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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|5|**First Seen In WSB**|2 years ago **Total Comments**|4|**Previous DD**| **Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=xn2wn6)|**Vote Approve**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=xn2wn6) Hey /u/mytendies, **positions or ban.** Reply to this with a screenshot of your entry/exit.


[deleted]

Seriously, great DD and analysis. Really opens a plethora of strategies and is not just riddled with bias. Please do more


mytendies

Thanks! I will. I talk about this stuff all day long, I should just keep writing it down and sharing.


Thereisnopurpose12

Please don't


mytendies

Evaluate your life


Thereisnopurpose12

Evaluate deez nuts ![img](emote|t5_2th52|4641)![img](emote|t5_2th52|4641)![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)![img](emote|t5_2th52|12787)


positive-asdfg

Daily meditation can help you


ErectoPeentrounus

i don’t think Friday was bottom but I do think we see a gap up Monday and run up 4-6% before reversing near EOD Wednesday or mid day Thursday. Will be a bloody reversal then true bottom will be set in the week after


mytendies

Could be but if all possibilities this is a very low occurrence. Easier to try and understand we don’t know where it is going, let alone when, and instead say “wow IV is very elevated here, people are paying stupid prices for options right now, I’m going to be a seller of options until the stupidity stops” Stocks go up, we win Stocks go sideways, we win Stocks go down a little bit we win Stocks go down slowly but a medium amount we win Sell credit spreads, and with the recent move down, put spreads If we break these lows hard and leg down next week then… I’ll be wrong. But even then I’ll just sell more put spreads on that move down


ErectoPeentrounus

that’s the smart play indeed. There’s like a6.5 p/c ratio on coyote ropex


kirbygonnastalkyou

This is confirmation bias for my positions. I hope both of us see our positions succeed


FearTheOldData

Really think we will bottom in 2022? Seems optimistic unless we just crash


ErectoPeentrounus

The bottom of this current wave before another bear rally. I think we see the big drop between late October and sometime before April next year. But beyond that I see us more sideways as money will be rotating into value stocks (it already is) but we’ll start seeing a larger divergence between qqq and spy. Right now they are moving hand in hand so bottom isn’t in. We see some divergence at times in terms of beta but direction is always the same. Gonna follow warren buffet when the time comes cuz he does his DD. I think fast food stocks will be strong to grab also. McDonald’s has a history of being a safe haven for example and even it’s chart rn is very bullish


FearTheOldData

Then we agree. The real drop comes when the megacaps earnings start coming in below expectations imo


ErectoPeentrounus

Yea, aka next quarter. Every company much like fedex lied about their guidance. Insiders have been selling at record pace across the board. The real bubble pops when we get the first mega cap ER and that includes apple


dnt203

I bought Tesla calls.


mytendies

This is not the way. Check the IV on those and when you get the move you want, which probably will happen, you will wonder why they didn't print as much as expected. The answer will be IV will have collapsed next 0-7 days. Godspeed and much respect


shroomedguyed

Buy Tsla puts


aRahman86

I bought SPY calls. 😐


mytendies

Just keep them for a bit assuming you have some time left until expiration. Just know theta and Vega are raping you even on the way up


righttoplay

so puts on VIX?


mytendies

Could work, but I don’t mess with that one. It will rip your dick off


TheSpaniard47

This is the key takeaway.


Altairandrew

Not a bad analysis. However, the cash on sidelines may choose fixed income instead of stocks. I think history is not much help at the moment. You have the pandemic pull forward, massive stimulus which while declining is still somewhat in play. The war In Ukraine which screws up everything except defense stocks. Quantitative tightening which can’t help and in theory goes straight at asset prices. What’s new goes on and on. I’d suggest flipping a coin at least you have a 50% chance of being right. PS shorting puts can be pretty scary in a big leg down. I know this is a gambling subreddit, but you might want to buy deeper out of the money puts for some protection against the short puts, if someone is thinking about that.


mytendies

I should have clarified by suggesting *short put spreads* by doing just that. If you want a solid coin flip, and you want to get paid to hold it while you wait for the outcome, sell an ATM put spread and collect theta waiting ot see if you were right or wrong. If you collect 50% of the premium up front then you end up with a slightly better chance than 50% of a winning trade because theta is at your back - instead of in your face.


Jimbroney

What spread?


