Boat Shoes said:

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NRD09 said:

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bailed on my 312 6/15s for 70% overnight. Buying vix calls, this feels like bull trap central

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What strike and expiration?

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still trying to figure it out...rh is slow as molasses today. I like $60 out a month or two, but also seems like if it's gonna happen it's gonna be soon.

I've also been playing (poorly) pfe and dg calls. PFE is due for a model t from some breast cancer drug trial that went south (i.e. bad press but a tiny portion of their business) and they didn't really move when it was announced they were on the top contender list for covid vaccines. DG has just been stalled out for a while and I think when it runs it's headed for $200

That 300 was a target if we bounced hard up today. Premiums are juiced now. If we just assume yesterday's slope down which is how we're setting up now, then we're gonna test 300 today. I think 305 will be key to hold today for 300 to be the bottom. If we close under 300, it is really bad technically.

Yeah, the trend so far this morning is not promising.

it will bounce slightly. give it time.

Stocks will probably have a great week next week. I just went 100% to cash this morning.

txaggie_08 said:

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Stocks will probably have a great week next week. I just went 100% to cash this morning.

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if we touch ~2900, you should expect a bounce up.

TSLA sinking faster than the Titanic.

duckingmoney jumped on puts this morning. They are 6x now. I missed them.

Engulfing candle here potentially.

Sold all my swing trades about 9 am... Long term holds and cash right now.

Finished up for the week. Thanks tsla puts! Did a five minute trade. Held ten minutes longer it becomes a 4 bagger. Oh well.

jamaggie06 said:

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McInnis 03 said:

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TSLA sinking faster than the Titanic.

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God. I read comments like this and think "****, what, is it down 10%? I go look and... it's down 2%.

Are you unfamiliar with Tesla's historical volatility?

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Probably more a function of those that stare at the 1-minute bars. Things can get amplified.

FED not-QE ops until 10:30 ET and on cue market drops right thereafter.

Irish - I assume you're out of those WMT calls by now?

That volatility is what I love. Makes a single trade worth it cause it makes my weekly nut

jamaggie06 said:

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McInnis 03 said:

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TSLA sinking faster than the Titanic.

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God. I read comments like this and think "****, what, is it down 10%? I go look and... it's down 2%.

Are you unfamiliar with Tesla's historical volatility?

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Ton of that on here recently, both up and down. Rocketship is not a 1% gain either.

jamaggie06 said:

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McInnis 03 said:

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TSLA sinking faster than the Titanic.

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God. I read comments like this and think "****, what, is it down 10%? I go look and... it's down 2%.

Are you unfamiliar with Tesla's historical volatility?

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Yup. Never seen it before. Is it a car company?

AgEng06 said:

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Irish - I assume you're out of those WMT calls by now?

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Yes, that was a scalp

topher06 said:

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jamaggie06 said:

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McInnis 03 said:

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TSLA sinking faster than the Titanic.

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God. I read comments like this and think "****, what, is it down 10%? I go look and... it's down 2%.

Are you unfamiliar with Tesla's historical volatility?

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Ton of that on here recently, both up and down. Rocketship is not a 1% gain either.

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I mean, it can make sense. 2+% moves in a broad based index are pretty significant.

2% moves in a highly volatile stock (historical volatility is on the order of 70+% is not "the Titantic." That's more like a calming sea breeze and ever so gentle rocking of your little fishing boat.

ABSOLUTELY DO NOT CARRY ANY CALLS OVER THE WEEKEND UNLESS THEY'RE VXX OR INVERSE

jamaggie06 said:

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topher06 said:

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jamaggie06 said:

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McInnis 03 said:

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TSLA sinking faster than the Titanic.

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God. I read comments like this and think "****, what, is it down 10%? I go look and... it's down 2%.

Are you unfamiliar with Tesla's historical volatility?

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Ton of that on here recently, both up and down. Rocketship is not a 1% gain either.

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I mean, it can make sense. 2+% moves in a broad based index are pretty significant.

2% moves in a highly volatile stock (historical volatility is on the order of 70+% is not "the Titantic." That's more like a calming sea breeze and ever so gentle rocking of your little fishing boat.

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You do realize how slowly the Titanic sank right?

McInnis 03 said:

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jamaggie06 said:

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McInnis 03 said:

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TSLA sinking faster than the Titanic.

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God. I read comments like this and think "****, what, is it down 10%? I go look and... it's down 2%.

Are you unfamiliar with Tesla's historical volatility?

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Yup. Never seen it before. Is it a car company?

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I can't tell if this is an attempt at sarcasm or not...

Thanks

$30,000 Millionaire said:

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Boat Shoes said:

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NRD09 said:

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bailed on my 312 6/15s for 70% overnight. Buying vix calls, this feels like bull trap central

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What strike and expiration?

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I did VXX 07/17 42C

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You timed this pretty well

So glad i sold most of my puts expiring today first thing this morning.... I am such an idiot!

We're going red on the day. Sucked retail in the first 60mins and now it's blood bath time

VIX jumping
TICK living low
VOLSPD just took a downward trend.

It seems legit to the down.

Currently short UBER and NCLH

IrishTxAggie said:

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ABSOLUTELY DO NOT CARRY ANY CALLS OVER THE WEEKEND UNLESS THEY'RE VXX OR INVERSE

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WHAT ABOUT MY TSN JULY 17TH $75 TENDIES CALL?!

So those RVLV calls...

Are we out on GLUU 11C 7/17?

my screen is all red!!