Long sell wick/shadow at the bottom of the V with reversal following.third coast.. said:
i thought a tricksy move coincided with crossing over a MA, whatever it may be. i must have been sleepwatching.
I don't remember from the seminar. It just another indication for a bulllish move, correct?FJ43 said:I would say yes based on my notes. Sometimes more volume to coincide though I think.CrazyRichAggie said:
Is this correct?
third coast.. said:the June calls? got a ways to go!zwhag2010 said:
Entered VEON calls yesterday and they are up 30% currently
Could run to $10+ and you'd miss the rest of those gains, but yeah it's that simple. Volatility is propping those call premiums up a lot.fightintxag13 said:
Someone slap me if I'm wrong here, but if I've got idle cash sitting on the sidelines, I could go buy WWR shares for ~7.65 right now. Turn around and sell the Mar $7.5 calls against all those shares for $2.15. That nets you $2.00 or 26.7% for 6 weeks of tying up the cash.
It seems so simple, so someone tell me what I'm doing wrong here.
believe it can also coincide with testing previous support, quick shakeout and stop trigger move.FJ43 said:Long sell wick/shadow at the bottom of the V with reversal following.third coast.. said:
i thought a tricksy move coincided with crossing over a MA, whatever it may be. i must have been sleepwatching.
fightintxag13 said:
Someone slap me if I'm wrong here, but if I've got idle cash sitting on the sidelines, I could go buy WWR shares for ~7.65 right now. Turn around and sell the Mar $7.5 calls against all those shares for $2.15. That nets you $2.00 or 26.7% for 6 weeks of tying up the cash.
It seems so simple, so someone tell me what I'm doing wrong here.
I got out at a buck. Will probably regret but doubled up on my entry point.Touchless said:
ONTX just hit model T
Thank uFJ43 said:Right at it.Coachbro20 said:How we looking as far as what amounts are we seeing resistance at for $IBIO?FJ43 said:
IBIO
Check out where we are on the IBIO chart going back to March 2020. See resistance yellow line and the last green candle is this morning premarket. Major line of resistance here. If it breaks this then no telling.
Quote:
Atlanta Fed's Bostic: 'Not my expectation' to taper QE this year
Brian Cheung
Thu, February 4, 2021, 9:30 AM
Federal Reserve Bank of Atlanta President Raphael Bostic said Thursday that he does not expect economic conditions to warrant a wind down in the Fed's aggressive asset purchase program this year.
"We're not locked into anything, and our policy is actually going to be data-driven," Bostic told Yahoo Finance in an exclusive interview Thursday.
The Fed has messaged that it will continue to buy at least $120 billion a month in mortgage-backed securities and U.S. Treasuries until the economic recovery makes "substantial further progress."
Many Fed officials have shied away from offering more specific guidance on when the economy would achieve that progress - and then begin tapering the so-called quantitative easing, or QE, program.
But earlier in the month, Bostic told Reuters that he was "hopeful that in fairly short order" the Fed could start to slow its asset purchases, as soon as this year.
Bostic told Yahoo Finance Thursday that his modal forecast is for U.S. GDP to grow by 5% to 6% in 2021. But asked if that modal forecast was substantial enough to warrant a tapering this year, Bostic said "that's not my expectation."
Bostic added that while he is still "open to any possibility," he emphasized that the Fed does not want to give off the impression that it is "eager" to pull back monetary policy support.
"One other thing I should say and I didn't say this in those earlier interviews and that was a mistake on my part is that our new long-run framework says explicitly we're going to be willing to let the economy run hot," Bostic said.
The Atlanta Fed chief is a voting member of this year's policy-setting Federal Open Market Committee, which decided last week to hold interest rates steady at near-zero.
Bostic reiterated that the vaccine distribution will be the biggest driver for the path of the economy, but said too few people have been inoculated to see any effect on the aggregate performance of the economy.
Ahead of tomorrow's jobs report, Bostic said he expected the holiday season to be tough but hopes the report will show the economy past the "trough."
