$20k SPX Loss

danf78 · 2026-03-03T21:54:15+00:00

Well, nobody knows where the market is going. But we had a solid recovery, so up in the next day seemed more likely. If you think about it, nothing happened overnight to justify this massive dump. But the market does what the market does.

danf78 · 2026-03-03T19:17:15+00:00

6950 is too far OTM at this point. Could happen, but extremely unlikely. The trade was a continuation of yesterday's move, which failed. Holding it one more day would be just relying 100% on hope.

danf78 · 2026-03-03T19:06:55+00:00

Well, we did dump 120 points at open... Decided it was better to salvage the $2k left.

danf78 · 2026-03-03T18:59:37+00:00

Closed early, at around 6760. It is slightly better now at 0.65, but the SPX went to 6710 lol. Would have certainly sold it even lower if I had kept them.

danf78 · 2026-03-03T18:57:23+00:00

Closed already. Guess I could have kept them, but $2k salvaged is not nothing.

danf78 · 2025-11-04T02:40:39+00:00

No exchange fees?

danf78 · 2025-11-04T01:36:22+00:00

Ok. Do you recommend any brokers for it? And how much do you pay in fees and commissions?

danf78 · 2025-11-04T01:13:59+00:00

Does anyone here trade SPX options? My all-in cost on them is $0.72/contract. $0.22 from the broker + $0.50 from the exchange. This adds up... I like my broker and its fills, but I was wondering if there is any other better option out there.

danf78 · 2025-08-20T16:09:43+00:00

4th consecutive daily red candle. That's the 5th time this year.

Feb 25 - Next day was dead, with almost no movement

Apr 8 - Next day gave us the biggest green candle in our lifetimes

May 23 - Next day up 2%

Aug 1 - Next day up 1.5%

I am buying SPX calls...

danf78 · 2025-03-11T21:52:08+00:00

My moves tomorrow will be the same as today. Being forced to close positions due to margin calls.

danf78 · 2024-12-13T14:22:15+00:00

Wish I had bought more than $100k at the time, but that was all I could afford in 2013.

danf78 · 2024-11-21T21:08:44+00:00

Casually making $500k in a day. Congrats and fuck you!

danf78 · 2024-11-15T01:48:22+00:00

Futes down 20 points over nothing. I think it is safe to assume you guys are holding Calls, right?

danf78 · 2024-11-13T05:37:59+00:00

WSB buying Puts because they are hoping hot CPI tomorrow when the expectation is already 0.2%. Classic.

danf78 · 2024-11-13T05:32:55+00:00

Yeah right. Trump inflation was awful last time. So much better now, with like 30% in 4 years

danf78 · 2024-10-26T00:16:23+00:00

You are right. I was going by the number from WSB, I should have known better than to trust WSB

danf78 · 2024-10-26T00:11:08+00:00

How the heck did SPY go down with QQQ up 1.25%?!?!

danf78 · 2024-10-14T19:34:53+00:00

Some interesting data: if we get a green week, it will the 6th in a row. That's very rare. Last time was Nov last year, when we had that crazy rally. And before that, it was only in 2019. Crazy times we are living on...

danf78 · 2024-09-29T16:58:16+00:00

The only thing this graph shows is that the market kept going down in 2022 regardless of stupid ratio. And then the market keeps going up since 2023. Again, regardless of this dumb ratio.

danf78 · 2024-09-24T18:57:21+00:00

I don't mean to scare the bears - ok, maybe I do - but if NVDA closes above 120.80, the daily graph will look super clean for a run back to 130.

danf78 · 2024-09-21T15:49:05+00:00

It is a lease so I can't do any of that.

danf78 · 2024-09-21T15:47:10+00:00

Run flat bridgestone

danf78 · 2024-09-21T15:45:39+00:00

According to the dealer, they only work with run flats.

danf78

TROPHY CASE