Me watching my investments that past few weeks:

We got us a nice gap on S&P 2681 once we find bottom.

Pretty sad we have to rely on Fortune 500 profits to drive our potential retirement.

oldarmy1 said:

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Sold SPY naked Puts Nov 28 $265's

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Was away from the screens all day. I like this move. Good job!

mavsfan4ever said:

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Y'all have any book recommendations for options trading?

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https://optionalpha.com/

Green this morning, what is this?

gougler08 said:

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Green this morning, what is this?

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A Thanksgiving gift? 25% went in and 12.5% will come out with nice big gains. Same strategy as last bottom. So now I have 25% (12.5% x2) into long term positions with anywhere from 20-40% gains cushion). Ask buy and hold how they feel the last year.

I am seeing more and more prognosticators saying we are in a bear market. We moved below the 200 DMA to be sure but any amateur can draw a trend line and see that technically we haven't yet broken major trend support.

Heck, we couldn't even hit a pure retest of the previous lows. Now some stocks flashed to new lows, mostly premarket. 100% of my buys posted in as close to real time as possible were premarket entries.

Maybe we lose the trend support and maybe we don't but a ton of money had and will be made by trading off these entry points until a real change occurs.

We see a China deal and we'll scream upward.

I'm hoping this is a thanksgiving gift for me from buying cheap calls yesterday and selling puts. Looking to sell back those calls for some profit and sit unless there are just puts too enticing to pass up.
ROKU above 43 today would be too good to be true.

Can't get through 2665, break that and should get a decent run

It's a nice little, meaningless holiday gift to go with my 10:30am beer, thats what

For you ultra conservative investors I suggest a position in CX. I think it gets you a 30% ROI in 2019 with very little downside risk. This would be one of my choices for people saying "I have X dollars I don't need and want to park it somewhere with better opportunity than CD's, Money Markets, etc.

Don't expect massive rapid rise gains but once you achieve 25-30% gain begin a covered call strategy at next highest price point from whatever the current price is at that point. So likely $7 covered call with stock projected out to $6.50 area.

Now should there be a massive infrastructure build actually passed then scratch the covered calls and just thank the good Lord for $10.

gougler08 said:

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Can't get through 2665, break that and should get a decent run

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Yupper. We have higher lows but stuck against that 2665 resistance.

JD of all stocks is up 5% today

And IQ

Here comes 3rd attempt on 2665.

Let's make a nice run so we can enjoy the weekend even more.

oldarmy1 said:

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Here comes 3rd attempt on 2665.

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Got through, let's run now

And SQ just broke 63

2681 all but a guarantee now before any action. The gap fill is where I make my next moves on some covered calls on biggest gainers.

A buddy's recommending NVDA. Missed their earnings and now trading at half of what it was on Oct 1. Thoughts?

oldarmy1 said:

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Here's a long term view. We were sideways for most of the year before pressing to new all time highs and have come back. We trade above the channel and now below the channel but the channel still is intact. The overextended upper and lower breaks have rebounded back within the channel thus far so no change in strategy is warranted. Most all trading within the channel has been options naked Puts or calls looking for breakouts on individual selections. Actual shares mainly have been entered on the big down days extended beyond the channel like the last two times entering 25% of all cash.

Use this chart and you will not be complaining about markets tanking and taking a bath.

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Yeah, I think so.

AVEO CFO found guilty of misleading investors

https://www.biospace.com/article/former-aveo-cfo-found-guilty-of-misleading-investors/

Guitarsoup said:

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AVEO CFO found guilty of misleading investors

https://www.biospace.com/article/former-aveo-cfo-found-guilty-of-misleading-investors/

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Oops, that probably does it for them.

Guitarsoup said:

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FORMER AVEO CFO found guilty of misleading investors

https://www.biospace.com/article/former-aveo-cfo-found-guilty-of-misleading-investors/

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This has been known.

GILD has some news on a drug approval in China. It hit a pivot reversal at $66.80. Appears to be a worthy naked Put out to next Friday $67 strike because I'm not seeing much downside. No calls simply because volume should dry up around Holidays.

I went with $67.50's for extra premium. Be happy to own it at $66.54 if under $67.50 next Friday.

oldarmy1 said:

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GILD has some news on a drug approval in China. It hit a pivot reversal at $66.80. Appears to be a worthy naked Put out to next Friday $67 strike because I'm not seeing much downside. No calls simply because volume should dry up around Holidays.

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I went with Nov 30 calls at 68.50...that 66.50 or so seems like pretty strong resistance, but will be my sell point if it falls below

Also bought Nov 30 SQ calls at 64 when it was down earlier, let's keep that run going

GILD may rest that 66.50

Really disappointed in the ROKU action today

That sound you hear are my cheap calls flushed down the crapper. Those bbox premiums are gone. Pouring one out tonight for those caught in the bull trap

Wild swings this afternoon. Bulls/Bears jockeying on lower volume.

Selling off in to the close...it may all go before we get there

Gave it all back, happy thanksgiving!

gougler08 said:

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Gave it all back, happy thanksgiving!

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Hard to say if this was anything on such low volume. Flat to positive isn't a bad thing after a big drop stabilizes.