Every big down day with futures falling further is followed by...

[Cache Landing]

Quote from noddyboy:

My strike is 1460 on the SPX...I sold a lot a lot. :eek:

But I am otherwise 100% short.

I don't think we will get below 1480, so you're probably safe.

 

[polpolik]

Quote from noddyboy:

My strike is 1460 on the SPX...I sold a lot a lot. :eek:

But I am otherwise 100% short.

I'll be praying with you.

Sold 1470 puts on the ES but holding ES short too.

I think we're safe

 

[Cache Landing]

Quote from polpolik:

I'll be praying with you.

Sold 1470 puts on the ES but holding ES short too.

I think we're safe

I've got a zero risk butterfly that peaks at 1490, so I'll be praying for you guys too. But we still need to get down to 1490.

 

[polpolik]

Well, got out of my ES short positions but will let my naked puts go til expiration. Looks like this market will try to approach recent highs. I got a feeling they will push ES past resistance levels.

What a day :eek:

 

[noddyboy]

Quote from polpolik:

Well, got out of my ES short positions but will let my naked puts go til expiration. Looks like this market will try to approach recent highs. I got a feeling they will push ES past resistance levels.

What a day :eek:

The more I read the charts, the more bullish I become. I am going to cover the rest of my shorts tomorrow (covered some today) and maybe buy some calls with the put premiums.

 

[Matt24SPFL]

This truly is a resilient market. Wow.

 

[polpolik]

Quote from noddyboy:

The more I read the charts, the more bullish I become. I am going to cover the rest of my shorts tomorrow (covered some today) and maybe buy some calls with the put premiums.

Turned out to be a pretty good move, huh?