Arete-HI

Choppy AF but seems to be a slow moving grind up

Long
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
I like to be a bear as much as anyone else, but it seems that the algos are playing you all. Facebook for example, wiped out 11.5 million in excess puts on Wednesday, but still grinding away at at an additional 15 million in calls that were sitting at 230. Many stocks are priced for max pain, retail did btfd, but they btfd in options. Option writers need to harvest some retail money this week and they doing a good job. Trust me nobody wants hedgies making money on puts. Ask Burry how the fed wiped the floor with his treasury puts. In 2018 all you had to do through that choppy market was go long, and buy when shit hit the chopping block, it all paid out by the end of the year, but in the meantime lots of guys got fucked.

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