Stock Market Today: July 1st - 5th, 2019

Discussion in 'Stock Market Today' started by Stockaholic, Jun 29, 2019.

  1. OldFart

    OldFart Well-Known Member

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  2. OldFart

    OldFart Well-Known Member

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    Looks like /ES might be trying to fill the gap at 2955 area...
     
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  3. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    who thinks we close even/down for the day? I put a very small bet ~$125 on some Friday SPY 295 Puts
     
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  4. OldFart

    OldFart Well-Known Member

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    had the 2955 puts at $70. just sold for $140

    probably sold too early, but wtf...profit is profit
     
  5. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Nice! I was a little late to the party on this one. Hopefully I can make enough for a nice dinner at least!
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Nice :D Looks like the rally this morning is getting sold :eek:
     
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  7. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    based on tradingview's data the ES1! missed closing the gap by .25 today 2955.25 (high Friday) vs 2955.50 (low Today)
     
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  8. OldFart

    OldFart Well-Known Member

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    Yeah, I sold WAYYYY too soon....lol... I think 2955 puts hit $290....oh well at least I made some
     
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  9. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Rallying now during power hour. I sold at 1.27 on the way back down - made a couple bucks.
     
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  10. OldFart

    OldFart Well-Known Member

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    Here's what I was looking at earlier ES.png
     
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  11. OldFart

    OldFart Well-Known Member

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    Just above the 38 fib....insane

    38_fib.png
     
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  12. T0rm3nted

    T0rm3nted Moderator
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  13. OldFart

    OldFart Well-Known Member

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  14. OldFart

    OldFart Well-Known Member

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    weggie forming...

    ES.png
     
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  15. OldFart

    OldFart Well-Known Member

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    fixed with a reboot:

    wtf1.png
     
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  16. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    HUUUUGEEEEE money is flowing into CHK $2.5 11/15 CALLS. I spotted a single 159,000 contract buy and the volume on the call is @ 320,839 right now vs O/I which was 320,839. The 159,000 was purchased @ .14 ~ 11AM today.
     
  17. T0rm3nted

    T0rm3nted Moderator
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    So are you loading up!?
     
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  18. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    I only put my mad money on these tailcoat buys since I have no real strategy for them - I just have mental % stops.

    I might pick up a couple contracts and see how they do.

    But this is a $4.5M in total bet. I don't play PUT buys since they can easily be a hedge bet, but normally calls aren't a hedge, but they could be.
     
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  19. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    GLD is saying goodbye to that GAP - was hoping to see it get down there.

    Stalking:
    XLU
    XLP
    IYR/DRN
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    If the rate cuts really are coming then these sectors that you talked about should continue to do pretty well :eek:
     
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