WarlockofWallstreet OP Violets : XL orders didn't move much all day, but it looks like mostly retail bought.

WarlockofWallstreet OP MARKET-TEST-DUMMY : it's possible as well, hard to tell for sure

WarlockofWallstreet OP MARKET-TEST-DUMMY :

WarlockofWallstreet OP Gilley : I feel ya, haha. had some expire last week, and a few hours too early could have been 30k win with an extra day lol. The only option that works for me is 1DTE, I'd go 0DTE, but I'm not using margin and can't.

WarlockofWallstreet OP Gilley : I just scalp for that reason, in and out, 20% to 50%, it adds up quickly. for sure you miss out on the big run, but I find when you Chace that over time you lose more than you win. like 20% a day is doable, one trade maybe 2.

WarlockofWallstreet OP : dang 6.70$ visible on the Tape now! been a while lol

WarlockofWallstreet : don't forget market closes early today, I'm expecting a drop

WarlockofWallstreet : you were correct, sir

WarlockofWallstreet : just look at the unusual activity in the Options tab... its all bearish

WarlockofWallstreet Too : that depends on your time frames, but I understand what you're saying.

WarlockofWallstreet Skye7171 OP : I'm thinking the same, they will lose lots paying those calls off

WarlockofWallstreet OP intuitive jackal : awesome, I think you will be happy! Biden and Harris are rushed to the White House for some reason. Markets might reflect it. I'm just building up for the next CPI numbers in January and will just scalp options until then. Didn't calculate my stuff, right for the FOMC, and missed out on a x30 by being a day short, lol. I got it dialed in now. gl

WarlockofWallstreet OP intuitive jackal : Can't, I'm using a cash account. Mainly for precaution, and I really hate holding anything. As far as Im concerned, I could not be in and out fast enough, haha. thank you.

WarlockofWallstreet OP Warren Buffed : we are. Im still cautious for now until it stabilizes a bit. look at VIX. As you can see, it's forming a Bearish pennant, which you could say is good if you're long on $Invesco QQQ Trust (QQQ.US)$  $SPDR S&P 500 ETF (SPY.US)$ however on the smaller time frames it has two liquidity Gaps, small bellow and large above. I believe it will bounce between them first before it retracces all the way down. and so short-term it will bounce up and down until it completes the  pennant and breaks to the downside, and we have qqq and spy pump. (just an opinion)

WarlockofWallstreet OP WarlockofWallstreet OP : here it is, colle ted the bottom and going for the top

WarlockofWallstreet : this helped me out a lot and puts things into perspective. it's best to cut losses asap rather than have big losses. At minus 97%, you will need 3222% gains to break even.
ex: you have a 10k account. You only use 10% =1000$ per trade. Cut losses at -10% to max -20%. that's 1% to 2% of your account.

WarlockofWallstreet : I think MMs distracted ppl with price going up and to crush those who overpaid for puts, they will expire worthless, and as ppl went, calls MMs loaded Puts for cheap and now those who went calls will get crushed next. (just and opinion)

WarlockofWallstreet Gilley OP : yeah it's impossible to know for sure what happens in time, you get it sometimes and not others. that's why I just stick to scalping and trade what I see.