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DaddyDersch OP t1_iy68n9k wrote

Reply to comment by Fun_Bed9734 in 11-28-22 SPY/ ES Futures and Tesla Daily Market Analysis by DaddyDersch

i bought puts cause even if im wrong tomorrow i feel pretty confident that by thursday (i bought 3dte) and friday (4dte for tesla) that my puts would be green

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Fun_Bed9734 t1_iy69yxv wrote

I'm playing volatility. I'm buying a strangle on SPY. 395 is great support, but if it fails we could see 390 tomorrow. If market ends at 395 then I'm buying 400c/390p strangle. If we end as 390, then getting 395c/385p. Let it ride thru Powell's speech, and maybe play PCE data. But, reluctant. This market is getting more and more volatile with poor liquidity

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DaddyDersch OP t1_iy6e4an wrote

I dont hate that idea

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Fun_Bed9734 t1_iy6h22n wrote

I had bad luck last week. But it's on me. I should've seen how poor liquidity would be, and what a tight range we were on. Greed truly is a mf, but it was a humbling lesson to learn to wait for a proper entry

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