Posting my Spy Feb 2019 Puts Ladder from 200 up to 300 in $10 increments
DOW 25,027.07 -799.36 (-3.10%) NASDAQ 7,158.42 0.00 (0.00%) S&P500 2,700.06 -90.31 (-3.24%) as of 10:09AM ET
Market is closed today for GHWB 41's Remembrance so a review of yesterday's action:
Symbol LastPrice$ Change$ Change% Qty PriceWhenAdded Date Added
SPY Feb 15 19 $300 Put 28.195.7025.34%10.0011/01/2018
SPY Feb 15 19 $290 Put 21.147.6957.17%1 20.5211/01/2018
SPY Feb 15 19 $280 Put 13.565.8174.97%1 13.16 11/01/2018
SPY Feb 15 19 $270 Put8.543.8983.66%18.9011/01/2018
SPY Feb 15 19 $260 Put5.282.5190.61%16.0611/01/2018
SPY Feb 15 19 $250 Put3.261.5691.76%14.3011/01/2018
SPY Feb 15 19 $240 Put2.091.05100.96%13.1111/01/2018
SPY Feb 15 19 $230 Put1.350.71110.94%12.0411/01/2018
SPY Feb 15 19 $220 Put0.850.43102.38%11.4711/01/2018
SPY Feb 15 19 $210 Put0.560.2686.67%11.0411/01/2018
SPY Feb 15 19 $200 Put0.370.1568.18%10.6611/01/2018
Sweet Spot were 220s to 240s
Jim Cramer on why market tanked 800 pts (Dow) and 90 pts S&P 500:
https://www.cnbc.com/2018/12/04/cramer-t...trace.html
As CNBC's Jim Cramer watched stocks nosedive in Tuesday's trading session, one thing became abundantly clear to the longtime market-watcher: it "was all about the rise of the machines."
The major averages all fell more than 2 percent as a possible slowdown signal in the bond market and lingering trade fears rattled investors. The Dow Jones Industrial Average fell more than 800 points intraday.
Some attributed the dramatic declines to a lack of buyers, but Cramer already knew the culprits: complex algorithmic programs set up by professional money managers to sell when the odds of future market losses increase.
In other words, when an event that often precedes a recession occurs — in Tuesday's case, short-term interest rates trading above long-term rates in a so-called yield curve inversion — some trading algorithms will automatically begin selling securities because the chances of an economic slowdown just got higher.
Cramer, host of "Mad Money," drew a comparison with football. Some plays can seem very risky, but when you consider the percentage chances of them going right, there's no choice but to implement them in the field. These programs make the same kind of calculation.
So, when the two-year and the five-year yield curves inverted on Tuesday, some hedge funds' programs automatically sold the S&P 500, which tends to fall in times of economic weakness, and others automatically sold shares of the big banks, which suffer when long-term rates are lower, Cramer said.
So the fact that short Term Treasury % rates went above longer term in a classic Yield Inversion is as Cramer pointed out as Predictive and therefore another confirmation that we will continue the Supercycle Wave 4 down in current SubWave Impulsing 3 down:
S&P Futures:
https://www.tradingview.com/chart/ESZ201...wing-High/
SPX "Cash": Green 5 Waves SuperCycle, Purple Major Subwaves, White Major Wave SubWaves:
https://www.tradingview.com/chart/SPX/5f...ves-3-4-5/
DOW 25,027.07 -799.36 (-3.10%) NASDAQ 7,158.42 0.00 (0.00%) S&P500 2,700.06 -90.31 (-3.24%) as of 10:09AM ET
Market is closed today for GHWB 41's Remembrance so a review of yesterday's action:
Symbol LastPrice$ Change$ Change% Qty PriceWhenAdded Date Added
SPY Feb 15 19 $300 Put 28.195.7025.34%10.0011/01/2018
SPY Feb 15 19 $290 Put 21.147.6957.17%1 20.5211/01/2018
SPY Feb 15 19 $280 Put 13.565.8174.97%1 13.16 11/01/2018
SPY Feb 15 19 $270 Put8.543.8983.66%18.9011/01/2018
SPY Feb 15 19 $260 Put5.282.5190.61%16.0611/01/2018
SPY Feb 15 19 $250 Put3.261.5691.76%14.3011/01/2018
SPY Feb 15 19 $240 Put2.091.05100.96%13.1111/01/2018
SPY Feb 15 19 $230 Put1.350.71110.94%12.0411/01/2018
SPY Feb 15 19 $220 Put0.850.43102.38%11.4711/01/2018
SPY Feb 15 19 $210 Put0.560.2686.67%11.0411/01/2018
SPY Feb 15 19 $200 Put0.370.1568.18%10.6611/01/2018
Sweet Spot were 220s to 240s
Jim Cramer on why market tanked 800 pts (Dow) and 90 pts S&P 500:
https://www.cnbc.com/2018/12/04/cramer-t...trace.html
As CNBC's Jim Cramer watched stocks nosedive in Tuesday's trading session, one thing became abundantly clear to the longtime market-watcher: it "was all about the rise of the machines."
The major averages all fell more than 2 percent as a possible slowdown signal in the bond market and lingering trade fears rattled investors. The Dow Jones Industrial Average fell more than 800 points intraday.
Some attributed the dramatic declines to a lack of buyers, but Cramer already knew the culprits: complex algorithmic programs set up by professional money managers to sell when the odds of future market losses increase.
In other words, when an event that often precedes a recession occurs — in Tuesday's case, short-term interest rates trading above long-term rates in a so-called yield curve inversion — some trading algorithms will automatically begin selling securities because the chances of an economic slowdown just got higher.
Cramer, host of "Mad Money," drew a comparison with football. Some plays can seem very risky, but when you consider the percentage chances of them going right, there's no choice but to implement them in the field. These programs make the same kind of calculation.
So, when the two-year and the five-year yield curves inverted on Tuesday, some hedge funds' programs automatically sold the S&P 500, which tends to fall in times of economic weakness, and others automatically sold shares of the big banks, which suffer when long-term rates are lower, Cramer said.
So the fact that short Term Treasury % rates went above longer term in a classic Yield Inversion is as Cramer pointed out as Predictive and therefore another confirmation that we will continue the Supercycle Wave 4 down in current SubWave Impulsing 3 down:
S&P Futures:
https://www.tradingview.com/chart/ESZ201...wing-High/
SPX "Cash": Green 5 Waves SuperCycle, Purple Major Subwaves, White Major Wave SubWaves:
https://www.tradingview.com/chart/SPX/5f...ves-3-4-5/