Agree. Was a neat indicator I learned from the seminar now I subconsciously look for them I think. Watching to see if we have one on SNDL actually.leoj said:believe it can also coincide with testing previous support, quick shakeout and stop trigger move.FJ43 said:Long sell wick/shadow at the bottom of the V with reversal following.third coast.. said:
i thought a tricksy move coincided with crossing over a MA, whatever it may be. i must have been sleepwatching.
certainly nothing wrong with that, but I think selling CC's on half would be a better way to go. And better yet, buy shares and wait for a pop above 8 before selling CC's on halfjwhitlock3 said:Could run to $10+ and you'd miss the rest of those gains, but yeah it's that simple. Volatility is propping those call premiums up a lot.fightintxag13 said:
Someone slap me if I'm wrong here, but if I've got idle cash sitting on the sidelines, I could go buy WWR shares for ~7.65 right now. Turn around and sell the Mar $7.5 calls against all those shares for $2.15. That nets you $2.00 or 26.7% for 6 weeks of tying up the cash.
It seems so simple, so someone tell me what I'm doing wrong here.
FJ43 said:I would say yes based on my notes. Sometimes more volume to coincide though I think.CrazyRichAggie said:
Is this correct?
leoj said:
Reentered $SNOW calls on this ascending triangle intraday after the opening drop.
I meant target stock price. Its so new there is very little analyst opinion but I seem to remember OA giving a target price i just cant remember what it wasjwhitlock3 said:
$BFT target was 2.50
So this on the 5 min BFT day chart?FJ43 said:Long sell wick/shadow at the bottom of the V with reversal following.third coast.. said:
i thought a tricksy move coincided with crossing over a MA, whatever it may be. i must have been sleepwatching.
I've already got a large portion of my portfolio in WWR. That's why I was thinking of playing a little more conservative and covering all of the new shares. I'd be tickled pink at putting idle cash to work and making that much on a "conservative" short term play. OA still loves this stock so if I get stuck with the shares, I trust his confidence enough to be ok with holding the bag on them with a $5.5 cost basis.BenRev09 said:certainly nothing wrong with that, but I think selling CC's on half would be a better way to go. And better yet, buy shares and wait for a pop above 8 before selling CC's on halfjwhitlock3 said:Could run to $10+ and you'd miss the rest of those gains, but yeah it's that simple. Volatility is propping those call premiums up a lot.fightintxag13 said:
Someone slap me if I'm wrong here, but if I've got idle cash sitting on the sidelines, I could go buy WWR shares for ~7.65 right now. Turn around and sell the Mar $7.5 calls against all those shares for $2.15. That nets you $2.00 or 26.7% for 6 weeks of tying up the cash.
It seems so simple, so someone tell me what I'm doing wrong here.
Bingo. That's what this would be.jwhitlock3 said:
$WWR I would agree unless they already have a large accumulation and this is just a play to earn on some sidelined cash. Good point
I want to follow this one. Still new to options.FJ43 said:I have now sold the crap out of May $10 puts. I bought back the $12.50 March puts and cost me .15 each to buy back. Turned around and sold the May $10 for $1.90. Net to me was .20 cost each but at a $2.50 lower strike.third coast.. said:
im going to laugh when CLOV finishes green on the day
I will take the risk being on the hook for shares net costs basis of $8.10 on this one.
CIDM!!!Running with the Bulls said:
$CIDM!!!
CrazyRichAggie said:
ONTX in beast mode today.
Yep. Sell to open on puts and you are paid the premium now but are on the hook to buy the shares at the strike if they are assigned to you. Your net costs basis is then the strike less the premium but you will pay the $10 per share in this case.AG 2000' said:I want to follow this one. Still new to options.FJ43 said:I have now sold the crap out of May $10 puts. I bought back the $12.50 March puts and cost me .15 each to buy back. Turned around and sold the May $10 for $1.90. Net to me was .20 cost each but at a $2.50 lower strike.third coast.. said:
im going to laugh when CLOV finishes green on the day
I will take the risk being on the hook for shares net costs basis of $8.10 on this one.
Just to confirm - I'd be selling to open a put on the May $10 strikes, right?
Yes, net free, so going to let it ride.KT 90 said:CrazyRichAggie said:
ONTX in beast mode today.
Are you sitting on net free shares as well? Just sit an watch, or consider cashing in a portion? They are net free, so inclined to just sit back and watch.
