SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
Jeez talk about the market over reacting today lol....
There is not another shoe drop in the next 2 days so we will probably hover to the close and tomorrow..... What is the next economic data release? I assume something with jobs is Friday lol....
I do nto see capitulation so much since the economy is still growing and companies are having good earnings. Inflation fears mean more rate hikes but .25% at a time means the market will still have room to grow. If Oil could just behave (it is an inflated price by traders in my opinion) the market could settle down a bit and chill during the intra-eanrings season lull leading into the summer.
I do nto see capitulation so much since the economy is still growing and companies are having good earnings. Inflation fears mean more rate hikes but .25% at a time means the market will still have room to grow. If Oil could just behave (it is an inflated price by traders in my opinion) the market could settle down a bit and chill during the intra-eanrings season lull leading into the summer.
When I opened the 10 SPX1275/1265 @1.80, I also bought 10 SPY 129 May PUT @0.65. I converted the PUT into a Bear PUT buy Selling 10 SPY MAY 128@ 0.30.
When I saw the CPI result this morning, I also Bought another 15 SPY JUNE PUT @1.50. Now up to 2.00
I am waiting for late afternoon or Tomorrow morning to see what to do with the 1275/1265. By late afternoon, If we are at 1275 or higher, I will be ok.
When I saw the CPI result this morning, I also Bought another 15 SPY JUNE PUT @1.50. Now up to 2.00
I am waiting for late afternoon or Tomorrow morning to see what to do with the 1275/1265. By late afternoon, If we are at 1275 or higher, I will be ok.