OverSeas AG said:

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oldarmy1 said:

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Aggies1322 said:

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oldarmy1 said:

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Tricksy move to new lows on ROKU double bottom then explosion. Class dismissed

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I think I'm failing this class.

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It was only good for an explosion move. Now below $106 which has been key support. It's back to that right now but any fading is not good from here. I had a bunch of shares at $107 and already sold a massive $100 July 17 covered call for $13.50.

Either will be net $95 area or make $6.50/share profit. Not ideal but not willing to sit on it and refuse to lose money on I

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I have shares at 112. Would you sell at 105?

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You could do what I do and sell July covered call. On $112 holdings I'd accept the fact that your $7 below and look to make $113 or recapture at least this $7. That would be a June 19 $108 covered call for $5 or a July 17 $110 for $7.50. I like going out longer and capturing more premium on a trade gone wrong. Those July's will get you $117.50 out or reduce your $112 holding price to $105.

So why take a loss???

P.S. See if it recaptures $106 before you make any moves. The beauty of going out to July is you won't have big movement against you by waiting right now.

AgEng06 said:

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So where does ROKU drop to now? I'm looking for long term stock entry...

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Any one of you pivot people know where R1 and R2 are on the day or weekly? I still don't have it down.

McInnis 03 said:

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AgEng06 said:

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So where does ROKU drop to now? I'm looking for long term stock entry...

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Any one of you pivot people know where R1 and R2 are on the day or weekly? I still don't have it down.

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It moves rapidly due to the manipulation. I've seen the R1 and R2 fail 80% of the time on ROKU

Does nayone have good pivot settings for TOS? Is there a good study I can lean on there?

oldarmy1 said:

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OverSeas AG said:

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oldarmy1 said:

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Aggies1322 said:

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oldarmy1 said:

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Tricksy move to new lows on ROKU double bottom then explosion. Class dismissed

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I think I'm failing this class.

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It was only good for an explosion move. Now below $106 which has been key support. It's back to that right now but any fading is not good from here. I had a bunch of shares at $107 and already sold a massive $100 July 17 covered call for $13.50.

Either will be net $95 area or make $6.50/share profit. Not ideal but not willing to sit on it and refuse to lose money on I

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I have shares at 112. Would you sell at 105?

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You could do what I do and sell July covered call. On $112 holdings I'd accept the fact that your $7 below and look to make $113 or recapture at least this $7. That would be a June 19 $108 covered call for $5 or a July 17 $110 for $7.50. I like going out longer and capturing more premium on a trade gone wrong. Those July's will get you $117.50 out or reduce your $112 holding price to $105.

So why take a loss???

P.S. See if it recaptures $106 before you make any moves. The beauty of going out to July is you won't have big movement against you by waiting right now.

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Maybe you take a loss because 100 shares at $112 is a $10k position.

If "Woody's Pivots" study (great name!!) in TOS is right, we're right at R2 for the daily pivot calc. It's rare to hit R3.......but that's assuming this data is any good.

CRM is shafting me

Every knee shall bow and every tongue shall confess

It's rare enough that as long as ROKU isn't still in a squeeze I'll go intraday long if we hit R3.

EDIT: See, Don't know these well enough, I meant S3.

AfghanVet said:

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CRM is shafting me

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You and everyone else

Knife Wrench said:

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Mean a boost for DIS? And Gambling?

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DIS is already taking off today. ERI too.

stxag8 said:

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willjohnathan said:

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The last few stocks I bought puts for have soared immediately (nyt, sabr, oxy, amc). Trying this voodoo on Roku, fingers crossed.

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Can you buy CRM please?

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Done... but I think Roku broke it

McInnis 03 said:

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It's rare enough that as long as ROKU isn't still in a squeeze I'll go intraday long if we hit R3.

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30% up day on the account. Taking half my positions off here, keeping longer dated calls (July+)

AgEng06 said:

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McInnis 03 said:

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It's rare enough that as long as ROKU isn't still in a squeeze I'll go intraday long if we hit R3.

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Read "Mastering the Trade". It'll be worth every freaking second of your time. Then read it again.

Every knee shall bow and every tongue shall confess

Ready for the spy fall.

McInnis 03 said:

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AgEng06 said:

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McInnis 03 said:

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It's rare enough that as long as ROKU isn't still in a squeeze I'll go intraday long if we hit R3.

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Read "Mastering the Trade". It'll be worth every freaking second of your time. Then read it again.

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1st, 2nd, or 3rd edition?

PearlJammin said:

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McInnis 03 said:

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AgEng06 said:

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McInnis 03 said:

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It's rare enough that as long as ROKU isn't still in a squeeze I'll go intraday long if we hit R3.

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Read "Mastering the Trade". It'll be worth every freaking second of your time. Then read it again.

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1st, 2nd, or 3rd edition?

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I read 3rd edition and it was the most up to date, seeing that it was revised in 2018 or 19.

310p exp Friday?

SPCE is on a little run here

ROKU back over 106

Talon2DSO said:

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310p exp Friday?

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No. My puts are in July at 270. It was the OA suggestion on Monday.

McInnis 03 said:

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PearlJammin said:

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McInnis 03 said:

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AgEng06 said:

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McInnis 03 said:

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It's rare enough that as long as ROKU isn't still in a squeeze I'll go intraday long if we hit R3.

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Read "Mastering the Trade". It'll be worth every freaking second of your time. Then read it again.

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1st, 2nd, or 3rd edition?

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I read 3rd edition and it was the most up to date, seeing that it was revised in 2018 or 19.

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Where'd you get it, Amazon?

Aggies1322 said:

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Talon2DSO said:

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310p exp Friday?

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No. My puts are in July at 270. It was the OA suggestion on Monday.

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OA..if u were gonna buy a Spy put today, u would go 7/19 $295 with a premium right now around 5.20?

When do we determine to sell or hold CRM

AGSmith said:

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McInnis 03 said:

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PearlJammin said:

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McInnis 03 said:

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AgEng06 said:

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McInnis 03 said:

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It's rare enough that as long as ROKU isn't still in a squeeze I'll go intraday long if we hit R3.

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Read "Mastering the Trade". It'll be worth every freaking second of your time. Then read it again.

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1st, 2nd, or 3rd edition?

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I read 3rd edition and it was the most up to date, seeing that it was revised in 2018 or 19.

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Where'd you get it, Amazon?

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I actually listened to it on Audible. It comes with an accompaniment PDF file with a ton of charts and graphics that are discussed vigorously throughout the text.

Out of my CX calls @ 0.45. 50% gain. Thanks OA!

How long is the listen? I have a free 30-day trial for Audible I've been waiting to activate.

Big drop in the chicken stocks today. PPC and SAFM both down over 10% without much news. What's going on here chicken man? I'm thinking about picking up a little chicken today.

Uh oh, looks like there was some bird price fixing going on. Might have to pass or let these drop a little more.

george1992 said:

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Big drop in the chicken stocks today. PPC and SAFM both down over 10% without much news. What's going on here chicken man? I'm thinking about picking up a little chicken today.

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Price fixing indictments
https://www.wsj.com/articles/chicken-industry-executives-including-pilgrim-s-pride-ceo-indicted-for-price-fixing-11591202113


ETA:
I'll wait until I see a large buyer in the crowd

Coachbro20 said:

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Aggies1322 said:

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Talon2DSO said:

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310p exp Friday?

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No. My puts are in July at 270. It was the OA suggestion on Monday.

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OA..if u were gonna buy a Spy put today, u would go 7/19 $295 with a premium right now around 5.20?

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from his Twitter account:

July 17 $295 Puts