By happenstance, I noticed that there was a huge explosion in the purchase of BBY puts (the $35 weekly in particular) the day before the big announcement. (You remember Best Buy, right? I was tooting my own horn about it yesterday. But, of course, it was just an “occasional winner”, right?) This option was up 1600% the next day. I looked at other contracts, and there was nothing weird. But someone knew something, and they knew just what to buy to profit…… (more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
SPX/ES retraced as expected yesterday and ES bounced at established support in the 1834.50 area. The 50 hour MA, now in the 1840 area, isn’t holding as support so the retracement is ongoing and I’m looking today at some support in the 1830-3 area including the 38.2% fib retrace and the weekly pivot at 1831, and strong established support in the 1825-7 area. Anything lower than 1825 ES would invite a retest of Monday’s low. ES 60min chart: (more…)
TO GO LONG ANALYSIS
The CCOC DAILY gauge below is showing coin flip odds to GO LONG.