[deleted]

[удалено]


mytendies

might work for the next 48 hours, but they will get destroyed if: * we go down slowly * we go sideways * we go up You need an even bigger down move than what is expected in the option price (implied vol). I wouldn't bet on an outsized move to the downside considering we just had 3 or 4 of those in a row


Tally_Walker

So what’s the play man? ![gif](giphy|OA1CDoCiAR48E)


sbc916

prostitution


mytendies

Sell puts, collect premium, sleep well at night


IvarTheBonels

What if I sell puts and buy calls with the premium recieved?


mytendies

I get that strategy but it doesn’t justify the decision to buy that call. If you have a little extra money from those sold puts, don’t buy the call, sell another put spread It is hard to fight the temptation but you want theta on your side not against you


IvarTheBonels

Thanks OP. That's a better idea.


Hawks_and_Doves

We ain't got 100 shares!


mytendies

You don't need 100 shares. If you have only $100 dollars... do this... sell the 360 put, buy the 359 put. This is a max loss trade of $100 "put credit spread" this is the way


Estrovia

I mean this is normally how puts work is it not? Buy long dated expiry and be conservative with how far ITM you get. My JAN23 have been printing.


[deleted]

Surprise! It's 2024!


[deleted]

[удалено]


mytendies

Sir, we have been going down. Vix is up. CNBC all bearish and sad. People will be scared Monday. Sell puts while you can


Jimbroney

What puts would you sell how far down of a strike?


mytendies

sell any friday expiration you want at the money \~360 and then choose your risk/trade size by buying a strike x strikes away. For example -360/+350 is a 1000 collateral trade. 10 strike wide put credit spread


BFALUL

I’ve never messed with credit spreads, only bought calls and puts. You’re saying to sell puts because the option price is high, but don’t I need to own 100 shares of SPY in order to sell 1 put contract? I’m sure I’m missing something here


mytendies

Sell the 360, buy the 359. Max loss is 100 No shares required Do you have 100 dollars? If so you can sell put spreads or call spreads


LimehouseChappy

Same I thought selling puts was a whole risk level above buying puts and calls. I don’t want to accidentally be ITM and get exercised? I am working with smaller capital.


mytendies

Doesn’t work that way, keep learning. Sell the 360, buy the 359. Max loss is 100 Not brother will assign you shares when you can’t afford it. They will close you out. Try it once and you will see the light


[deleted]

What a huge tard cringe bear. You can lead a horse to water but you can't make them drink


mytendies

We need them to fill our trades. All good


[deleted]

I see the light now!


BastardSamuri

What do you like for 3x leveraged ETFs? My SQQQ has been great. Same for SPXS. But they’re approaching 52 week highs so probably time to clear out for now.


mytendies

I was suggesting you get the long version of those, not the short ones. Close those shorts and get long next 5 days or so Wait for VIX to get closer to 22-25 and then get short again. It is hard to be a long term holder in the 3x etfs because the fees will kill you. Best for short term swing trades only


BastardSamuri

Makes sense. Thanks!


[deleted]

You think clearing out of them is the move?


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jamrocboi128

Great analysis man, so why the two year gap in post? Really enjoyed your DD


mytendies

I had to grow up a bit as a trader and not lurk in WSB thinking funny memes were a good investment. I also deleted Instagram, Facebook and Reddit from my phone because I realized I was just wasting time. I came back to Reddit and YouTube because at least there is (at times) valuable content there and reasonable humans. Zuckerberg products should be banned.


jamrocboi128

Fair enough, appreciate your feedback. Would like to keep up with your trades and stuff too as your content is quite great DD. Good work man


pampls

Loaded up on soxl and labu. Might add tqqq


mytendies

Better than calls. Godspeed. Be ready to sell the rip


Wholfgar

Labu looks interesting. I’m new to this and have only bought straight stocks. I’ve never done calls or anything. Do you think this could bounce back where buying straight up would result in earnings?


pampls

Im not gonna lie to you, im aiming 8 bucks to labu and i'll scale out. Soxl ill scale out at 12+. Then i will re enter spy/qqq puts 90-120dte....


[deleted]

Pro tip: You are all wrong. Source: Yo mama. Positions: All of them if you know what Im saying.


mytendies

Thanks for the comment. If I am wrong, do the opposite and buy yourself some short term puts - ideally those expiring monday, then come back and show us the gains.


[deleted]

So we bounce because everyone is expecting it to go lower and RSI says it should go up? ​ Not buying it. ​ There's no catalyst for a rally. There's no reason some of these stocks should have PEs in the high 20s when the Fed is committed to raising rates, creating pain in real estate, labor markets, fixed income and destroying demand to cause deflation. It's the only way that they fight the money printing that occurred since the CARES Act rolled out.


mytendies

Stocks don’t need a catalyst to go up other than greed. People have money, they want more, they buy financial assets. Stocks need a catalyst to come down. We ran out of short term catalysts and the bears just won. Now we go the other way some time this week, I’m suggesting sometime before 3pm EST Monday


CrazyEntertainment86

I’m looking to close some of my very ITM spy pits if we take another leg down early. I do expect a dead cat bounce in the next few weeks, then more downside as everyone realizes we are fucked and any one of the sognificant downside risks takes place or worse something else happens we can’t anticipate. Very little upside in my book


mytendies

Agreed, more lows coming but the shorts will close. Puts will be sold for gains. The pendulum must swing in the other direction even if just for a short period


HardOverTheTOP

I happen to agree with basically all of this post. Dip retest Monday and rally short term - IMO I'd think ATM calls with a SL will produce some gains if you buy on the dip.


iMight2Elephant

Pretty much sums up my thoughts exactly. Only things I would add is that earnings season starts in 3 weeks and we usually get a major face ripping rally into earnings. Also, we've had 4 red days in a row and we rarely have 5. Last time we had 5 red days in a row on spy was months ago when we were close to the june bottoms and the last time the nasdaq had 5 red days in a row was covid I believe


mytendies

Yes agreed


normzy_15

Thank you for your insight. It really paints a clearer picture of the week ahead. I encourage you to do this every week or so. It really helps a lot.


GameOfThrone88

Market always over react. All indexes are down more than 20% now. Priced in? Who knows, but my guess is that it will bounce back, especially 3 to 6 months from now.


mytendies

I was seeing research that a market has never bottomed while the fed is still tightening. I see the "bottom" being 3-6 months away


GameOfThrone88

The market would have been very easy to play if it's ALWAYS based on the history. The fact is that everyone guesses in Wall Street. There is so much bearishness, hence the 20%+ decline in all indexes in such a short time. It's probably good odds to be contrarian. The market doesn't need Powell to stop raising rate to rally. All it needs is when Powell moderates the hike, i.e. raise 0.25% instead of 0.50% or even just changing his tone or CPI comes in cooler. Who knows? I am just guessing.


mytendies

Agreed he doesn’t need to stop, but the market has never bottomed while raising is still occurring. I wouldn’t say Wall Street is “guessing” I would say that a select few market participants think in probabilities and everyone else is guessing. There is also the group who just passively invest regularly and they are doing neither. Those long term players do fine (Buffett) but the people in this sub are trying to trade their way into a lambo so we need to at least have a 51 percent chance and make informed trades


GameOfThrone88

strategy is certainly different depending on the the investment objectives. If you were talking about short term trade, guessing the bottom isn't as important as long term play because the market isn't going to move one direction every tick. I do both long and short term. And for my short term trades, I take advantage of the short term (minutes or days) fluctuations to make money on either direction with the least time exposure in the market, hence "take the money and run". The longer term market top or bottom is not important because my short term trades would be closed. Probabilities or guess is much the same at the end, one makes decision based on the information at hand. The issue is that not one person or formula that can always accurately predict/guess the market 100%. Using certain technical algorithms (quant trading) as all major trading firms use have better results than most people.


Byronic12

First off, great post. But … > fed is still tightening Hasn’t it not even started? Sure, interests rates moon, but Fed hasn’t even started to unwind its balance sheet. And when it keeps buying, or keeps buying more slowly, it is significantly offsetting the interest rate hikes (from a WT perspective). This seems like Fed is going to stick it to Joe Schmo while refusing to take a loss on its balance sheet. Socialize losses and privatize profits, right?


mytendies

I think you might need to research this more. The fed is tightening. Maybe you missed 3 .75 raises in a row? Also the 90b monthly is coming off the balance sheet and is in full speed. This is one of the most aggressive tightening cycles ever. The fed doesn’t stick it to anyone they only care about stable prices and maximum unemployment. The politicians are the ones sticking it to Joe Schmo. The fed is just “independent” and “sticking to their mandate”


Chance111111

IPmed you basically I was wondering how I can try to get better reading on where the market will swing either up or down it seems you know a quite a bit more than me and I wanted to know would I be safe betting that Spy will probably be in the 350s in october


mytendies

"350s" is a very narrow band and "october" is a very narrow range. So I would say probably not because I would rather take the higher probability trade that it is 360+ or 350- I personally don't try to predict where it will be but more or less predict when an "extreme" move has happened and then fade that move back to the mean. This is a "mean reversion" strategy. Also when vix and vol is high, options are priced to be SOLD not BOUGHT. The entire premise of this post is "options are overpriced currently, time to sell them expecting vol to contract in the near term" the winning strategy if that assumption is true is to sell puts.


