/biz/ - Business & Finance

How did everyone's Monday go? Did you expect a sharp correction like the open? I felt a sharp correction coming so I tried to squeeze in as many put spreads as possible in the first 45 minutes but I was pretty busy at work today. Lots of hurricane & Californian fire issues causing logistics problems for my business partners.

I also fat fingered a BUY instead of a SELL for an overpriced DDOG option. So I'm down $700 on that for no good reason today. It's my first time doing something like that and I can't imagine doing that with a bigger amount of money. It still feels EXTREMELY bad.

Anyways, I have a huge bet on Apple not dropping below $490 and Google not dropping below $1520 by end of this week.

My BABA calls are doing awesome and so are my QQQ calls. I wish I sold the FB/QQQ calls on open though! But I also have to close the weeklies I sold against them and I was busy like I said so.. yeah. I'm thinking we'll have a hefty correction on Thursday and another repeat of last Friday. Basically I think the market will end up where we are right now at the end of the week, except for Apple and Tesla who are splitting. They will probably end at 500 and 2000/2100, strong support levels.