High Gamma hedging by dealers. When was the last time you saw SPX and VIX red?
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Last: 1 min ago by Heineken-Ashi
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to the pennies!!!McInnis 03 said:
The volume today.....where in the hell did everyone go?
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and I'm now net free on my Nov $2 calls!MROD92 said:
MVIS at 52 week high
We are all busy trading SPCE.McInnis 03 said:
The volume today.....where in the hell did everyone go?
TTOO $1.88
Just sold 50% of recent rebuys
Just sold 50% of recent rebuys
Has more legs in here regardless of MSFT rumors.
aggiedaniel06 said:
High Gamma hedging by dealers. When was the last time you saw SPX and VIX red?
How do they even DO that!?
oldarmy1 said:
Tough trading period after the easy money move to retest June top resistance yesterday.
Are we consolidating with a huge bull blowup coming through the $323 level? Or are we seeing a double top?
Odds are still to the bullish side but buying dips here is higher risk. Almost better to wait for either a further pullback within a developing potential Darvis Box or after a clear breakout.
Thanks OA, was my thought after seeing the action this week. Appreciate the outlook.
That AMZN trade was there at 2920... just sayin...
Ideas for a good long term hold buy, with dividend, under $100 per share right now?
Callate Donnie said:
Ideas for a good long term hold buy, with dividend, under $100 per share right now?
Sphd
MM adjust their gamma exposure based on the PC skew changes relative to gamma. The job of MM is to stay neutral while providing liquidty.
So lets say when they deal a large number of puts to a buyer (OI change), the MM shorts the underlying to remain delta neutral, but as price moves one way or the other, their gamma exposure changes. So they then reposition to stay within 1 Std Dev OTM.
So lets say when they deal a large number of puts to a buyer (OI change), the MM shorts the underlying to remain delta neutral, but as price moves one way or the other, their gamma exposure changes. So they then reposition to stay within 1 Std Dev OTM.
Has ROKU gotten too high in your opinion? Debating about cashing out and waiting for it to drop back down.
I was going to post a ZS chart, but AMZN works too.
So at this time, it has bounced of the 20 EMA. Now what do you do - Buy or Sell?
So at this time, it has bounced of the 20 EMA. Now what do you do - Buy or Sell?
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Callate Donnie said:
Ideas for a good long term hold buy, with dividend, under $100 per share right now?
Vst, dri, ohi
Depends really on your strategy. You can really use it however you want. If day trading (especially options) then sell. Take that $100 per share gain and run, or if options even better ROI.aggiedaniel06 said:
I was going to post a ZS chart, but AMZN works too.
So at this time, it has bounced of the 20 EMA. Now what do you do - Buy or Sell?
If swinging and entered down around 21 test for first entry, trim some maybe or just wait it out with stop limit that makes you comfortable.
Some guys will accumulate a larger position on trend breakout (see AMZN 2200) and then sell half or covered calls on those extensions above the 8 EMA and then buy them back at the 21 test. If the pattern holds for awhile, it works well. This would be the 5th or 6th cycle since breakout.
ETA: Wait till you get a close above 8 EMA to add if you want to be more bold...
Here's the chart. I have no idea why, but these things repeat. JD has been repeating as well but not really tied to EMAs, more explosion moves and then falling wedges...
Full disclosure on GOCO. They are my 2nd largest contact center client. Last year we ranked by 40% of static headcount for open enrollment Sept-Jan and they were woefully short on projecting headcount needs.
So they increased our static headcount year round and are adding an additional 60% for OE this year. This sets up a quarterly report surprise to the upside by millions.
Some people won't understand the seasonal aspect of the new stock and will likely create a huge spike in price to capitalize on when they announce Q4 results early next year. We'll have options by then as well.
So they increased our static headcount year round and are adding an additional 60% for OE this year. This sets up a quarterly report surprise to the upside by millions.
Some people won't understand the seasonal aspect of the new stock and will likely create a huge spike in price to capitalize on when they announce Q4 results early next year. We'll have options by then as well.
That's the AMZN chart right? I sold my weeklies at the low today and it has come roaring back...
Thanks for this, I'd have not put 2 and 2 together.aggiedaniel06 said:
MM adjust their gamma exposure based on the PC skew changes relative to gamma. The job of MM is to stay neutral while providing liquidty.
So lets say when they deal a large number of puts to a buyer (OI change), the MM shorts the underlying to remain delta neutral, but as price moves one way or the other, their gamma exposure changes. So they then reposition to stay within 1 Std Dev OTM.
Callate Donnie said:
Ideas for a good long term hold buy, with dividend, under $100 per share right now?
KMI has been sub 15 recently with 7%+ dividend
XOM near 40 and 8% dividend I like too
ETA - I like selling puts on these down here and collecting a decent return until it gets exercised at a price I like anyways. Right few weeks before ex-dividend is nice too to get double income and then sell covered calls. Can keep a portion true L/T and not sell calls as well
Yup, hammer close above 8 EMA today and it's right back on trend up into earnings.
Trying some farther out calls to get through current climate.
JD Sept 62.5C
JD Sept 62.5C
Grown Pear said:Callate Donnie said:
Ideas for a good long term hold buy, with dividend, under $100 per share right now?
KMI has been sub 15 recently with 7%+ dividend
XOM near 40 and 8% dividend I like too
ETA - I like selling puts on these down here and collecting a decent return until it gets exercised at a price I like anyways. Right few weeks before ex-dividend is nice too to get double income and then sell covered calls. Can keep a portion true L/T and not sell calls as well
Exactly. You give me $8/share on FTNT from here and I'm a happy camper assigned or just the $8 gain/share.
When you aren't sure about direction you basically are going to earn $8/share if we bounce or lower entry by $8 from buying shares today, which would be assigned at about the price you would have been looking to buy anyways.
CHNG with a give away reversal move upward having a pullback on market weakness is also a good buy. That or sell naked $11 Puts out to August.
Someone slap me next time I put a trailing stop on ROKU. F ME
went with Aug 10P at 1.10. if it feels, that is an 8.9 cost so I am good with that.AGSmith said:
The 8/7 12p is 1.42, but that may tie up your cash for a little longer than you would like
Market is expecting a 15% move on NFLX post earnings, could be a fun Iron Condor to put on to cap the day.......
RUG PULL ABBOTT RUMORS
McInnis 03 said:
RUG PULL ABBOTT RUMORS
Huh? There's been about 50 all week.
This was the first I've seen of the rumors hitting any wires.
and SPY don't care.
McInnis 03 said:
This was the first I've seen of the rumors hitting any wires.
Ah thanks. I don't have a follow on that guy. Wonder what the sources are.
What MSFT rumors??
Not a bad day for APT
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