Winning

Winning

Tuesday, September 1, 2015

SPY puts order

I am getting in SPY puts. After examining the market I have determined that we are all in trouble, this is going to keep going, the dead cat bounce just unbounced.
Below is the chart for SPY and what I was thinking when I was looking at it:

So todays candle tells us a lot. That gap down is pretty serious and the top tail tells us that its a top candle, there is plenty of room to drop:

My in:

So if this goes the wrong way tomorrow, or if there is a jump up, I always have the ability to double down.

Now you may notice that the option price is a bit pricy. I usually dont go with the crowd , for example, I should have bought yesterday. But after looking at the chart, I foresee more carnage for the next several days.

Tradinginsider

Related Posts:

  • Ready to roll the bones>RDUS and BMRNHere is an example of two pharm stocks that have jumped on data and the drug is not yet at market. BMRN had a phase 2 result today (more phases to go) about potentially preventing dwarfism in children. RDUS got done with a 25… Read More
  • Update on TNXP and SGYPTNXP looks like its moving into position: It is currently flashing a top signal, we are going to watch it today and make sure it is still displaying a top signal toward market close, as we did yesterday. We hold SGYP. Looks… Read More
  • Top Signal TNXP thrownOk guys, I waited until the end, top signal displayed for TNXN, I didnt see any avail july puts so I went out to sept to purchase the 10s. First the chart: And now the put order I am going to be jumping in on: And that… Read More
  • All Open Positions UpdateLets take a look at what we got open. SCHN, RDUS, QQQ, TNXP, and BMRN. 1) SCHN- Is going to announce next week. The stock is going sidways and has been for the last week or so. If what I think is going to happen happens, th… Read More
  • Scanning the markets...Will be back shortly with update.… Read More

0 comments:

Post a Comment