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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="D1984" data-source="post: 16388070" data-attributes="member: 170122"><p>I unloaded my EWG puts for a small loss yesterday. Still have my SNAP puts but don't expect them to ever hit. I made a small day trade on SPY calls also yesterday and made about 40% on that, I should have held. This morning I took on a large trade in SPY calls because I think the Fed MAY actually be able to pump this thing back up to ATH before the elections. Call me crazy but we live in crazy times. Looking at trader discussions around the internet, I am now seeing the same thought process from put buyers as traders who bought the top and kept averaging down to 0 in previous bubbles like certain biotech stocks, greek shipping stocks, crypto, etc. and this leads me to believe we have likely seen the bottom. We have never seen unlimited QE before, Trump has every motive to pump before election, and the psychology of put buyers right now is just too obvious to ignore. I've seen in a million times. I could be wrong, and I will reevaluate if we drop back below 2300 on the S&P</p></blockquote><p></p>
[QUOTE="D1984, post: 16388070, member: 170122"] I unloaded my EWG puts for a small loss yesterday. Still have my SNAP puts but don't expect them to ever hit. I made a small day trade on SPY calls also yesterday and made about 40% on that, I should have held. This morning I took on a large trade in SPY calls because I think the Fed MAY actually be able to pump this thing back up to ATH before the elections. Call me crazy but we live in crazy times. Looking at trader discussions around the internet, I am now seeing the same thought process from put buyers as traders who bought the top and kept averaging down to 0 in previous bubbles like certain biotech stocks, greek shipping stocks, crypto, etc. and this leads me to believe we have likely seen the bottom. We have never seen unlimited QE before, Trump has every motive to pump before election, and the psychology of put buyers right now is just too obvious to ignore. I've seen in a million times. I could be wrong, and I will reevaluate if we drop back below 2300 on the S&P [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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