This is about to happen. I picked up some weekly $35C as a lottoIrishTxAggie said:MRNA is one of the stronger Coronavirus plays. I think SPCE can go red to green today.La Bamba said:
MRNA to me has SPCE potential. Should have failed PM and is now testing PM highs. Reported earnings this morning.
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I did, too. Right around your price. A model T play if anything ($8.35ish)Prognightmare said:I'm backRSP715 said:
Anyone picking up some SDC this morning. I don't own but looks like an over reaction. Sorry to my brethren bag holders. Been there.
I bought it at $8.25
And I'm out of both BA and SPX. 1.42 to 1.89 for a few BA contracts, and 3.0 to 4.5 for the SPX.
Taking profits fast when one tweet can blow it all up.
Taking profits fast when one tweet can blow it all up.
khaos288 said:
And I'm out of both BA and SPX. 1.42 to 1.89 for a few BA contracts, and 3.0 to 4.5 for the SPX.
Taking profits fast when one tweet can blow it all up.
Smart play at the moment
I did same - exited DIA calls and DUST shares purchased late yesterday.
Wow went to my stand up meeting and came back to everything down almost to buy levels.leoj said:khaos288 said:
And I'm out of both BA and SPX. 1.42 to 1.89 for a few BA contracts, and 3.0 to 4.5 for the SPX.
Taking profits fast when one tweet can blow it all up.
Smart play at the moment
Bought low and sold high for once
I think it goes back to $11-12 over the next few weeks. That qtr wasn't bad and this is overblown.gotsand said:I did, too. Right around your price. A model T play if anything ($8.35ish)Prognightmare said:I'm backRSP715 said:
Anyone picking up some SDC this morning. I don't own but looks like an over reaction. Sorry to my brethren bag holders. Been there.
I bought it at $8.25
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okay another noob options question:
I want to FOMO into SNSS. Why wouldn't I sell $2 naked puts for .95 for an average entry of $1.05 if I get assigned, or $95/per free money if I don't?
I want to FOMO into SNSS. Why wouldn't I sell $2 naked puts for .95 for an average entry of $1.05 if I get assigned, or $95/per free money if I don't?
Interesting post here from @fundstrat
Don't know how to post from twitter. Anyway, summary last time we had back to back 3% dwon days with PMI > 50 and no recession all have had very positive returns in 3M, 6M and 12M.
Don't know how to post from twitter. Anyway, summary last time we had back to back 3% dwon days with PMI > 50 and no recession all have had very positive returns in 3M, 6M and 12M.
Thank you!
I started a position in SDC at $8.34. Let's roll. My dad not trade of the day more than likely.
Several asking on PM and back on the thread about Model T. Here is the SPX today showing a perfect Model T when posted earlier, prompting some PM's.
Really a 50% retrace from bottom to top (bull move) or top to bottom (bear move). You make entry generally the direction of the initial move (which would be up in this instance). So when we hit 3149 you'd enter long or buy $317 - $318 SPY calls because odds are high it retests days highs. Which we did and hit above $318 for selling.
Forgot the 3121 + 3175 = 6298 divided by 2 = 3149 Really simple!
Really a 50% retrace from bottom to top (bull move) or top to bottom (bear move). You make entry generally the direction of the initial move (which would be up in this instance). So when we hit 3149 you'd enter long or buy $317 - $318 SPY calls because odds are high it retests days highs. Which we did and hit above $318 for selling.
Forgot the 3121 + 3175 = 6298 divided by 2 = 3149 Really simple!
Is your Model T time limited? Does it have to occur on a certain timeline for it to be accurate? (IE: not good for a 5 minute chart on the 1 day or 1 hour, but great for a 15 min chart on a 5 day)
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Intraday would usually be within 30 minutes. But this is also effective on the daily charts once you have confirmation of reversals.McInnis 03 said:
Is your Model T time limited? Does it have to occur on a certain timeline for it to be accurate? (IE: not good for a 5 minute chart on the 1 day or 1 hour, but great for a 15 min chart on a 5 day)
OA, do you use the Model T as a day trading pattern/tool primarily, or do you also see value in applying it for multiple timeframes (daily, weekly, monthly)?
