Posts
avatar

Market selling off after hours and I got up and came straight to eating tacos at 8:44 Eastern to the one place open.. eating them as we speak making this post. Here's why I'm not stressing. $QQQ has its daily, weekly AND quarterly implied lows all stacked at 660-670. Three levels on top of each other, with 2 months still left in the quarter. $SPY loses 750? (Is in after hours) Straight shot to the 740 node. Fine by me. Lots of unfinished business to the upside. This is not the real move down to the low 700s. This is a bear trap. The bears are giving it everything they've got and they're about to get squeezed. We get 779 before we get 715. 779 by December 2nd. Gap down tomorrow? Yes it stings. But I’m taking advantage of it. I'm buying the shit out of it. I will sell another cash secured put on SPY if we see the 740 node, a couple of more calls for January, and I'm rolling all of my November 20th calls for $QQQ into at the money strikes to improve the delta and exposure while sitting at a quarterly implied low. Why? Because that quarterly implied low is a major level and the bears are trying to short this thinking we're going down to the depths of hell crashing. We are not. They're going to get squeezed and their faces ripped within the next month. Mark my words. Send it there. I DARE YOU. 740 by 12/2 on $QQQ 779 by 12/2 on $SPY I am not worried Thank y'all for your attention to these matters. — Obnoxious Bull Jonesy $SPX $SPY #SP500 $ES_F $QQQ $NDX $CL_F #US10Y $TLT

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment