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re: Tomorrow could be a rough one

Posted on 2/8/18 at 7:38 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 2/8/18 at 7:38 am to
Directions of the market based on futures always needs to wait until institutional money starts hedging in the morning premarket. Although you can get an idea overnight, all one needs to do is look at volume, and understand a lot of retail futures trading takes place outside of normal hours, becuase retail traders often have jobs.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167220 posts
Posted on 2/8/18 at 8:46 am to
Up 30% on my SNAP puts already
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 2/8/18 at 9:16 am to
I just always have VIX calls for insurance, and every once in a while trade around them. So I shorted VIX all week this week, but I collect a huge VIX gain, which somewhat offsets my premium throughout the year. Very conservative philosophy. Conservative investors use margin and derivatives wisely. Works for me. I don't need a ot of day to day involvement, and this latest episode passed without tkaing much of my time. I did short JNK in dark pool as well. Again, an extremely conservative trade.
Posted by windshieldman
Member since Nov 2012
12818 posts
Posted on 2/8/18 at 9:24 am to
Dayum, Twitter going off
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 2/8/18 at 9:56 am to
Dayum, Twitter going off

Thanks, just opened a short position.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 2/8/18 at 11:39 am to
Ho Hum. Collect an insurnance settlement today. It just amazes me people insure their cars, but no their retirements. A good number of them seem to pay more attention to their cars than their retirement as well.
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6546 posts
Posted on 2/8/18 at 11:51 am to
Only because they generally have to insure their cars. If it wasn't required, they likely wouldn't do that either.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 2/8/18 at 11:53 am to
Yeah. They will post to message boards and Twitter during the day, essentially theft of their employer's time, but won't take five minutes, log on to their 401K, and rebalance. I've literally been slaughtering those people in the markets this morning. It is what it is.
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 2/8/18 at 12:06 pm to
Testing that 2620ish line for the S&P and 24250ish Dow lows from the other day
This post was edited on 2/8/18 at 12:07 pm
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 2/8/18 at 12:43 pm to
quote:

Iowa Golfer


Care to share the moves you're making? If only briefly.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 2/8/18 at 12:54 pm to
Rinse, wash, repeat. I have VIX calls for insurance. In times like this, I collect on my calim, and I shorted around that position the last three days. Even today spreading 32.5 / 37.5. Also shorted JNK. Someone is on the other side of those trades, others are on margin, and still others are forced to see other things I want. All three of those people are getting slaughtered by me today.

Things will settle down, they will soon be able to go back to posting on FB and Tweeting while they're supposed to be working shortly.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167220 posts
Posted on 2/8/18 at 1:19 pm to
Time to buy puts against VXX?
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 2/8/18 at 1:27 pm to
(no message)
This post was edited on 2/8/18 at 1:38 pm
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167220 posts
Posted on 2/8/18 at 1:31 pm to




Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 2/8/18 at 1:38 pm to
I just realized you said that after they reported. I thought you went long puts pre earnings lol my bad Stout
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167220 posts
Posted on 2/8/18 at 1:40 pm to
All good
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5140 posts
Posted on 2/8/18 at 1:42 pm to
You are then man bro
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 2/8/18 at 1:47 pm to
Anyone else having issues with Schwab? Getting an error
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 2/8/18 at 1:50 pm to
Schwab's StreetSmartEdge is working fine for me.

Are you referring to Schwab.com?

ETA: I just signed onto Schwab.com with no problems.
This post was edited on 2/8/18 at 1:53 pm
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 2/8/18 at 1:54 pm to
stout, this drop today is starting to get the feeling of capitulation.
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