0708aggie said:

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Well looks like all the SN longs got royally crapped on. OA what are your thoughts?

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My thoughts are to never go into earnings without a hedge. I closed my $4 Put on the obvious bottom mark just above $3.20. Net impact om holding price from close yesterday? 3 freaking cents!

So ALWAYS take the cheap hedge. CHK checked up but then moved higher so you lose/give back 4cents per share on the worthless options. Do you think I care when the stock moved 30 cents higher?

It's a brutal profession. Protect your capital is #1 rule of engagement.

OA- agreed on a hedge with earnings. But what can you do to hedge something like RRTS earnings. It's a $2.05 stock with no $2 puts available.

RRTS options are the strangest trade on the markets.

Someone actually paid $15/option for a $2.50 Strike price expiring next Friday. Now someone is bidding $10/contract. So if anyone cares to you can sell naked calls to the buyer 10 contracts = 100 premium. You could go risky that the shares won't jump to $2.50 on earnings tomorrow. Or you can buy shares here at $2.06 and either be at $1.96 net of the stock trends but stays below $2.50 or you make $.55/share if called out.

There should be no bid IMO. I have a few at a nickel that I was buying back. I had sold those calls at 40 and 45 cents.

And yes, I will be pissed off if the stock somehow were to jump above $2.50 after early earnings release in the morning.

But think about a naked call means you would owe someone those shares at $2.50. It would have to open at $2.60 for you to lose money on the naked Call.

You could buy it at $2.40 on the rise and break even.

Thanks for the insight OA!

BBOX doing its every day thing last 6 sessions. Opens around $1.50 dips down intraday and moves back up.

Note that 5 of the last 6 intraday lows are higher then previous days.

Also, a note out of courtesy to this group. I will sell up to 50k shares at $1.70-$1.75. Simply part of my average down holdings strategy. Nothing unique or alarming.

Financials perking up after resting from initial move. MS looks to be about to break upward.

Reached $50.85 early. Had slow decent, found bottom and moving off that. Any momentum into close likely gets follow through tomorrow.

Thoughts on the wave pattern OA? Seems like we're really trying to break up out of this one...

1 of you guys sell the naked RRTS call at 10 cents?

Looks like only 3 contracts filled. If its one of you on here I'll finish your lot at a dime. I'm trying to keep volume low on the bid as I am alone.

I've got 40 covered calls out there for sale at 10c limit. None have filled though.

gougler08 said:

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Thoughts on the wave pattern OA? Seems like we're really trying to break up out of this one...

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Well at least we're playing in the upper half of the sideways pattern. We are close to Feb 27th DOW secondary peak, so expect some resistance and likely pullback tomorrow.

S&P already broke through that period peak and is right on its R2 resistance. I sold some ES as a hedge looking for pullback tomorrow but momentum can crush that if it stays intact.

We are only a couple dozen points from all time high on SPX. I refuse to part with all the great buys from the retests. Don't fight the tape.

DBX taking a look at a breakout.

Who was it on here that joined on the OLED leap options? Weeeee

Big trades in JD. Seen that before. Big hilder wants to end the daily drop into $35's. Watch JD for explosion move out of its channel.

AVEO is clear for take off

S&P fading into close. Hedge already moved well.

tailgatetimer10 said:

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AVEO is clear for take off

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Don't worry... It'll come back down to $2.03 soon enough.

oldarmy1 said:

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Big trades in JD. Seen that before. Big hilder wants to end the daily drop into $35's. Watch JD for explosion move out of its channel.

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JD has bumped up against that downward trend line a few times lately...it's getting wedged in tight between major resistance around $35 and this $36.50(ish) line, so would be nice for it to break out now (especially before earnings)

RRTS down 17% and falling after hours

Just put in a buy order for RRTS.

Papa John's down 10+% after hours

SNAP was up over 10% immediately after the market closed, but they are negative now.

After hours moved can be miss leading as the volumes are generally much lower the bid/ask can move up dramatically.

I see no release on RRTS. A while ago I saw wherr Elliott Associated reported a 9.5% stake in it. That's not negative news.

http://stocknewsflow.com/1440024_000101359418000488_0001013594-18-000488

Applied Optoelectronics (AAOI) up 20%+ after hours today

Any of yall still holding (I got in awhile back based on this thread)?

RRTS shot up to $2.50 on the Elliott stake news release. Then a total of 7k shares sent it down to as low as $1.60. Now $1.73 x $1.90

Only 400 shares offered at $1.90. Tom foolery.

I had a partial order of 392 shares of RRTS filled at $1.60

I tried too late to get in even at 1.73.

Seor Chang said:

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I had a partial order of 392 shares of RRTS filled at $1.60

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You win the market today. Back to $1.90.

Any thoughts on JROOF? Looks like they are making some sound moves in SCOOP play.

LOL! I thought it would be a great place to promote learning and conversation in a more direct manner but clearly the texag market has no demand for it.

I'll be posting a lot of my trading ideas on there anyway just to log them.

I was looking to snag AAOI at low-mid 36's since Friday but it never got to it. Super high short float %. This bad boy can squeeze some shorts, which it clearly did in AH due to ER.

https://marketexclusive.com/roadrunner-transportation-systems-inc-nyserrts-files-an-8-k-results-of-operations-and-financial-condition-5/2018/08/

Is there a summary? On the road this morning.

Not yet. Think earnings lower than expected

There is an exhibit you can view within that link. I don't know what was expected but it looks like they took a 11.4 million 2nd quarter loss, with much of that due to restructuring. They state a positive outlook based on the restructuring.

RRTS EPS @ -1.09.

RRTS getting crushed at the opening bell

Sooo... get your average share price down?