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03-14-2022, 10:20 PM
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#3496
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,764
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The way this country is headed...everyone should buy 1M put options on the S&P...that's my deep thought for tonight
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03-15-2022, 01:03 AM
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#3497
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Bond funds are getting hammered. I think they are oversold, bought with both hands today. Market is assuming more rate hikes than the Fed has the balls for
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03-15-2022, 07:48 AM
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#3498
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by Rex Phinney
Bond funds are getting hammered. I think they are oversold, bought with both hands today. Market is assuming more rate hikes than the Fed has the balls for
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I've noticed that Rex.....
All the popular Bond ETF's have lost mucho value....
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03-15-2022, 08:21 AM
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#3499
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,810
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gold has been slipping in price vs. the US dollar. who would have thought this dollar would be this strong with Biden as president for over a year now? (not me).
anyway, this gold consolidation is a good one. the key numbers heading south are going to be, 1920, 1900 and the extreme bottom 1780.. i don't think it gets to the bottom because of the length of time in this last expansion of price. which has taken 6 months.
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03-15-2022, 12:15 PM
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#3500
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Registered User
Join Date: Mar 2001
Location: Bullhead City, Arizona
Posts: 330
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Oil this morning is down to $95. What am I missing?
__________________
Mike
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03-15-2022, 12:57 PM
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#3501
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by geroge.burns99
I've noticed that Rex.....
All the popular Bond ETF's have lost mucho value....
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It's pretty much all I'm buying now. I think stocks have a ways to tumble still, so I'm just nibbling at those on really bad days
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03-15-2022, 01:47 PM
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#3502
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by Rex Phinney
It's pretty much all I'm buying now. I think stocks have a ways to tumble still, so I'm just nibbling at those on really bad days
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03-16-2022, 04:42 PM
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#3503
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Hows everyone doing after Fed Meeting?
Hey PA Mike.....how are you?
Would like lessons on options if you can..... 
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03-16-2022, 04:55 PM
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#3504
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,764
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Quote:
Originally Posted by geroge.burns99
Hows everyone doing after Fed Meeting?
Hey PA Mike.....how are you?
Would like lessons on options if you can..... |
Yeah, you're funny...lol
Obviously I was joking...or I would have posted a stop
I'm not posting trades anymore...just going to let my automated system have at it
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03-16-2022, 05:17 PM
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#3505
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
Yeah, you're funny...lol
Obviously I was joking...or I would have posted a stop
I'm not posting trades anymore...just going to let my automated system have at it
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I'm serious...would like to learn....and you seem to know what your doing... 
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03-16-2022, 06:02 PM
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#3506
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Registered User
Join Date: Mar 2017
Posts: 1,033
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I see PA post these picks and I wish I knew how to do options. All I ever hear about options is people getting hurt because they don't know what they are doing, except for the few like PA that have success. Keep making that money PA.
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03-16-2022, 06:11 PM
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#3507
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,764
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All those trades I posted were NOT options.
They were S&P E-mini futures contracts. They basically trade just like a stock. In fact, you can think of them just like the SPY ETF. Except they have their own set of margin requirements, they trade 23hrs a day from 6pm on Sunday until 5pm on Friday (eastern time), and the contracts expire every three months.
You simply buy and sell them (or short them) just like you would any stock or ETF.
They move in .25 increments (or ticks) and each tick is worth $12.50 per contract.
So if you buy 1 contract at 4200 and sell it at 4201, you make $50 minus commissions.
https://www.cmegroup.com/markets/equ...-sandp500.html
Last edited by PaceAdvantage; 03-16-2022 at 08:07 PM.
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03-16-2022, 08:06 PM
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#3508
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,764
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Quote:
Originally Posted by PaceAdvantage
We've been in a solid and established downward trend channel since the beginning of the year.
Last time we hit the bottom of the channel was around Feb 24.
If we hit it again (only approaching the midway point right now), you're looking at something around 3950 or maybe even lower...might take another month....might be sooner...
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Guess what? Looks like that solid and established downward trend channel that's been going since the beginning of 2022, is now null and void.
It was tested and rejected in a big way today between 2-3:30pm...
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03-16-2022, 08:43 PM
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#3509
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
All those trades I posted were NOT options.
They were S&P E-mini futures contracts. They basically trade just like a stock. In fact, you can think of them just like the SPY ETF. Except they have their own set of margin requirements, they trade 23hrs a day from 6pm on Sunday until 5pm on Friday (eastern time), and the contracts expire every three months.
You simply buy and sell them (or short them) just like you would any stock or ETF.
They move in .25 increments (or ticks) and each tick is worth $12.50 per contract.
So if you buy 1 contract at 4200 and sell it at 4201, you make $50 minus commissions.
https://www.cmegroup.com/markets/equ...-sandp500.html |
I never heard of those types
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03-16-2022, 09:01 PM
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#3510
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,764
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Quote:
Originally Posted by geroge.burns99
I never heard of those types
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You're basically just buying and selling the S&P 500 like you would using the SPY ETF.
There are some tax advantages in terms of reporting trades to the IRS. With futures, you don't have to report all your individual trades...just total P&L at the end of the year.
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