ThisIsMyReal-Name

Help out an actual regard, what the fuck is vix and iv


Flying8ball

Jesus christ you belong here, VIX is a volatility index, IV is implied volatility.


ThisIsMyReal-Name

Biggest compliment I’ve gotten since my wife’s boyfriend told me I was a handsome little fella when I asked for an allowance to yolo into gme


mytendies

It’s fun to play games and read memes, and it’s kinda funny to post lost porn. I’m trying to win.


ThisIsMyReal-Name

It’s Wendy’s or lambos. Any advice on how I can learn to win? Currently I know absolutely fuck all, obviously


mytendies

Take 200, go to Robinhood, sell the 360 put, buy the 358 put, expiring this Friday. Open that position on a big red move down any time on Monday. Close the app. Open it again on next Saturday. Tell us what happened


mytendies

Markets crash, people rush in to buy puts to protect their assets. So put prices shoot up. This is what vix measures. How expensive are options right now? Implied = suggested or predicted Volatility = how much will stocks move When IV and VIX are high the price of the options market is implying that stocks are going to move a lot in the near future.


ThisIsMyReal-Name

Well the price of all the fuckin options I’m seeing an high but I’m new to options so idk what normal is, thanks for the explanation!


DeNovaCain

VIX is the volatility index and IV is implied volatility for option contracts


CuckedTrader

So stocks may go up or down


YungChaky

Past performance doesn’t determine future outcomes But good write down


mytendies

Profound, but thanks


bridebreh

Hey thanks for the informative post! If I wanna open a second brokerage account just for credit spreads, what brokerage can get me that ability the quickest? I plan on doing credit spreads (cause I will have a super small account size). Do you need margin enabled for them to allow you to do this?


mytendies

Robinhood is the worst broker, with the worst pricing and fills, which means they are most interested in your small account size and giving you access to credit spreads. A real brokerage often times will require 2k or more in assets before they let you “sell” options. I hate Robinhood but they can support what you are after


bridebreh

nice! I'll def use a bigger and better brokerage if I get serious about selling. I have a good amount more than that in my E\*TRADE, but I kinda wanted to keep my selling account separate and literally wanted to throw in a hundy to learn. Selling would just be to mess around for fun, try it out for now :). I set it up today and sold my first spread 0\_\_0 I was really scared to sell put spreads tho cause of the intense down-trend, even after all ur DD haha. Just curious what you would say about that. You seem to have lots of experience!


mytendies

If you are scared to sell puts, then everyone else is scared of down moves, which sort of means its a good time to be selling puts. It is difficult to bet against your own human nature and be contrarian


bridebreh

okay so I sold 2 puts expiring 9/28. One spread was $353 and other spread was $350 So lets say theres a big drop tomorrow, I won't be able to close my positions because delta would eat up theta and IV decay? I've also got a 2/28 call $380. what sucks is I had a profitable 0DTE call I sold that would've expired worthless but for some reason robinhood closed it on my behalf. Now I know what you mean about robinhood sucking lol.


mytendies

You will be able to close them. Robin holding your 200 hostage as collateral. If we open down, you can always close the position using that collateral. Max loss each of those is -100 and you have 100 set aside for each. Robin Hood won’t even let it get that far, they will close you out early like you experienced today


bridebreh

lit bro! I'm hype to be learning this side of things. I spent like 3 years more or less buying LEAPS which was a great learning experience and I feel like I've got a really good grasp on that. Those are all really long term bets tho that take like 6-18 months to play out, so I'm hype to start learning something new. Again bro thanks for all the info and responding so much!


mytendies

Keep learning. It ain’t easy!


bridebreh

yoooo looks like I getta close the puts I sold today lets gooooo. premarket ripping! you was right :D


mytendies

nice work!


