SPY puts everyone?

If you do, you gotta share your position and results!

I will lol I'm up 3% but after seeing this post I wanna close them now 😭😭

I have a SPY PUT $424 expiration 12/30/2022. I break even at $388 and am currently 33% down. This rally since CPI on 11/02 has lasted longer than I’d hoped. It’s tough to hold but I’m waiting for Powell. I’m tempted to buy another but they’re expensive for me.

Lol fucking never fails. Calls it is.

Inversing this, as is tradition.

Can you even read the chart, bro?

If we don’t got back towards 350 EOY I’m fuk’d

I think secretly a bunch of people here are short and about to be broke as fuck… there’s maybe a handful of us left with calls.

I'm short, I'll see you in Valhalla

If I were to believe graphs…sure!

But the lines, aren't they convincing? Surely this falls under the "technical analysis" umbrella! Perhaps more lines would convince you.

Graphs tell the future dude, everybody knows that.

If

This time is different. Santa Rally. 😐

Cool, tell us what the fundamentals are indicating then?

Hitting the trend line and cratering is the obvious play, so everyone loads up on calls.

That’s the obvious play, so puts again.

Unless the PCE inflation comes in hot I expect the SPY to break thru and year end rally and sucker everyone in only to realize in 2023 rates are going to be 5% for years.

PCE will be low

lol years. What a fucking moron

I’d bet your mom that rates hit 8% by end of next year.

I would say that you didn't have to circle the tops and explain that they were lower highs because it's blatant to see but I forget that some of these people are regarded.

Need moar crayons honestly.

Well regarded even.

I’m regarding this reptarded shit!

Luck all thiees stoopid regarges weff their lins and garaphs

See, when you post shit like this on WSB the MMs see it and inverse us so we lose all our money.

Let’s confuse them by posting the exact opposite sentiment but same chart.

Exactly fuck this guy

If they know that we know they make moves based on WSB, then they would do to opposite of the opposite.

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Just tiny tiny bit of green maybe in the range of 406 or 407.. then ill go 100% Puts

447 incoming !!

Wow, you read my mind.

thats what everyone and they Uber driver thinks, thefore you will get ironed out on the way up - Blackrock has $10T of assets to pump the price and smoke out everyone like you.

$415 too greedy?

I'm thinking around 412-417, then to lower low.

410 too greedy?

You and everybody and there mother. Inverse this.

There are other confluences at play —

Please let the fed come out with 100bps.

sounds bullish

Yep, everyone seems to be in agreement

We will breakout, get everyone thinking it is a new bull market and then we pull the rug!

Yep

That's what I'm looking for

This is the sort of TA that confirms my biases. I like it very much and will use it to guide my puts next week/month.

Man, watch this thing have a huge wick down after it passes the 200ma just to destroy all the bears before destroying the bulls who went in at that level. Then maybe a continuation down. But the market must take the most people’s money first.

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I bought puts on this 3 weeks ago thinking I was smart, ponied up and bought 12/23 410’s. Now I’m nervous that it’s looking so predictable and people here are posting their shitty TA graphs on it

likewise

447

You and everyone have this plot. But you and everyone could be right. Once. Don’t let it go to your head.

Vix under $20 Then it’s time?

Nah, I have been a good boy for Christmas, so Santa is coming. Hope it not Cramer dressed in a Santa suite though.

That awful nasal voice, like he never passed puberty.

Santa Clause rally!

just seems too obvious now

Betting against the market in historically one of the best months of the year (December), and after the fed said it would consider easing on the breaks (lower rate hikes).

Market is in a well defined downward trend. There is a high probability S&P won't breach the 3-touch resistance line (Red) in the near future (~3months). The 50 week moving average (Blue) is also reinforcing the resistance by converging with the resistance line. My Play: Waiting for SPY to reach 410 and then buying puts with 4 to 5 month out expiries with strike prices of anywhere between 390 to 370. Closing out the positions at the first big drop that brings SPY below 400 again.

It sounds good until it doesn't happen and the FED pivots

🤓

Good for you. I'll be buying your positions and never selling. Keep your worthless paper. 🙂

will you shove a burning candle up your ass when your crayons turn out to be wrong?

The lower after the trendline touch needs to be taken out just like what happened every other time. If banks want to go short they need to take out stops. Where better to find stops than the last lower high. So trend line might get broken a little

Everyone and their mom is calling this. Wouldn’t be surprised to see a false breakout on this

no. market’s going sideways until may. source: 2002 SPX. do you think option sellers are stupid? everyone sees this, especially them.

See ya at 420

There’s no way this thing breaks out to upside at this point…oh wait this is the most irrational market to have ever existed!!!!

im all in @4040 with puts. let it burn baby

447 incoming !!

The S&P 500 is currently in a confirmed downtrend, with another lower high being made today. Prices are unable to breakout from resistance around 4100 and have now pulled back below 4000. Next support is at 3800, followed by 3639.50.

sorry for the noob question but i just started investing in SPY and SP indexes, so based off this i should stop? thank you

I'll be watching for 408/412 range and slowly get into some end of December mid January puts while I scalp spx

puts unless jpow does something fancy for christmas

4125 and down we go

Grabbed some uvxy Jan calls last week.

I'm bullish on the price but I have open puts currently they expire this coming Friday

since everyone is betting for massive selloff/ resistance line bounce, it might be wise to bet for rally to continue. nothing makes sense anymore. just too many bearish posts imho.

Are you related to Cramer? If yes, I’ll inverse you. If no put’s it is.

of coarse,, we gonna break the red MA....3400 is conservative for me...sure shot

I am absolutely amazed at all the wishful thinking that says we will have a sustained rally for the rest of 2022 and into 2023. Y’all shills for the big funds out there?

