Don't Call It a Comeback

Do you like the way the averages are trading into the close? We've retraced a little bit of those losses, so things are not looking as bad as they did this morning.
I have been quite busy this afternoon, and it looks like everyone else has been also. I still have a long day ahead of me. The Marketcast is on deck followed by some Mastertalk tonight. For anyone that will be attending, do you have any special requests for topics?

How about a little psychology trading this choppy market. Am I a bull or bear I can't decide.

Hi Jeff,

CME broke down today from the symetrical triangle. Target of 500. What is your opinion?

Henry

annonymous was me..Sarah

for master talk tonight, how about future contract of ES and NQ for day trade.
Thanks.

Clara

For those interested in index options: How about going long on the NDX for tomorrow? Close to support? What about the market forecast? Momentum line is at 0........

I have been waiting for a entry signal (re-entry) on X. Now it is taking off breaking the 100 mark. Any advice here, did I miss it again as today's candle is almost $3 making R/R a problem.
Jeff I liked the open style of your session last night and walking through your trades was great.
Bob H.

Foe the CME person:
Recent experience;
Stock at $536 Bought 540 put
Stock at $540 Put at $22.00
Stock at $235 Put at $16.50
Stock at $229 Put at $18.50 when I happily got out. This all in two days. Makes no sense to me...anyone?
Are pork bellies or whatever non sensible?
Marge

Marge,

Which month did you purchase? Also, I hate to ask...but are you sure you bought? Any chances you might have sold to open?

Jeff

Jeff,
No I did not sell I 'bought' for April!!!!
Marge

Jeff,
I 'bought' not sold to open for April.
I was so stunned that I wrote it down as it happened!?
Marge

Marge,

You bought an April option. That's why! It's melting in your hands!

A wise man once told me that when you are going to go long, go long (buy extra time)!

He continued to tell me when you are going to go short, go short (sell short amounts of time)!

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...I'M AN OPTION ADDICT...I'M AN OPTION ADDICT...I'M AN OPTION ADDICT... ...I'M AN OPTION ADDICT...I'M AN OPTION ADDICT...I'M AN OPTION ADDICT...

About me

  • I'm Option Addict
  • From Saratoga Springs, Utah, United States
  • I am a professional trader and an instructor for Investools. I've had relations with the markets for 9 years. Born in Concord, CA, but reside in Saratoga Springs, Utah. Father of THREE, Husband of one.
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