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OTM bearish vertical spread? Max profit $100 vs max loss $400 per spread.
You’re betting that QQQ won’t decline that low.
Next week is a BIG down week… some1 in SF should go afk.
I would like to have a double or triple from…
10 SPY put(Sep30 $400) 
Since we have different ideas about scales, is it 0.03% big or 0.3% BIG?
I don’t use percentage 
bigger decline than this week 
Yeah this looks good. I loved the bearish action today. Kept on adding puts in the morning. Got about 50 spy put for mid June and another 50 for end of June. I’ll prob add more or roll it over if the action is sideways. Always looking for a possible rip too…hence just entry positions for now.
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Your entry position is already more and is way more aggressive than my position. I find I am too timid, didn’t add a lot when it hits 4188 and start rolling over… hopefully can still long some May/Jun put at reasonable price on Monday. Didn’t have any ST position for SPY. As expected, IV crush on Friday for all time frames. Anyhoo, dropping to 4000, my position won’t double… just talking nonsense…
~$60k outlay
10 SPY put(Sep30 $400)
30 SPY put(Mar31 $285)
17 SPY put(Mar31 $360)
Panda said 2nd half of his roadmap is unchanged which is not exactly correct. With recent development, the crash is now as wave five instead of wave two… wave (ii) has already filled the two gap down, wave (iv) doesn’t need to go up there at all, in fact, wave (iv) would be barely above (i) if leading diagonal or below wave (i)… Panda didn’t give the exact date for the Cycle target, my guess is Jun 16… could be any date from Jun 10 to Jun 23… btw, Panda has been shorting SPY since start of operation top killer but didn’t report them as per the agreement with his client.
I will be very surprised if SPX drops to 3600 by June…we need some type of catalyst. If we do get the initial drop to SPX4000, which to me is more realistic, my options should 2-5x, depending on the velocity of the drop, I’ll sell the original investment and let the rest ride. However, I’ll also buy aggressive calls. I still wouldn’t count out euphoric rally to make ATH again. Just my wishful thinking because opportunity to make $$$ on both direction will be glorious. 
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I believe this is his alternate count. In some of his tweets, he hinted that he traded both sides 
Experienced traders trade both sides.
Anyhoo, I am planning to long some calls too but won’t be as aggressive as you since I still can’t get the art of day trading especially using calls… I tried doing with puny $, didn’t make much and success rate is not high enough for me to try a small fortune
If this doesn’t happen, back to drawing board. This is the 1:1 zigzag… quite often is a wave two before a bullish wave three so if it re-bounces, a new ATH might happen.
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Talking about alternate count… I have preferred and alternate count for QQQ…
Preferred count in green labels
Alternate count in yellow labels (a new ATH QQQ 355-365
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Yep, I stopped out at SPX 4180ish. A massive rip is now a possibility. Let’s see!
It’s all up to the 
now
If break above green (b), Panda should go into hibernation, no more adjusting (b) to be higher.
As of now, he opined no more 20-30% decline 21 days (about 1 calendar months) from start of OTK, only 10% to 3850s. What? Correction only? Suppose to be into bear market!!! So is the EPIC BEAR MARKET still in play or not?
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I don’t think we get anything susbstantial until June 10 CPI report. I’m still bit bearish on SPX but not that much. Still holding some put while waiting.
Jun 10 is CPI
Jun 16 is FOMC
