ES, yield curve and gold

[SunTrader]

GC keeps making HH's and HL's. Seems to be heading for another attempt (3rd time) at breaking and holding $2000 level.

 

[atrp2biz]

I tend to agree and I hope so! Barrick is my largest single-name holding!

I don't see much resistance between here ($180) and $190 in GLD. I'm also keeping a close eye on DXY and the USDJPY and EURUSD crosses in particular. My GC delta will stay positive (subject to charm) until $1975, so I welcome the continued grind up.

 

[atrp2biz]

1. What a boring day. One small put roll up.

2. Can't complain about gold. It's doing what I want it to do.

3. I played MSFT earnings to the downside by buying some weekly ITM puts and shorting NQ in the last 15 minutes. MSFT is up $10 after earnings release. This will cost me my P/L from yesterday and today. I'm disappointed that I sucked myself into this. Roast me!

 

[atrp2biz]

LOL. New dilemma. I can now exit NQ with a scratch. This move down from the evening open feels very unhealthy. I'm going to stick with the short NQ for now, but it'll be an interesting evening.

 

[SunTrader]

Unhealthy for longs currently.

 

[SunTrader]

NQ has already broken today's (1/24/23) low, so it might have much further to go, but of course follow your trade plan regardless.

 

[atrp2biz]

Bought back NQ at 11841. I think it's still going to be an interesting evening.

 

[atrp2biz]

1. It was definitely a more interesting day than yesterday. I hacked up my ES trades but still modestly positive. I don't think I did anything wrong--I had to manage my deltas in the morning and the ES just climbed all day. Kept my promise to myself by selling the SPX calendar upon touching 3980.

2. OMG--a green TUT day!

3. Scalped some GC in the morning. Added some short calls on strength near the end of the day.

Other: Closed the MSFT long put in the morning for a gain. Tonight is TSLA--just going small by selling a 135/155 strangle expiring this Friday.

 

[atrp2biz]

Interesting price action in GC this week with local lows at around 6:30 MT. Added to my GC position with 4 GC contracts filled @1950.30.

Will it get back up into the '60s? So far so good...

30 minute candles

 

[atrp2biz]

Added to my GC position with 4 GC contracts filled @1950.30.

Well that didn't quite work. I should have closed the additional longs half an hour after I bought them as GC went up to 1959.

1. I peeled off some ES puts at the close and bought a March 4030/February 4000 put calendar. I'm setup short and looking for volatility to return.

2. TUT was red again today--back to normal!

3. Still long the additional 4 GC contracts. Bought back some of the calls in the morning and sold them back out near the end of the day.