SPY BEAR CALL SPREAD NOV 460/480 VERTICAL

I shorted on Friday in the November contracts trading $15 OTM for a net credit 4.40. Decent premium for sky high contracts.

Target at 50 DMA ~438; expect further bounce from support before the real correction, IMHO; all corrections so far were preceded by double tops.

I sold 62 spreads, can add or just hold. I don't recommend this for the faint of heart. Calls should melt on triple witching Friday 20 Aug;

note periodicity on the bullish waves up, we due for one now; each bear move has lasted only 3-5 days before bouncing. GLTA!

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Closed position on weakness intraday; re-entered ten contracts in late trade. Could get more bullish before it breaks, play safe, be defensive.

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Closed again on the surprise gap down. More econonews, likely to bounce as futurz gapped and traders need to cover those shorts.

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Traded calls intrraday 6x, 4/6 trades profitable. Scalping. Wait for the gap to fill before shorting again IMO

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Gone into all cash holding onto gains can rally here or sink more, pure gamble. Indices nearing or at oversold.

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Technical bounce likely before deeper selloff IMO. Risk-off!

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Got to close that gap IMO. Don't get caught short!

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More scalping EOD in SPY calls. Closed all. Might rally, might not.

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Re-enrty in the Oct 455/470 VCS for $3.13 Credit, ten spreads

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Entered a bear put spread and then closed it and Closed these as well, might spike pump EOD

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Yep looks like a pump incoming, short covering. Sell the rally!

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I closed it all who knows if they bounce it, probly gap down but idk, take the money and run!

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VERY tempting to chase this bear move but 4400 has been support; price stopped right there spot on; might firm up here. Pure crapshoot, wait, see. In cash.

Also notice we got an impulsive EW from M-Th; this looks like a fifth wave; if so, next move = up.

Friday is Triple Witching. Day trades only now!

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Re-entering spread in Nov 367 calls, long the 382s for a $15 spread which trades $15 OTM on 09/02/21. Net credit $3.01, ten spreads. Let's see...

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Back in this see recent posts, shorted Nov 457 spread vs 372 calls, net credit $4.20 on 20 spreads