs on them, there is a very high interest from big volume traders to destroy Junk ETF, once it snaps, Junk bonds especially Industrial Junk Bonds won't be worth shit, considering you aren't getting much on the dollar in Oil defaults, bankruptcy sells Rigs or land with baby wells already drilled to death, nobody is gonna catch the Junk Bond Knives and could see the prices collapsing very very quickly, something's worth is determined by what somebody else is willing to pay for
Play in Oil was also made by the big boys but I didn't dip into that. More money to be made from Junk ETF Collapse then Oil Collapse I believe
The beauty of Junk Bond ETF JNK/HYG are that they follow mostly Industrial Junk Bonds, mostly US Shales which is a Ponzi Scheme... Some big boys have been making a play since beginning January in those two ETFs, the collapse will be epic. Could write 5 paragraphs on this thesis, just look at March 19 PUTs OI on HYG, all those buyers in Jan-Feb of Junk ETF shares were also furiously buying PUTs on them, there is a very high interest from big volume traders to destroy Junk ETF, once it snaps, Junk bonds especially Industrial Junk Bonds won't be worth shit, considering you aren't getting much on the dollar in Oil defaults, bankruptcy sells Rigs or land with baby wells already drilled to death, nobody is gonna catch the Junk Bond Knives and could see the prices collapsing very very quickly, something's worth is determined by what somebody else is willing to pay for
Play in Oil was also made by the big boys but I didn't dip into that. More money to be made from Junk ETF Collapse then Oil Collapse I believe
Who made up this arbitrary bullshit number of 20% is a bear market?
I very much fear its the industry, merely so they could say, "Well, right now its not a bear market, so you must be safe to buy".
Actually, had I loaded up on SPY puts today I would have been paid. But I have other things to attend to besides trading all day.
don't worry...you may have another shot tomorrow...3/5/19....just keep your eyes open.
i was scalping QQQ puts this morning. Made over $1K. Not too bad. My target is $5K+ a day. Still working on it..