McInnis 03 said:

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$30,000 Millionaire said:

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McInnis 03 said:

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$30,000 Millionaire said:

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McInnis - high 5 on the condor. I got out for 75% max profit. Probably could have waited for 90%, but hey, it's a good day!

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WHAT ARE WE SELLING TONIGHT!?

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INTC or AXP?

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Looking at IV, it looks like DFS, ETFC, and AXP are 1, 2, and 3, then INTC is 4th.

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Someone call me out here if I'm off, but I'll try to check these numbers later when people start showing implied moves....

Assumption (I'm using 85% of the ATM Straddle as the implied move)
1) DFS implied move $1.45 (trading around $52 now)
2) ETFC implied move $2.34 (trading around $52.50 now)
3) AXP implied move $2.90 (trading at 96.60)
4) INTC implied move $2.36 (trading at 61.38)

Once I like these later again, I'll see about selling some IC's using those as the safety barrier. I'm conservative so I'll likely bump up my numbers at the expense of premium sold.

Stocks acting very weird today.

What is making SPY move over the last few weeks?

If anyone is looking for an AAPL entry, now may be the time. It's reverted to it's mean. Each of the past 4 times it's pulled back here, it has recovered nicely. You'll want to be diligent with your stops in the event this is a true reversal. You could set it at at the 21 day EMA, or tighter if you wish.....

Bought BYND 731 135C. Trying to catch a pre-earnings run

SQ down big today

Edit: not as much as other tech companies but still a lot for the stock

RVLV keeps on stair stepping up with higher bases

Liz Young on CNBC is an attractive woman, that is all.

Come back AMD..... I thought we were having fun....

tsuag10 said:

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Come back AMD..... I thought we were having fun....

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My sold calls are keeping me afloat. I way overshot the strike

khaos288 said:

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tsuag10 said:

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Come back AMD..... I thought we were having fun....

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My sold calls are keeping me afloat. I way overshot the strike

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I've got some 60/65 call spreads for Friday that I was real happy with until about 10:30. Didn't see the fall in progress because I was on the road.

TSLA - LOL

$30,000 Millionaire said:

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TSLA - LOL

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Not so funny when you hold both puts and calls, and both are down BIG. The implied volatility leading up to the earnings announcement was much greater than I estimated. In a great year for me, investing-wise, this is my worst move so far. Crushed, like a 20-year old rusted Tesla Roadster.

I bleed maroon said:

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$30,000 Millionaire said:

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TSLA - LOL

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Not so funny when you hold both puts and calls, and both are down BIG. The implied volatility leading up to the earnings announcement was much greater than I estimated. In a great year for me, investing-wise, this is my worst move so far. Crushed, like a 20-year old rusted Tesla Roadster.

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Please learn from this. IV crush is real and you just played one of the most juiced entities in recent memory.

All 4 of the contracts I traded yesterday into today were $15-25 per contract. At open they went to about $.50-$2.

I hate you learned that way on that stock.

I bleed maroon said:

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$30,000 Millionaire said:

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TSLA - LOL

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Not so funny when you hold both puts and calls, and both are down BIG. The implied volatility leading up to the earnings announcement was much greater than I estimated. In a great year for me, investing-wise, this is my worst move so far. Crushed, like a 20-year old rusted Tesla Roadster.

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I'm sorry. holding options through earnings is always a very risky proposition, especially in something like Tesla with huge premiums.

ugly candle forming on tsla

edit: if it keeps up into the close I may buy a put

Ignore what I said on aapl lol

The bad news keeps coming!

Bye SPY !!!

AUDJPY opened up red this morning but is at new lows for the day. I thought we might be looking at a fakey this AM. I think today could be a healthy breather.

$30,000 Millionaire said:

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not to get ahead of myself, but maybe this is the day i've been waiting for???

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900 shares of SQQQ have been good today. holding until the 20 MDA hits somewhere around 10400 if I'm doing it right. Nasdaq bounces off the 20 pretty routinely so i'll watch for it.

Might have a little more run in it but I've got my stop losses in to enjoy making some $ today.

I wish LUV would just fall to the 20's already so I can buy more.

Adding more MGNI on the dips!

Did I miss some news or just a little breather?

NDX getting really close to daily 21 EMA. I'm watching this. Hopeful that this breaks

TQQQ has never closed below the 21 day VMA since 4/3/2020. Only $2 off.

Bingo! Since we have been talking about MA's so much, I bet we will close right around the 21 EMA and will test the conviction of the bulls to buy. My popcorn is ready.