Edit: saw your post above. Thanks.
Edit: saw your post above. Thanks.
Daily weekly monthly.La Bamba said:
OA, do you use the Model T as a day trading pattern/tool primarily, or do you also see value in applying it for multiple timeframes (daily, weekly, monthly)?
Edit: saw your post above. Thanks.
Now here is something fun. ROKU. We all want to be in ROKU when it bottoms. I have pointed out each correction with notes. So the question is should we be buying this pullback in ROKU or are we getting trapped?
Everyone thinks we're heading higher. What does everyone think?
The march to $0 by WDC and IWM on the 3/20 calls is impressive.
Yup - The 2nd leg of the selloff effectively killed the trades.Jizzle89 said:
The march to $0 by WDC and IWM on the 3/20 calls is impressive.
OA if you liked OVV in the 14s are you in love at 12.50. O&G is toxic right now. What's your hold period and thoughts and on further down draft?
I think everyone thinks we're heading higher.Quote:
Everyone thinks we're heading higher. What does everyone think?
Isn't it tied to the SPY right now? So if we reverse and boom for the next two-three weeks, we will back in business?
Oil and Gas in general are under double pressure. Slow down of travel and the whacked out left. Obviously we're not going to be oil and gas free for years, so I am slowly accumulating shares. Every $1 I buy equal numbers and sell 50% on each dollar higher as position is built until bottom is reached.RSP715 said:
OA if you liked OVV in the 14s are you in love at 12.50. O&G is toxic right now. What's your hold period and thoughts and on further down draft?
Generally yes but just as ROKU spiked up yesterday the pattern showed you'd be wise to sell the spike.UpstateAg said:
Isn't it tied to the SPY right now? So if we reverse and boom for the next two-three weeks, we will back in business?
Markets just above yesterdays close and an inflection point. Choppy back and forth here seeking direction.
So, just sell all and get out with what's left?
Or do you see a reason to just hold for a month and see if I can sneak back some losses?
Or do you see a reason to just hold for a month and see if I can sneak back some losses?
they are close to a lotto ticket now, so I'd wait until tomorrow to see if no new lows today gives a hard move upward. Not much deterioration if markets hold above yesterday.Jizzle89 said:
So, just sell all and get out with what's left?
Or do you see a reason to just hold for a month and see if I can sneak back some losses?
Everyone needs to be moving to Feb 28th for any options, unless you use opposite cheaper hedge than your directional thinking. So if I think the markets will bounce I buy the $318-$320 calls Feb 28th but what if markets fail today and hit newer lows, so I either hold my $314-$310 puts or if none I buy a $310 Put as leverage today.
Am I right to assume that $115 is the horizontal line on the T chart for Roku? Meaning that we are all right and that it is heading higher?oldarmy1 said:Daily weekly monthly.La Bamba said:
OA, do you use the Model T as a day trading pattern/tool primarily, or do you also see value in applying it for multiple timeframes (daily, weekly, monthly)?
Edit: saw your post above. Thanks.
Now here is something fun. ROKU. We all want to be in ROKU when it bottoms. I have pointed out each correction with notes. So the question is should we be buying this pullback in ROKU or are we getting trapped?
Everyone thinks we're heading higher. What does everyone think?
oldarmy1 said:they are close to a lotto ticket now, so I'd wait until tomorrow to see if no new lows today gives a hard move upward. Not much deterioration if markets hold above yesterday.Jizzle89 said:
So, just sell all and get out with what's left?
Or do you see a reason to just hold for a month and see if I can sneak back some losses?
Lotto please.
McInnis 03 said:
Any thoughts on SQ today? They announce at the close. Last week everyone thought 85 was a sure bet.
I'm leaning to take an end of week call here...
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Jack has screwed so many people over with earnings releases that I don't even play with SQ anymore.McInnis 03 said:McInnis 03 said:
Any thoughts on SQ today? They announce at the close. Last week everyone thought 85 was a sure bet.
I'm leaning to take an end of week call here...
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