Quote:

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2350 GMT - Samsung just projected much-weaker-than-consensus 4Q results, including an 11% drop in revenue, as smartphone demand has cooled globally and and memory-chip prices seem to have hit a near-term peak. The warning also follows Apple's downbeat sales view last week. The South Korean electronics giant was anticipated to log a 4% sales decline last quarter, according to FactSet. Meanwhile, Samsung said operating profit will dive nearly 30% from a year earlier. Consensus for earnings before interest and taxes was for a 10% decline. The update comes as investors have been cool on Samsung shares for months. They've fallen almost 30% since the company's stock split at the start of May, on Friday hitting their latest 2-year low. But Samsung bounced 3.5% yesterday, its best session in 2 months. (kevin.kingsbury@wsj.com; @kevinkingsbury)

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This can't help but hopefully it won't be too bad.

Prognightmare said:

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OA, what's your take on MU? Do you think their inventory problems have been priced in?

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I think its hit its low but that doesn't mean its headed higher for now. I'd be selling covered calls on the waves.

Thank you sir!

I have been following AMD for a while. Took a large stock position in late 2017 when it was around $13 and sold in 2018 for $23 on it massive run up.

Ever since it crashed back to below $20, I have been playing options. Buying calls on large pullback days. I bought some Jan $18 calls last Thursday for $0.78 and sold today for $2.0. This is CES week with Lisa Su speaking on Wednesday. If markets hold up the next couple of days, I expect AMD to test $22 by Wednesday.

2019 is an inflection point for AMD. This is the year where we find out if Ryzen, Epyc and all their other products rolled out last year have been taking market share from INTC and NVDA. If that is indeed the case and margins are good, AMD should be generating a solid profit. If that's the case AMD to $40 by 2020. Of course this is contingent on the broader state of the markets.

Lisa speaks at CES Wednesday as a key note speaker. I'd keep an eye out

NVDA target reached to sell 25% of buys. Will watvh how markets handle 2575 area for determining covered calls or letting rest run on market momentum. Would automatically sell covered calls on flash up over $150.

Best January ROI's in 11 years.

Why couldn't my damn employee stock come in last week so I could flip to ROKU...may look at SUM instead now

I grabbed some CX

Heads up other planned 25% sells. GILD $71 target. SQ $65, FMC $80, BABA $148

Reminder 1st 25% buys were at 2500 with 50% of total dollars entered at 2350. I am taking 25% off of the TOTAL dollars entered and will decide between covered calls and PUTS as market reacts to 2575.

And to the PM on JD I don't have a sell scheduled on it until $25, and that likely opt to be a $24 covered call out a month to achieve close to $27+ if exercised.

JD could run hard past $30 on a solid China deal. BABA would be at $175 in the same move.

NiO is just edging higher which is fine because basing is solid for long term trending. It will be $8+ in China deal.

Another of the big 5 2350 buys was V @ $121. I just sold Jan 25 strike $135 @ $5 to achieve targeted $143 on 50% of holdings OR further reduce my $121 entries down to $116.

Blew out of my ROKU calls I bought at the close yesterday when SPX hit 2575. Thanks OA!

Prognightmare said:

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Blew out of my ROKU calls I bought at the close yesterday when SPX hit 2575. Thanks OA!

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Whoop!!!

With profit taking going on in ROKU right now, where is a good re-entry price?

I went $40 on ROKU puts on the open and they are almost in the money. Selling 75% of those in the quick 41% profit!

CHK squeeze might be on the way

Came across this... MAXR is a falling hard, but I think it has a bit of upside potential. They lost full control of a ~$150MM satellite that accounts for only about ~4% of their annual revenue, but has taken over a 50% hit on their stock price in two days. They also had the satellite insured. Their books don't look awful either. Am I missing something here?

https://www.fool.com/investing/2019/01/07/why-maxar-technologies-stock-plummeted-315-today.aspx

http://investor.maxar.com/investor-news/press-release-details/2018/Maxar-Technologies-reports-third-quarter-2018-results-declares-quarterly-dividend/default.aspx

IrishTxAggie said:

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Came across this... MAXR is a falling hard, but I think it has a bit of upside potential. They lost full control of a ~$150MM satellite that accounts for only about ~4% of their annual revenue, but has taken over a 50% hit on their stock price in two days. They also had the satellite insured. Their books don't look awful either. Am I missing something here?

https://www.fool.com/investing/2019/01/07/why-maxar-technologies-stock-plummeted-315-today.aspx

http://investor.maxar.com/investor-news/press-release-details/2018/Maxar-Technologies-reports-third-quarter-2018-results-declares-quarterly-dividend/default.aspx

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I see nothing else but have no time to dig deeper. That said I am selling naked Puts $5 Feb 15 strikes @ $1

Great 2 day volume and bunch of downgrade geniuses encouraged me.

