Who's selling in this rally?

viruscore1

viruscore1

With the market crazy swings maybe best to take profits while I have them. XLF Nov 23 $26 put options assign last friday. Today I sold position at 26.55. Then sell nov 14 $26 put options for .40. I don't mind taking assignment again, especially before ex-dividend date.
 
lylec305 said:
With the market crazy swings maybe best to take profits while I have them. XLF Nov 23 $26 put options assign last friday. Today I sold position at 26.55. Then sell nov 14 $26 put options for .40. I don't mind taking assignment again, especially before ex-dividend date.
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As far as SPY, QQQ; most all are selling those below 200dma. And even more selling those on 3 year charts. Plenty of selling XLF, but up a bit YTD; maybe on higher rates expect.........[Edit ,NOT a prediction;$250 area on SPY may hold-this year anyway LOL:cool::cool:]
 
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lylec305 said:
With the market crazy swings maybe best to take profits while I have them. XLF Nov 23 $26 put options assign last friday. Today I sold position at 26.55. Then sell nov 14 $26 put options for .40. I don't mind taking assignment again, especially before ex-dividend date.
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Taking profit? That must be a joke?o_O:mad:
 
Valuations are still high, revenue and earnings growth are questionable, and interest rates are still on their way up. Not necessarily a crazy time to sell into a rally.
 
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