You dumb fucks that fight the fed have severe brain damage.

This.

Oh boy, lines

Seems too easy

Yes, been stupidly holding them since September. I wanted to see how low SPY could go. (So far not low enough to break even lmfao ;_;)

I wonder if somebody has a real statistical analysis of inverse Cramer trades. Thinking I might inverse paper trade his bs just to see how it pans out.

already in shorts

Your chart doesn’t even bother filling in the positive candles green no more it just leave ‘em blank.

I posted about this a few days ago -

Eat shit. The QQQs already broke and retreated. It’s not about the crayons but about the overall market.

Too obvious. Bears gonna be r3kt

I mean, we gotta see lower lows again. Ain’t no way, even if we don’t I’ll keep fighting the trend like a degenerate

Chart + “don’t fight the Fed” = puts

What about the fact that there is a higher bottom on this section?

Higher bottom? Look at the green line

It was a massively lower low, what on earth are you talking about? Not even accounting for the wick, the close was a lower low as well. Not even close.

Everyone load puts now! Then watch as the market won’t go down when everyone has puts

sorry for the noob post. i've read all the comments below, what does this mean that SPY is going to tank soon? if so, what is the bottom? just trying to protect myself. i appreciate it. thanks

It means no one knows shit about anything. Just some gamblers trying to time the market as usual.

It’ll break the trend. Inflation numbers are starting to print downward and the fed said that they will start slowing rate increases.

This shit is already priced in anything else but this will send us back to the basement

It feels like when the fed stops hiking, that may be a good time to pull out tbh

Yup, look at the OBV it’s at the same level as when we were trading $40 less. It’s going to tank

Can you explain what the OBV is and what it means? I have few scripts that I saved before they were removed from tradingview

Damnit. The more people post about their SPY puts on here, the more the trading algo and hedgies market manipulate the shit out of SPY to nuke the puts with Theta.

Go 0dte and don't worry about the theta

NO

That’s the safe money. Or this time it breaks the trend and put holders go broke

It will probably break the trend temporarily just to destroy put premium and scare shorts out before tanking and destroying longs.

Who the fuck is JJASON???

Seems to obvious to me

nope. calls into it. puts for like a day, then calls all December. Have fun going all in puts for juicy loss porn

Yes

The only TA I respect are Tits and Ass.

That's SPX you fucking moron, it says it in the top left

Who’s going to tell him?

Delete this lol

Quit messing around with options? Save and invest 10% of your gross earnings into SPY/QQQ for 45 years. Sorry, there's no magic formula for investing success except for time and growth.

In 45 years we might all be dead. Fuck that I don’t want to be rich and old. Need to be rich yesterday!

Sir, this is a casino.

Sir, this is a casino

It will drop to 34 or 35...

Not yet....but soon

I will wait to see a rejection of level There is no reason for stock to break out of resistance Inflation is not down yet, the cost of life has never been this high And on the technical point of view the 50 ema and the descending trendline give it take couple of points higher is where the bears are waiting to short No short squeeze for me yet, not this time I will short

Squeeze these nuts you fuckin nerd.

Oh they’re buying puts and calls? Max pain or flat day incoming!

Just like Friday no fking action at all

If a plane or rocket flew up according to the trajectory of the chart, how likely is it to fly up to the deep blue sky, or dive and crash?

Not yet tiger, not yet

not too fast, santa clause is coming to town

I would wait till the lower high gets taken out so the banks can enter while taking liquidity

No

You first

Might as well, my last ones are worthless now anyways.

All the media has been saying end of the year rally. So maybe puts and shorts it is!

I am neck deep in it and have been devastated over last few weeks! 😬

Bless me teacher with a date and strike price

No, I bought puts so I’d definitely suggest calls.

If you can figure it out, then it won’t happen.

Sending best regards regard.

Yeh. China gonna let Covid rip or shutdown for a very long time and the people are gonna freak out.

Spy 420.69 soon

I hope my puts for Monday cash out

Online sales are up 2.2% from last year, that's good news but good news lags so yeah PUT it is.

Here Kitty Kitty obvious.

Accidentally had my phone upside down, and it looked great!

Why not just wait and see 😏 you do realize it CAN go either way right?

Yeah, too much greed atm

It would be a shame to see a spike to 428 and then fail....

Hold ‘em if you got em, boys!

Blah blah blah, something about the more times resistance is tested, the more likely it is to fail.

Do it

If you're gonna try puts then that's the place to do it

The only concern is the negative divergence from June low and way too obvious of a trend line for institutions to just grab all those puts to zero.

Unregard for a moment. Wait until December FOMC to buy puts, there’s currently nothing that’s going to drag down SPY until the rate decision so if you buy puts on Monday theta will make you it’s bitch. The week of FOMC you can look to load puts as we should see some derisking leading into Thursday and then perhaps a big move down depending on JPows statements. Don’t just blindly buy puts though

I played PUTS expiration is Monday Edit: I’m down 50 percent. Just played one contract

Calls it is

Got puts but the amount of people going on the same trade as me makes me nervous and the market will rip for an unexpected santa rally . Calls it is!

Lil Zane said it best “They Callin me”

Nope. Not yet.

nice lines bro

Wait, what is Cramer saying?

SPY is down 14% on the year. They predicting SPY will rise another 10% before this year is over.

Buy puts and calls!

Doesn't that w shape mean buy

Shhh you’ll jinx it

Unfortunately I played them one week early but it's gonna be a hard fall when it hits soon

Calls, got it!

Zoom in, there’s some choppy upside left… maybe