Great job, I’ve missed having you send out what you’re long and short. Hopefully a karen doesn't loose their shorts and start complaining. Keep up the great work.
Thanks for this. I managed to enter my first options experience today, just had to check the right boxes and no convo with experts in person. 😅 Got 7 of them to start. Just going to see what happens with it, can’t get emotional about any of it...ever. Once I put that boat in the ocean, I just wished it well. Godspeed!
I fully understand that I need to do my own research and make decisions in the context of my ability to assume my own risks as appropriate to my situation.
Interesting stuff, but as an old guy to much pressure, not for me. But i did finally get a three month CD paying 4% for three months. Don't know if it's good or bad being Chase bank customer since the nineties. You tube stymied me from using your comment section for the last month. I contribute to your cause, but it would be nice if you acknowledged the less then 1% that do contribute to your cause. maybe an e-mail now and then. I would like to know why I was cut off from comments. I had quite a few people who liked what I wrote including you. Very frustrating. First amendment, free speech!! I can use Substack.
Greg, I appreciate your sharing your short positioning. My question is simple, at what S&P or SPY price will you cover and exit in the event your market expectations do not pan out?
Or another way to ask is, at what price on your option will you decide to exit to cut losses? (It looks like your average price is near $14 right now), so how low will you accept the option to go before you cover and exit?
My training was for at least a month out, and I went out a month and a half to a middle of June Ex date, but I also built in a 20% stop loss and was stopped out today. Maybe my stop was too narrow for options, I could have gone 30-50%, but I can also enter another position after taking a small loss on the option play. Your puts were up over $4000 in one day, so you could have sold early and re-entered another position later -- which tells me that there are many ways to trade, and you can be right or wrong, and as you said it is all about timing. It is very difficult to trade in this market because there are so many other forces at work -- many of them not so noble.
Greg,
Been watching and reading about a year
This was the best and most actionable info so far, IMHO....
Love the macro perspectives you give but this was your best personal energy investment 🙏🏻
Yes, it was a relief rally in a long trend down. Gold is showing its dual nature here.
Thank you for elaborating and sharing your knowledge with us. It’s very much appreciated! We all know that you are the man!
Well said my Vegas brother!!!
Great job, I’ve missed having you send out what you’re long and short. Hopefully a karen doesn't loose their shorts and start complaining. Keep up the great work.
Thanks for this. I managed to enter my first options experience today, just had to check the right boxes and no convo with experts in person. 😅 Got 7 of them to start. Just going to see what happens with it, can’t get emotional about any of it...ever. Once I put that boat in the ocean, I just wished it well. Godspeed!
PS
I fully understand that I need to do my own research and make decisions in the context of my ability to assume my own risks as appropriate to my situation.
Interesting stuff, but as an old guy to much pressure, not for me. But i did finally get a three month CD paying 4% for three months. Don't know if it's good or bad being Chase bank customer since the nineties. You tube stymied me from using your comment section for the last month. I contribute to your cause, but it would be nice if you acknowledged the less then 1% that do contribute to your cause. maybe an e-mail now and then. I would like to know why I was cut off from comments. I had quite a few people who liked what I wrote including you. Very frustrating. First amendment, free speech!! I can use Substack.
PS Your as sharp as tack.
great info!
thank you for teaching.
I bought one similar Put at market close on the 27th. This market is a house of cards. Peace.
Greg, I appreciate your sharing your short positioning. My question is simple, at what S&P or SPY price will you cover and exit in the event your market expectations do not pan out?
Or another way to ask is, at what price on your option will you decide to exit to cut losses? (It looks like your average price is near $14 right now), so how low will you accept the option to go before you cover and exit?
Thank you.
My training was for at least a month out, and I went out a month and a half to a middle of June Ex date, but I also built in a 20% stop loss and was stopped out today. Maybe my stop was too narrow for options, I could have gone 30-50%, but I can also enter another position after taking a small loss on the option play. Your puts were up over $4000 in one day, so you could have sold early and re-entered another position later -- which tells me that there are many ways to trade, and you can be right or wrong, and as you said it is all about timing. It is very difficult to trade in this market because there are so many other forces at work -- many of them not so noble.
👐 Futures back in the red now. Let's see how this plays out.
Thank you for hard work
The SPY August position is still at $410 as of 2 hours ago.
I see little need to fear.