Jeff 12:01 pm on Tuesday, August 23, 2016
Tags: FallingKnife ( 964 )

Well, things will get exciting…

Well, things will get exciting some day. Will you be ready?

#fallingknife

fuzzballl 12:07 pm on Tuesday, August 23, 2016

Yes! Channeling my inner Iceman and staying patient…LOL
- Option Iceman 12:22 pm on Tuesday, August 23, 2016
  
  $MYL – what are all the talking heads talking about?
  #FallingKnife right now but how about in a couple of months. Congress will mostly be out of session campaigning until January.
  Lots of opportunities here.
  - Ramie 12:52 pm on Tuesday, August 23, 2016
    
    Thanks for the heads up Iceman. Sold $MYL Jan 20 2017 38.00 puts @ 1.35.
- vxxkelly 1:35 pm on Tuesday, August 23, 2016
  
  Me too, but it is getting boring. I’m running low on open positions not a very good time to be selling options on most things, no premium. Risk/Reward poor. Even $NUGT premium is drying up.
  - Jeff 1:36 pm on Tuesday, August 23, 2016
    
    Selling call spreads on SPX is working. Even if we move higher, it is doubtful it will be face -ripping.
Ramie 12:11 pm on Tuesday, August 23, 2016

Well I’m not much into the meaning of these things but tomorrow is the one year anniversary of a pretty intense market plunge. Of course it was being set up for a few days before that. Maybe a little air out of the market so we can clean some things up and sell some IV before Labor Day? 🙂
anachronisti 12:12 pm on Tuesday, August 23, 2016

Any long plays here? Individual equities are killing it right now.
- Jeff 12:47 pm on Tuesday, August 23, 2016
  
  FANG stocks look decent, but I’m just not wanting to do anything long with market here. BBY was a good play yesterday; wish I’d followed @fuzzballl because that chart looked bullish.