Begin to short BIG today

luckystar2006

All signs suggests that market needs to take a break atm before charging forward.  I'm going to wait for swing signals to confirm so I can go in sometime today.  If DOW drops >100 pts today, I'll be happy enough to get out.  Else, I'd hold until tomorrow.  My BIG puts won't get expired until next Friday so I won't worry much about holding longer than a day or two.

wnd4

georgeyn

五谷

luckystar2006

SPY is currently trading at 216.63, where I'm looking forward to exit my puts (~65% in the money right now) at the target of 216.00

luckystar2006

Hit my target.  I'm happy enough to get out here.  Done for the day.

I'll switch back to bull side early next week.

midshipman

这个put太准了！现在看来花街出完货了，准备杀牛了?

Elephant

hifive

lilili

max pain 213.5

newyorker

luckystar2006

lilili 发表于 2016-11-10 10:52 AM
max pain 213.5

I've been keeping track of max pain for quite some time, where I find it's not reliable at all.  However, there are few components within Options activities that work very reliable.  If you know how to take advantages of those components to work along side with your trading signals, the probability of your winning trades is EXTREMELY HIGH.   This is how you won't end up to get slaughter like a pig.

newyorker

luckystar2006 发表于 2016-11-10 12:50 PM
I've been keeping track of max pain for quite some time, where I find it's not reliable at all.  H ...

could you please share a few useful components that works in the options chart?  thanks a lot!

acoust

luckystar2006

newyorker 发表于 2016-11-10 01:54 PM
could you please share a few useful components that works in the options chart?  thanks a lot!

Here is one of those components.   I'll let you to explore the rest since I already spent ton of my valuable times and money to study and test them and therefore, you have to do your own homework.   Honestly speaking, beside Cobra, I don't find anyone here being nice enough to share anything.  So, please don't ask me more than what I'm willing to share because I think I'm already nice enough.

I posted below screenshot last night suggesting DOW would drop >100pts within a day or two because it showed >50% of puts are out of money.

At this moment, with market going back to test its previous high level this morning, you'd think that it's a great time to short market again.  Well, you could be right.  However, it's NOT going to be a VERY RELIABLE trade because the 2nd screenshot in below is currently showing that %puts out of money is less than 50%.  It implies there could be more rooms on the upside before hitting climax level.

wreckbeach

luckystar2006 发表于 2016-11-10 10:32 AM
Hit my target.  I'm happy enough to get out here.  Done for the day.

I'll switch back to bull sid ...

are you going to re-enter spy puts today?

Rosie22

While I am unable to contribute because of limited knowledge, your effort to share is very grateful.

newyorker

luckystar2006 发表于 2016-11-10 02:25 PM
Here is one of those components.   I'll let you to explore the rest since I already spent ton of m ...

Thanks a lot for sharing your insight to the setup. I do have some reliable signal, but it is not a signal to catch very turn, once it happens, it usually ocours within two days. I would like to trade or share with you for this signal if you'd like in email.

橘子皮

Thanks for sharing!

Cheese

Would you mind sharing your view of the markets by the end of the year?