These situations happen often but not typically on this scale. The fact that the stock is trading 47 points above the highest strike available for positions going all the way out til dec 2028 means there are going to be a sick amount of shares bought by market makers.
@ThePopScope@Variety if you from the street, specifically brooklyn, there is absolutely no doubt whose verses are better on this song...but to appreciate a lot of Jay's stuff you honestly just had to be there.
@mike_daddino there is never a time this guy Fox feels like he should pass the ball. He takes the most insane shots even with 3 or 4 guys on him while his whole team is wide open.
Closely following $SPY and $AAPL today and both are showing signs of at least trying to turn around. $SPY off that 731.58 floor and $AAPL off that 290.80. If those floors continue to hold there could be a little run at least. If not, it might get much worse out there.
@The_RockTrading Yea the play for puts over the weekend was always risky cause it was always possible the big move would happen before 930 on Monday and be heading back up by then. Friday to Monday morning puts still worked out though but you had to sell pretty quick after open.
@ajbtruther especially if nikkei stays down or goes down more...by this time yesterday nikkei had turned around and was up a lot already...still down a good amount today even though less than it was down earlier.
@ajbtruther nice, these moves down happen like this...they dip fast and hard and then slowly inch up, but reject at some point and collapse even further than they dipped before...I hope and think the spy will collapse again soon to 514 or lower at some point before it gets to 521 or 522.
@ajbtruther nice that was amazing timing to get that return, i only got 350 percent return at close on the spy puts i bought near the top today before it collapsed...i also picked up some nvda puts though which hopefully makes up for it.
@ajbtruther you are thinking right, bro...puts is definitely the better play, as it was last night...i hope you picked up more before the dump today...that is way to make big money on these moves, to stick with your convictions and pick up more when it goes the other way...if u still believe
@ajbtruther spy move up right now is false, gonna collapse as long as nikkei keeps moving down or stays down..same exact bump at 8pm last night, and people were hoping to get a bounce tonight, but it's not going to work out...unless something changes dramatically
@oogabanana@ajbtruther yea but that is all falling apart, as japan raises interest rates and we lower them, closing the gap that they use to make money. Even when the Bank of Japan changed course stocks fell, it's just time for a healthy correction either way, tbh