12thMan86 said:

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McInnis 03 said:

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12thMan86 said:

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Ragoo said:

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I think I am only going to buy verticals from here on out. Profit is capped but risk is significantly reduced.

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I'll tell you what are fun are SPX verticals that expire the same day. They are lottos but work regularly in this violent market. On Friday I bought the 2850-2855 call vertical for .65 late in the day. It maxed out at 4.65. I've done these for the last month. Hit about 40%. When you can hit 40 percent and make anywhere from 5:1 to 9:1, it works. You have to be right on your direction of course. Theta decay works in your favor big time.

I agree I have started buying more verticals. The key is how far out you buy them.

Good luck!

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When you bought this how far otm were both these strikes?

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Market was at 2825Ish and it was around 1:45 I believe

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Well, let's see what happens. I'm in one.

CrazyRichAggie said:

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So I have a SPY 295C 5/22 I purchased for $.70 last week. It's now at $2.55 and going up. How do you guys decide it's a good time take the money and run?

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Profits are never a bad thing. I would cash some out and let the others ride.

Volume spike on TWTR as we blast through $30...

Random wash sale question...I sold some stock at a loss on April 6th and then sold puts that expired on May 15th and bought some stock back. I should still be able to count the loss since it was 30+ days apart from sell and buy correct?

CVET - $13.30 back to pre market collapse

Anyone still holding this one?

TWTR needs to keep rocking

Man robinhood's new design is soooo bad.....

oldarmy1 said:

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Prognightmare said:

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oldarmy1 said:

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McInnis 03 said:

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I have Disney cost based at 100. AM I crazy for thinking of taking profits and then jumping back in again at low 100's?

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Yes

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He-heh

Look at this setup on DIS. Don't sell it - buy it!

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Good grief man, I'm listening to you, but I can't help but thinking at 119 we get a bounce back to value inside the channel close to 105 again SOON.

Wow MRNA 280% return on friday's call purchase.. Thank you whoever posted that one!

Should I be picking up ZOM at under $0.22?

Ranger222 said:

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Man robinhood's new design is soooo bad.....

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Whoever decided on changing the color to booger green should be thrown in the trash

A stock I always seem to look at and have my jaw drop to the floor every time, yet never move on...CMG. This stock could be had for 415 on 3/16. It is 1010 as I type this. A freaking burrito company! Hell...it was 900 last week!

DIS (this is more me talking and looking for feedback than it is me saying to act on something)



Disney is definitely leaving the channel right now, but twice since it left the 200pma on the 4hr chart it's come back to touch. It's so far off it's value trajectory right now. Before it crossed the 200pma, it was bouncing off the 50pma. I guess if I'm convinced that a 200pma (period moving avg) is in the cards I'd buy a 108 put for 2-3 weeks out to capitalize on it? That being said, I guess I should wait for a confirmation on the pullback first? Today would not be the day. (i'm literally typing stream of conciousness as I contemplate this!!!)

"Give up the first 1/8th and final 1/8th of the trade, capture the 6 in between"

BTW, thank you for convicing me not to sell it

leoj said:

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I'm about to go long stocks again today with some stop losses. SE, DOCU, FSLY, NET, NOW, AYX. Going to wait on NVDA until after earnings even though I'm assuming they do well.

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was wrong to say today. Waiting for good entries since a lot of these have run up. Maybe we get a breather in growth stocks before a push to 300.

jtmoney03 said:

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A stock I always seem to look at and have my jaw drop to the floor every time, yet never move on...CMG. This stock could be had for 415 on 3/16. It is 1010 as I type this. A freaking burrito company! Hell...it was 900 last week!

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Crazy and I'm more a Freebirds guy myself.

Nachos chips on the side so you can get the queso for no extra charge.

Chipotle was already very well positioned for pickup/delivery before Covid.

jbeck3487 said:

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jtmoney03 said:

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A stock I always seem to look at and have my jaw drop to the floor every time, yet never move on...CMG. This stock could be had for 415 on 3/16. It is 1010 as I type this. A freaking burrito company! Hell...it was 900 last week!

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Crazy and I'm more a Freebirds guy myself.

Nachos chips on the side so you can get the queso for no extra charge.

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Discovering this launched Freebirds up my list of places to eat.

Proposition Joe said:

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Chipotle was already very well positioned for pickup/delivery before Covid.

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If you buy Chipotle be sure to pick up Pepto too

H&S early on SPY...going to have to work through profit taking on such a huge push but all of the buying isn't leading to a top here I would think. Buy the dips intraday.

Anyone have any thoughts on BIG? It has a nice ascending channel right now, and there was huge chunk of 6/19 $30 calls bought a little while ago.

Proposition Joe said:

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Chipotle was already very well positioned for pickup/delivery before Covid.

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Yes. They've set up the local one for max takeout efficiency and pickup layout. Always have about a dozen orders waiting for people to get when I go over. I think they are doing really well.

Side note, I wish Chick-fil-A was a public company. That would be the biggest no brained in the restaurant space ever. What a beast of a company. Great food too

OXY and TOTAL deal not closing

http://www.rbcrichardsonbarr.com/IndustryResearch/News.aspx?a=news&ticker=a&w=&story=202005PZONE87922217

RUBI just can't get through the 50 dma. It hits it and then pullbacks. It should run if it can get through it.

SDC - 6.88

May be a good long term pickup

leoj said:

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Proposition Joe said:

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Chipotle was already very well positioned for pickup/delivery before Covid.

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Yes. They've set up the local one for max takeout efficiency and pickup layout. Always have about a dozen orders waiting for people to get when I go over. I think they are doing really well.

Side note, I wish Chick-fil-A was a public company. That would be the biggest no brained in the restaurant space ever. What a beast of a company. Great food too

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I'd buy chikfila in a heart beat. They run so well, and are constantly improving efficiency. If their internal ops are anything like their customer facing efforts, they're a hell of a company.

Sold my spy calls expiring Friday but otherwise just sitting in the market. Feels good right now, sometimes blind luck is more important than actual analysis.

gougler08 said:

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Random wash sale question...I sold some stock at a loss on April 6th and then sold puts that expired on May 15th and bought some stock back. I should still be able to count the loss since it was 30+ days apart from sell and buy correct?

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Selfishly bumping

PN are you still long AMD 60's? kind of wish I'd sold them at open, but still have time (5/29).

Prognightmare said:

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RUBI just can't get through the 50 dma. It it's it and then pullbacks. It should run if it can get through it.

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I sold a bunch of under $5 buys on the early push and am crouched like a lion to smash back in if we can get a little more retrace. Not sure it comes but its a no lose scenario.