DOW 23,000+ today?

[Grant 302]

With that VIX spike, it'd almost seem like pretty far otm puts on the SPX and SPY are almost guaranteed money, and QQQ to a lesser degree, although I guess cash is always a position.

And all you gotta understand are which strikes are the ones that ‘expand’ the most with the expected move…assuming you expect the right move…and the right timeframe.
Otherwise, it is like shooting fish in a barrel.

I’d say just remember that the movement in the VIX is a symptom, not the cause.

 

[xr7]

Hang on to your hats, I'm guessing the stock market is going to be a rough one tomorrow.

 

[Dave_W]

Odds on tripping the circuit breakers?

I'm thinking some of this was already baked in over the last several days / weeks. But I'm not sure most players thought they'd go for the whole pie instead of just the couple slices on the east end, at least since Monday night.

 

[Bill Pemberton]

Gotta a feeling with the invasion we are in for more than one rough day , it could be a very rough year!

 

[Grant 302]

I’m up almost 5% for the day right now.
People buy insurance for so many things…except their equities and investments.

Essentially, I bought double…in a costless or ‘free’ strategy. Crazy, right?

 

[302BOB]

Last Wednesday, everybody thought was going to be invasion day......nothing......since then "it could be any time now"........Putin is just laughing as he watches the media circus unfold.All those sanctions coming his way don't seem to phase him.......Bill P. is right.....This is going to get ugly when it DOES happen, that's for sure!

 

[Grant 302]

Credit-rolled most of the put side positions. Closed all the remaining covered calls. Just over 3% gross on the cash generated.

 

[Grant 302]

This is going to get ugly

Not for everyone.

 

[Grant 302]

Credit-rolled most of the put side positions. Closed all the remaining covered calls. Just over 3% gross on the cash generated.

…aaaand closed in the green.
Like I know what I’m doing. Lol.

 

[Grant 302]

Credit-rolled most of the put side positions. Closed all the remaining covered calls. Just over 3% gross on the cash generated.

Well, easy to see today…that was the right thing to do.


Gotta know when to fold ‘em…

 

[302BOB]

Another tidbit from "Today In History".....".March 8, 1817..... The New York Stock & Exchange Board, which had its beginnings in 1792, was formally organized; it later became known as the New York Stock Exchange."

 

[Grant 302]

One thing I hope somebody, anybody takes away from this thread is that there’s really never a right time to panic.

 

[xr7]

One thing I hope somebody, anybody takes away from this thread is that there’s really never a right time to panic.

The right time to panic is usually yesterday

 

[Grant 302]

The right time to panic is usually yesterday

 

[Grant 302]

Just getting interesting.
I keep telling people to hedge. Nobody really does, AFAIK. Spike in the VIX is paying pretty well right now. Gonna fund a lot of purchasing when the time comes.

Still this.

South (just) of 32k is a target. Somewhere just North of 4k for the S&P. Time will tell.

And finally this. Prediction/target quoted from late Jan ’22. Should’ve said yesterday.



Good times, until I see the tax bill.

 

[Grant 302]

This is probably a bit clearer. Direct hit on the prediction - for both indices.