Forever Bull Market

vincentnyc said:
how about 0 dte? if u would have traded 0 DTE on a day like today, how much could u have potentially made?
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Can't say, I'm not comfortable with 0DTE, or have not found my "edge" with it yet. I prefer the above said DTEs instead.
Maybe others here can tell you more about 0DTE options.
 
v-shape-0DTE said:
We are in a new era of the market where stocks only go up and the VIX remains suppressed. It doesn't matter the news or what happens, the market is predetermined to keep going up with very minor pullbacks along the way. but each one gets a V recovery and goes much higher. if you don't believe me and think I am being disingenuous look at the price action not only this week, but all of 2023. Being red or any sharp red candle just forces and fuels this thing higher. No drop is sustainable. The market can't handle any drop and must go up to fix this.

There have been countless posts of the drop is coming, it can't last forever, etc... Here is the thing any red or drop is the part that is unsustainable. This market is so unstoppable, that absolutely nothing on the face of this earth can change it.
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You’re talking about the market, yet you’re only looking at the SPX. (VIX is just IV)

If you want to talk about the market, then you need to look “under the hood”, and then you’ll see how the market is weak, and that SPX has been driven up by only few the stocks.

Just look at market breadth, it’s really bad, yet you’re making claims that “this market is so unstoppable, that absolutely nothing on the face of this earth can change it.”

Be careful if you’re fully invested.

Can the SPX go higher? Of course it can, but if it will, then we’re definitely not in a roaring bull market.

Just my 0.02


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v-shape-0DTE said:
We are in a new era of the market where stocks only go up and the VIX remains suppressed. It doesn't matter the news or what happens, the market is predetermined to keep going up with very minor pullbacks along the way. but each one gets a V recovery and goes much higher. if you don't believe me and think I am being disingenuous look at the price action not only this week, but all of 2023. Being red or any sharp red candle just forces and fuels this thing higher. No drop is sustainable. The market can't handle any drop and must go up to fix this.

There have been countless posts of the drop is coming, it can't last forever, etc... Here is the thing any red or drop is the part that is unsustainable. This market is so unstoppable, that absolutely nothing on the face of this earth can change it.
More...
I'm new(ish) to Options trading, and you have a point to a point. I mean, the general consensus is that stocks in general (and in particular tech stocks) are highly overvalued. So, it stands to reason that the market should be due for a major correction. That said, regardless of what bad news catalysts come out (i.e. bank failures, (yet another) interest rate hike, geopolitical turmoil, etc) the markets just seem to shrug them off and continue going up. It doesn't really make sense. One can be excused from surmising that the market is being manipulated/rigged by the Fed. Free market forces being what they are (or should be), it only stands to reason that we should have seen a marked correction to the downside by now. Ironically, when I first started trading Options last year most of them were Call Credit Spreads, and most were profitable. However, my luck ran out once October's lows hit. Since then, the market has just gone up and up. Now, even when I identify a stock that looks like it's due for a correction to the downside (i.e. it has shot up markedly in a short period of time and likely not sustainable) and open a CCS on it it inevitably continues going up instead. No rhyme or reason as to why some stocks do this, and others don't.
 
v-shape-0DTE said:
Nope. I've been in the markets a long time and have seen it all. What we have in 2023 is so far different than any other time. We have never had a time in history like this where the market actually can't sustain a down move.
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I'm new(ish) to Options trading. So, I'll have to take your word for it. That said, market behavior does seem counterintuitive considering all of the factors that have been weighing on it. Also, popular consensus is that the markets are highly overvalued and thus due for a major correction... and yet it continues to go up.
 
Of course some overreaction here based on Friday. Sure we've had a few small red days here and there and of course it was up/flat today. The sell on Friday isn't even real. It's just setting up another V. It's been more flat/choppy than anything else recently.

That's the thing with the minor red days, it just magically floats/ grinds right back up. You know any drop is unsustainable in this environment. Looking forward to another fed week pump higher.
 
Bodrey said:
I'm new(ish) to Options trading. So, I'll have to take your word for it. That said, market behavior does seem counterintuitive considering all of the factors that have been weighing on it. Also, popular consensus is that the markets are highly overvalued and thus due for a major correction... and yet it continues to go up.
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Because it's pretty much impossible for these markets to correct. Have to train the mind to stop thinking about what could go wrong/ it doesn't make sense and tell yourself that they can't bring this market down.
 
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