IrishTxAggie said:

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Came across this... MAXR is a falling hard, but I think it has a bit of upside potential. They lost full control of a ~$150MM satellite that accounts for only about ~4% of their annual revenue, but has taken over a 50% hit on their stock price in two days. They also had the satellite insured. Their books don't look awful either. Am I missing something here?

https://www.fool.com/investing/2019/01/07/why-maxar-technologies-stock-plummeted-315-today.aspx

http://investor.maxar.com/investor-news/press-release-details/2018/Maxar-Technologies-reports-third-quarter-2018-results-declares-quarterly-dividend/default.aspx

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The delta between their enterprise value and the market cap is ridiculous. Not to mention their forward yield is projecting to be around 20% based of the $5.40/share price.

Sorry stupid mobile. Tried to post buying ROKU in dip below $40 against remaining Puts for no risk trade. Taking a pure dollar on those now

Won't buy ROKU against the PUTs 2nd time. Holding looking for $37.

2575 area pretty spot on resistance. Poked through it quick retreat, couldn't reach it in 2nd attempt and now looking like an attempt for a gap fill.

Remember the upside down trend days just like downside up trend days on correction.

OA, thoughts on citron's roku report?

You get your covered calls in on MU?

I don't have time to post every covered call but we talked about it after hours yesterday and with 2575 being hit I would think people automatically sold covered calls up there at $34.75.

Now here is what I do when you nail entries on covered calls and get a fast retreat. Look for the last 30 minutes yesterday to get filled and buy back 50% of the covered calls at a nice capture gain right here.

spud1910 said:

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OA, thoughts on citron's roku report?

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Quote:

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The stock surged 25 percent the day before after releasing early Q4 viewership numbers that beat analyst expectations. Roku, which offers streaming players and TV models that allow customers to stream content from various services, also announced Monday that Westinghouse Electronics would license Roku's TV software. Even Citron initially was positive on the news, saying in a tweet that it had originally gone long on Roku at $35 per share.

But on Tuesday, Citron said in the tweet it has "to recognize when the story has changed. APPLE TEAMING UP WITH SAMSUNG., ROKU CEO selling last week, and short interest at lows. Risk/reward no longer there. Expect big retracement."

Apple and Samsung, typically fierce rivals, surprised the public by announcing a deal on Sunday to offer Apple services on Samsung devices. As part of the deal, some Samsung smart TVs will be able to access movie and TV content through iTunes, giving customers another streaming alternative to Roku. Customers will also be able to send content to their TV screens through AirPlay 2 on iPhone and iPad, according to the announcement Sunday.

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I believe Citron is FOS.

Looking forward, California utilities will be an interesting one. The S&P just cut PG&E's credit rating to junk as it appears their in deep **** for the wildfires. I wonder if PG&E is too big to fail in California and the state will bail them out. They're on the hook for over $30 billion from what I've seen.

And know that just because we got a bounce down off that 2575 doesn't mean thw market is done with upside.

Consolidation is a GOOD thing along the way. The fact that we get to make money via other tools during that consolidation is why money managers sleep at night.

IrishTxAggie said:

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Looking forward, California utilities will be an interesting one. The S&P just cut PG&E's credit rating to junk as it appears their in deep **** for the wildfires. I wonder if PG&E is too big to fail in California and the state will bail them out. They're on the hook for over $30 billion from what I've seen.

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https://www.bloomberg.com/news/articles/2019-01-08/a-pg-e-bankruptcy-would-leave-power-giant-in-turmoil-for-years

With so many better stocks on sale I wouldn't take the risk of PG&E on with so much uncertainty. JMO

I think Citron is making me more great gains on PUTs and going to make my covered calls decay premium ahead of plan.

Did they just wake up and figure out others plans? This isn't new info.

Prognightmare said:

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IrishTxAggie said:

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Looking forward, California utilities will be an interesting one. The S&P just cut PG&E's credit rating to junk as it appears their in deep **** for the wildfires. I wonder if PG&E is too big to fail in California and the state will bail them out. They're on the hook for over $30 billion from what I've seen.

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https://www.bloomberg.com/news/articles/2019-01-08/a-pg-e-bankruptcy-would-leave-power-giant-in-turmoil-for-years

With so many better stocks on sale I wouldn't take the risk of PG&E on with so much uncertainty. JMO

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I don't think California can afford for them to go into bankruptcy. There was a ruling in their favor a while back that allowed them to pass their wildfire costs on to their consumers. I'm not touching it, just will be interesting as it all shakes out.

If the FEB 15 ROKU calls hit .50 for 50 strike, then I'll buy some of those today. Their earnings are on Feb 18 and I bet they run up into those earnings.