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Stock Market Today : July 9th - 13th - Page 22

post #421 of 433
Quote:
Originally Posted by Davecash77 View Post


Take cover OldFart with a jack Daniels or 2

Jack-n-coke nice!!
post #422 of 433
Quote:
Originally Posted by Venom08 View Post

AAPL $606 has been retested and now I hope it ends the day over $608.

 

I dunno man .... weekly max pain of 605 seems likely to get pinned still

post #423 of 433
Quote:
Originally Posted by Rock Sexton View Post

 

I dunno man .... weekly max pain of 605 seems likely to get pinned still


AAPL stock fanbois like myself currently have higher pain thresholds.

post #424 of 433
Screw as many option holders as possible is the norm.

That's why you take profit on options when you have them! biggrin.gif

Dumped AAPL 605 Calls earlier while they had good value. They look to be expiring out of the money and worthless.
post #425 of 433
Quote:
Originally Posted by rst View Post

Screw as many option holders as possible is the norm.
That's why you take profit on options when you have them! biggrin.gif
Dumped AAPL 605 Calls earlier while they had good value. They look to be expiring out of the money and worthless.

 

With the TRIN down to .68 i plan on selling BAC at the close and picking up some TZA going into Monday as i think we could see a pullback..

post #426 of 433

Next week is going to be very important as far as technicals go. I think we have to get over 1360 and close strong above it for the week in order to continue higher here. If not, we may be heading back down to 1300.

post #427 of 433
I don't even care if u acknowledged it I'm still gonna repeat it lol.. Don't trade aapl options on Fridays!! haha
Quote:
Originally Posted by Rock Sexton View Post

I just want to mention how ironic the last part of the statement is .... because AAPL's chop was an absolute bastard to me today.  I don't even know how I found myself in it.  I know from experience how they like the pin the price on Friday of a weekly OPEX.  One of those trader "relapse" days.

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post #428 of 433
Damn this thread... Blows up on ryfoso™ days and almost no activity on ryfor™ days.. Need something to read after work dammit lol
post #429 of 433
Quote:
Originally Posted by tones View Post

I don't even care if u acknowledged it I'm still gonna repeat it lol.. Don't trade aapl options on Fridays!! haha

 

Probably .... just kind of depends on the range established, as well as what the market is doing.

 

Didn't help myself initially when I was going to buy my first set of calls and I accidentally bought puts.  Put myself in a real hole by the time I noticed which led to some forced chop trades.  There were still a good 2-3 opportunities that showed themselves after that and I fought my way back.  You just have to be aware of the max pain.  It will commonly find it's way there during the trading day and/or revert back towards it at the EOD so that those options writers make their cheddar.  One can definitely use it to their advantage.

post #430 of 433
Quote:
Originally Posted by Rock Sexton View Post

Probably .... just kind of depends on the range established, as well as what the market is doing.

Didn't help myself initially when I was going to buy my first set of calls and I accidentally bought puts.  Put myself in a real hole by the time I noticed which led to some forced chop trades.  There were still a good 2-3 opportunities that showed themselves after that and I fought my way back.  You just have to be aware of the max pain.  It will commonly find it's way there during the trading day and/or revert back towards it at the EOD so that those options writers make their cheddar.  One can definitely use it to their advantage.

That happens more often then you think lol.
I ended owning twice as many losing contracts when I hit buy to open instead of sell to close bacause that's the default setting in the brokers page. Super pissed but it was my mistake.
Had to live with it. Reversed the trade for almost a 50% loss.
post #431 of 433
Quote:
Originally Posted by OldFart View Post


That happens more often then you think lol.
I ended owning twice as many losing contracts when I hit buy to open instead of sell to close bacause that's the default setting in the brokers page. Super pissed but it was my mistake.
Had to live with it. Reversed the trade for almost a 50% loss.

Yikes.

 

Honestly, I don't even know wtf I was doing.  The call side is clearly to the left and the puts to the right on my platform.  I just went completely brain dead and for some odd reason clicked the puts.  It was like my hand had a mind of its own.

post #432 of 433

Im exiting my long from 1325 http://www.hotstockmarket.com/t/237346/stock-market-today-july-9th-13th/280#post_2876746

 

I like that we rebounded here, its a good sign for the bulls, but I feel we have maybe 10-15 points of upside here, so Ill cash out here and stand aside.

 

1355 is a good exit.

post #433 of 433

Guess everyone slept on this confused.gif

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Originally Posted by IchibomB View Post

oil looks to be forming everyone's favorite pattern

excellent absorption off of the monthly poc today at 83.40

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