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22,099,428 Views | 224561 Replies | Last: 2 hrs ago by ProgN
Brewmaster
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AG
I think most here know it's not, but glad to see you pick up your sword and join the action

This thread is mostly bears, so it's good to balance it out a bit with a bear
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
DON'T TREAD ON ME
AGSmith
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AG
Irish, OA - is love input as a minnow

Looking at SDC for yesterday, there appeared to be hard resistance at 8.74 (hit between 1:45 and 2:00p). Looking at selling a Cov Call on it (in 8.71, poorly timed around earnings last time), what's the best way to select my contract date and strike? I'm sure it depends if I want to keep long term vs don't mind getting assigned. Any help either way is great, so I can use it on other trades.
McInnis 03
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AG
YM and ES in slight pullback mode this am. Nothing crazy though.
***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
Aggies1322
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AG
McInnis 03 said:

YM and ES in slight pullback mode this am. Nothing crazy though.

Have you always gotten up this early for the futures? Or is this the new McInnis?
ProgN
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Aggies1322 said:

McInnis 03 said:

YM and ES in slight pullback mode this am. Nothing crazy though.

Have you always gotten up this early for the futures? Or is this the new McInnis?


He's addicted now, SHAZAM

I hope McInnis is the boss because his "real job" productivity might take a hit when everything is back to normal.
McInnis 03
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AG
Aggies1322 said:

McInnis 03 said:

YM and ES in slight pullback mode this am. Nothing crazy though.

Have you always gotten up this early for the futures? Or is this the new McInnis?


M-f I go to the gym at 5a
***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
McInnis 03
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cisgenderedAggie
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Dammit. Fidelity doesn't trade premarket before 8 and MIK already dropped their turd.
Carlo4
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AG
Sorry if double posted/discussed already. CBO says full recovery in 2029.

https://www.google.com/amp/s/www.marketplace.org/2020/06/02/covid-19-coronavirus-recovery-economy-cbo/amp
oldarmy1
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AG
Carlo4 said:

Sorry if double posted/discussed already. CBO says full recovery in 2029.

https://www.google.com/amp/s/www.marketplace.org/2020/06/02/covid-19-coronavirus-recovery-economy-cbo/amp


Climb the wall of worry - sell the news
texagbeliever
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cisgenderedAggie said:

Dammit. Fidelity doesn't trade premarket before 8 and MIK already dropped their turd.


Small volume and they just had Q1 earnings. It missed earnings and sales.
cisgenderedAggie
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Yeah, I was expecting it and ready to short, but apparently they don't accept shorts until 8 am.

Guess I'll just try and dump my left over calls. Glad they had gone net free. Cheap lesson I suppose.
texagbeliever
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Its early. I wouldnt write it off on free falling.
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
DON'T TREAD ON ME
cisgenderedAggie
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Yeah, it's the same for me (7am EDT). Apparently it's just short sales that don't get accepted until 8. texagbeliever May be right. Shares are incrementing up on low volume, but they missed by $0.57 on expected $0.19. I think a lot of sell off at the open should be in order.

I'll be ready to enter at the largest volume block I can see in 20 min.
oldarmy1
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AG
I would expect at least a retest of $113 and possibly higher flash potential, but you never know.

I bought some SPY down premarket because if it doesn't fail from $110 I can get $2-3 quick gains per share BUT if into or after open it's not moving up quickly I'll sell a $300 covered call out to July 17 to marry up with my highest Put of $295. Plenty of covered call premium to bridge the $5 between Put and covered call. Zero loss potential and some good offset gains if we don't consolidate hard.
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
DON'T TREAD ON ME
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
DON'T TREAD ON ME
OverSeas AG
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AG
Every knee shall bow and every tongue shall confess
DON'T TREAD ON ME
BB675
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AG
I hung onto MIK too long as well.
cisgenderedAggie
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BB675 said:

I hung onto MIK too long as well.


Short it. It can probably fall to $3, if not lower
oldarmy1
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AG
Yes
claym711
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AG
ECB out with the perter north super soaker pump this morning.
BB675
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AG
I am a newb with no experience shorting.
McInnis 03
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AG
Prognightmare said:

Aggies1322 said:

McInnis 03 said:

YM and ES in slight pullback mode this am. Nothing crazy though.

Have you always gotten up this early for the futures? Or is this the new McInnis?


He's addicted now, SHAZAM

I hope McInnis is the boss because his "real job" productivity might take a hit when everything is back to normal.
Y'all know I'm just trying to position myself to take on a lead role at OldArmy1's Online Whale Academy......
***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
oldarmy1
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AG
Moving up. ES -6 now and SPY buys up over $1

I'll hold to see if a breakout occurs with plenty of room to enter the covered calls now.
McInnis 03
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AG
BTW, whatever gap we HAD is basically gone. Still going to be watching that little black hole called SPY 310/308 we didn't fill yesterday. I'll give it 5-7 days before it sucks us back in.
***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
cisgenderedAggie
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BB675 said:

I am a newb with no experience shorting.


Yeah, this will be my first too. If you're covered with a call at $5, then the difference between your sale and $5 per share is the most you should lose if it were to run. If you're covered at $2.5, You can't lose money unless you overbuy you're coverage.

Edit: got in at $4. I have calls at $5 strike, so $1 per share should be my max loss.
McInnis 03
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AG
Jeepers creepers, i hope nobody was riding $SMAR into earnings last night.......
***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
Aggies1322
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AG
What do you think about NET's recent price action? Looked like it was primed for a breakout and then pulled back some.
E
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AG
NIO
IrishTxAggie
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AG
SIX up another $1.10 this morning

Well it was. Size buyer came in at $26 and brought it down.
IrishTxAggie
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AG

BrokeAssAggie
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Come on V calls...

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