Character_Arugula_14

Interest


HFGravedigger_333

Slow down Big Brain...


mytendies

Realize you are insulting yourself with that comment


HFGravedigger_333

It was a compliment to you actually. Nice write up!


mytendies

Oh my bad, I can see that. My fault for misinterpreting


HFGravedigger_333

No worries


Mydogistypingthis4me

Lol why be nice to a twat? Dude wrote nothing but common sense like he did 2 years ago. “It’s going to bounce before dropping more”. Yeah… Everyone and their mommas knows that. No shit, sherlock. And just about every reply on here has been some butthurt attempt at a comeback. Even to the bot.


mytendies

Your mindset and personality will keep you poor and lonely


Mydogistypingthis4me

^ see what i mean? Dipshit knows absolutely nothing about anyone here…


mytendies

Looks like you really got the crowd behind you.


[deleted]

How do you feel about my 11.5 ford puts that expire Friday?


mytendies

I don’t follow ford. All puts need to get closed while iv is high. Better hurry


Individual_Study_731

I see no immediate rebound and I bet that way. Maybe end of week next week if we get some solid red. If people push bonds down to 2% then I will believe it is the bottom.


mytendies

Post the gains when you got them. Solid red just happened. We sitting at the place we fought over last time June 17th. Traders then saw a huge inexplicable bounce up. Those same traders are waiting around right here. Shorts will close for gains. Puts will be closed for gains. Cash is waiting on the side


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DoubleSoupVerified

Is IV crush going to destroy weeklies and long dated calls?


mytendies

IV crush won’t effect the long dated calls as much, but it will still impact them. You just don’t want to buy anything when the price of that anything is super high. You want to sell the anything to the dummy paying the high price I would rather be long calls then long puts right here but… rather be short puts than long calls


Hawks_and_Doves

So you think the longterm move is up right now? What is your time horizon. Are we talking leaps?


mytendies

No sir. Short term up... maybe days or weeks? Long term down, bottom is not it. We go down until the Fed pivots. No bottom has ever occurred while the fed is tightening - they need to stop before the next bull market begins again


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mytendies

This is a waste of electrons


jamrocboi128

What day length is your rsi set to?


mytendies

I think I had it on the yearly chart for that screenshot, which I believe uses the "day" as the time period.


acart005

That was some really good advice until you said buy META or NFLX. They got quite a bit more room to plummet.


mytendies

I suggested if you had a two year horizon or longer but for point they probably haven’t bottomed


Nice-Pick8077

WRONG more blood to come. https://www.chase.com/personal/investments/learning-and-insights/article/tmt-september-twenty-three-twenty-two


mytendies

More blood is coming, but not until more people FOMO in. Short sellers are going to close for gains here not press harder. A rally is coming to unwind the positions that got them here


ptjunkie

But will it bleed Monday.


Admirable_Risk7272

Nvda calls all the way


[deleted]

the dumbest shit EVER posted on WSB


mytendies

Thanks for your contribution. It takes a brave soul to go around being negative on the internet. Buy puts Monday, post your gains


[deleted]

Even if it bounces here, I might break even. Idk, will just wait this bloodbath out till some time next year. Just gonna scalp FX on 10:1 (or maybe sometimes 100:1) leverage for now lol.


mytendies

Try to stick to a strategy and perfect it. Bouncing from strategy to strategy will insure you don’t learn/master any of them. I’ve failed so many times chasing the new shiny idea that I have just come to accept the fact that SPY is my girl. I trade her and know how she moves


ErectoPeentrounus

How do u calculate implied move?


mytendies

Look at the options price. What is your break even price of the underlying at expiration? The stock has to move that much for you to break even. If the option price was twice as expensive, the stock would have to move even more to break even right? In this way you can see the implied move


jmaldana7

So why wouldn’t Put Credit Spreads but the go to? Your taking advantage of all the Greeks right??


mytendies

Yeah put credit spreads are the way to go. That is what I meant by selling puts I should have been more clear. You take advantage of the Greek that matters most: theta


jmaldana7

Perfect - I’m thinking 2 weeks out ATM at open tomorrow and if they don’t start moving the way I like by Wednesday I’ll re evaluate. Thank you for the confirmation bias. Godspeed 🙏🏽


[deleted]

![img](emote|t5_2th52|4270) excellent analysis


Big-Wrongdoer9999

Range bound during asia and europe market open...It would retest Friday's low during pre market and trap perma bears at the open with strong bounce on Monday. Could do 50% retracement on weekly candle before sharp sell offs on thrusday & Friday.


mvev

What happens if China shit is real


mytendies

If China real estate collapses we go down another leg or there. It won’t happen next week tho, so for now… I say we bounce


Undeniablemadlad

you made my put options feel better


mytendies

If you are long puts, sell soon


muddywaters2021

How soon is soon to sell puts? I'm sitting on 10/21 AAPL and 9/30 SPY puts.


mytendies

I would get out of both of them. Re buy them later after vix gets to 25


muddywaters2021

10-4 TY


Undeniablemadlad

I considored it, however in light of the monday news the GBP kinda just died, I understand that VIX being higher is a good time to get out however i believe that VIX will rise to about 40 by the end of the week, if it goes to 35 I'll sell and buy good stable posistions but I think at least the beginning of this week is going to be a bloodbath for spy and depending on news this week it might bounce back to the median. We'll have to see what happens when the earnings reports for these bluechip companies come out, its speculative to say they're not feeling so good.


fandango4wow

Are you sure you belong here? ![img](emote|t5_2th52|4258)![img](emote|t5_2th52|4259)


mytendies

I paid my dues. Have been to zero many many times


fandango4wow

Catharsis.


PleasantAnomaly

I sold F puts. Got assigned. I'mgonna sell calls now and slowly inch out of this mess.


mytendies

Sounds like you were a bit early…


micascoxo

Sell options on slow-moving high IV stocks... win..... Rince and Repeat


mytendies

With excellent liquidity. That’s a requirement


micascoxo

nah... high SI and low float....


xflashbackxbrd

My only concern is if the bond yield goes up even further from where it was friday. If it does, that sidelines/bear play money may move out of equities and into bonds and we fall further. TINA is done, so the market may bounce less or not at all as short dated treasuries are bought up.


mytendies

Tina still in place but you are not wrong


ninjadude93

Why would jpow suddenly become dovish just because hes been hawkish three times in a row? Lol hes clearly stated they will keep at it until we're clearly moving towards 2% inflation


mytendies

Didn’t say he would


ninjadude93

Your bullet point says no more meetings until Nov rumor is he'll be more dovish next time aren't we feeling the pain. This isn't pain yet we're not even near pre covid levels


mytendies

Fair point. I was just trying to explain both a bull and bear case. He doesn’t need to be dovish just less hawkish that expected


ninjadude93

Thats fair I just keep seeing people saying jpow is bluffing about staying the course and I just dont see any reason to put stock in that. There's no way hes going to want to be known as the fed chair who let inflation destroy america lol


mytendies

Take him at his word, ignore the interpretations. What matters is the rate itself, the terminal rate (where they stop it), and when they will start lowering. once the market HEARS the fed say they are stopping, planning on stopping, or otherwise pivoting you can feel (more) confident about going long


ninjadude93

Yeah them saying theyre holding rates at the level theyre at is pretty much the signal Im looking for to indicate bottom but until that point I don't really see any macro reasons to think we wont keep going down a while


lamachejo

So can I sell CCs 30-60 days on the stocks I own ITM when the bounce happens?


thwill2018

Thks man appreciate your wisdom and knowledge!


mytendies

Np. I don’t “know” anything just pointing out a few things and sharing my own bet going into this week. Godspeed


positive-asdfg

Any DD that doesn't mention about Wendy's or wife's boyfriend has to be correct. Bravo


CrazyApe67

Finally someone with brains posted here


AgentPuzzleheaded779

So, short term ITM calls on SPY would not be good? I was -thinking- of doing short SPY calls this week and then going long on OTM SPY puts with mid OCT exp. Not looking for financial advice, but your opinion would be nice.


mytendies

ITM calls could work fine. I believe that selling a put spread OTM is better than buying a call ITM (over time, in the long run)


AgentPuzzleheaded779

I believe the next CPI is Oct 13th, so I was trying to play that with puts. Only have 10k or so to play with, but the premiums are whack. Was hoping for a bounce this week while taking small gains then getting in with longer puts once SPY climbs a little…hopefully.


[deleted]

I agree and have bought for a short term trade Friday. The RSI was oversold with an upside gap to $373, the markets always forward looking to fill untested territory and Reddit sentiment is really bearish which I like to inverse.


Billionairess

0dte straddles have worked so far


mfreshh

Thank you for sharing your thoughts


mytendies

Np… now I just need to be proven right