I have a gobbler absolutely hammering up the hill behind the house, though, so it's not all bad.
Quote:
Washington D.C., March 15, 2021
The Securities and Exchange Commission today announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly profiting by selling his own holdings of the company's stock.
According to the SEC's complaint, which was filed under seal in federal court in the Central District of California on March 2, 2021 and unsealed today, Andrew L. Fassari used the Twitter handle @OCMillionaire to tweet false statements about Arcis Resources Corporation (ARCS), a defunct Nevada company with publicly traded securities, during December 2020. Specifically, the complaint alleges that, on Dec. 9, 2020, Fassari began purchasing over 41 million shares of ARCS stock shortly before tweeting false information about ARCS to his thousands of Twitter followers, including falsely claiming that ARCS was reviving its operations, expanding its business, and being backed by "huge" investors. The complaint further alleges that, between Dec. 9 and 21, 2020, Fassari made approximately 120 tweets that referenced "$ARCS," dozens of which were false and misleading. For example, he tweeted, "$ARCS 380,000 indoor cultivation 1 Million+ sq ft processing. WEEEEEEEEE This CEO has big plans for us" and "a ton of news coming and backed by huge investors for its #cannabis operation[.]" In seeking an injunction, the SEC alleges that Fassari continued to tweet about other stocks as recently as January and February 2021.
One more reason we all need to learn to fish.sts7049 said:
https://www.sec.gov/news/press-release/2021-46Quote:
Washington D.C., March 15, 2021
The Securities and Exchange Commission today announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly profiting by selling his own holdings of the company's stock.
According to the SEC's complaint, which was filed under seal in federal court in the Central District of California on March 2, 2021 and unsealed today, Andrew L. Fassari used the Twitter handle @OCMillionaire to tweet false statements about Arcis Resources Corporation (ARCS), a defunct Nevada company with publicly traded securities, during December 2020. Specifically, the complaint alleges that, on Dec. 9, 2020, Fassari began purchasing over 41 million shares of ARCS stock shortly before tweeting false information about ARCS to his thousands of Twitter followers, including falsely claiming that ARCS was reviving its operations, expanding its business, and being backed by "huge" investors. The complaint further alleges that, between Dec. 9 and 21, 2020, Fassari made approximately 120 tweets that referenced "$ARCS," dozens of which were false and misleading. For example, he tweeted, "$ARCS 380,000 indoor cultivation 1 Million+ sq ft processing. WEEEEEEEEE This CEO has big plans for us" and "a ton of news coming and backed by huge investors for its #cannabis operation[.]" In seeking an injunction, the SEC alleges that Fassari continued to tweet about other stocks as recently as January and February 2021.
I may actually play the weeklies on a portion of shares for covered calls on any pop here.astros4545 said:
SNDL
Can get premiums on covered calls for $6s out to April 16th
What strike price are you considering? I put about 25% on the $2.5 strikes yesterday for $0.08...FJ43 said:I may actually play the weeklies on a portion of shares for covered calls on any pop here.astros4545 said:
SNDL
Can get premiums on covered calls for $6s out to April 16th
MT is about 2.89 from the high spike to the low on 3/5. So I may look at the 3/26 2.50s for what I think will be .15 after open or the $3 for .10. More than likely the $3 for what I think will be free money. If is isn't and I am called away for over a 100% return on new shares in less than 3 weeks so be it.astros4545 said:What strike price are you considering? I put about 25% on the $2.5 strikes yesterday for $0.08...FJ43 said:I may actually play the weeklies on a portion of shares for covered calls on any pop here.astros4545 said:
SNDL
Can get premiums on covered calls for $6s out to April 16th
Thinking about putting more on the weekly
sts7049 said:
https://www.sec.gov/news/press-release/2021-46Quote:
Washington D.C., March 15, 2021
The Securities and Exchange Commission today announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly profiting by selling his own holdings of the company's stock.
According to the SEC's complaint, which was filed under seal in federal court in the Central District of California on March 2, 2021 and unsealed today, Andrew L. Fassari used the Twitter handle @OCMillionaire to tweet false statements about Arcis Resources Corporation (ARCS), a defunct Nevada company with publicly traded securities, during December 2020. Specifically, the complaint alleges that, on Dec. 9, 2020, Fassari began purchasing over 41 million shares of ARCS stock shortly before tweeting false information about ARCS to his thousands of Twitter followers, including falsely claiming that ARCS was reviving its operations, expanding its business, and being backed by "huge" investors. The complaint further alleges that, between Dec. 9 and 21, 2020, Fassari made approximately 120 tweets that referenced "$ARCS," dozens of which were false and misleading. For example, he tweeted, "$ARCS 380,000 indoor cultivation 1 Million+ sq ft processing. WEEEEEEEEE This CEO has big plans for us" and "a ton of news coming and backed by huge investors for its #cannabis operation[.]" In seeking an injunction, the SEC alleges that Fassari continued to tweet about other stocks as recently as January and February 2021.
McInnis 03 said:
This QQQ gap up is going to have some people pretty nervous.
I would think so......people have been waiting for 320 for a few days though so this could actually give them a green light to get buying.FJ43 said:McInnis 03 said:
This QQQ gap up is going to have some people pretty nervous.
As in pullback ?
McInnis 03 said:
And KMPH looks to be perky again today. Squeeze the shorts!
leoj said:
Going to be looking at April $AAPL calls with this move over $125 pm.
I went back and looked at every opex week over the last year. Almost always, we end the week flat or down from here. Now we could run a tad more then pullback, per Adam's megaphone he's charted out...and I know you regulars already know this (the chart), just adding for everyone else.FJ43 said:
Mornun!
Early PM we are slightly flat on SPY and green on Qs pressing 320.
Happy to see the uptrend and reversal from mass panic. Just my 2 cents but think now is the time to be cautious with FOMO. From my own past experience this is where it is easy to buy high and sell low.
For me...today hunting carefully for deals and positioning for chop before we run to the moon!
I'd take some profits at the open with it being opex week. Net free if you can get thereAG 2000' said:
What do people recommend as far as options expiration and pricing?
Sitting on:
3/19 Apple 122 calls and KMPH 10 calls.
Is today going to be peak day to sell, or would they potentially run a bit tomorrow as well? I realize the market prices on these will be the ultimate driver, with decay factored in, but is today or tomorrow the last day going into expiration for peak value?
My preference for the longer run here is to consolidate and not get over extended. Another few bucks and the SPY is +2 ATR. Usually pulls back 8-10 when that happens. Also SKEW has climbed 4 days in a row now at 141.26.BREwmaster said:I went back and looked at every opex week over the last year. Almost always, we end the week flat or down from here. Now we could run a tad more then pullback, per Adam's megaphone he's charted out.FJ43 said:
Mornun!
Early PM we are slightly flat on SPY and green on Qs pressing 320.
Happy to see the uptrend and reversal from mass panic. Just my 2 cents but think now is the time to be cautious with FOMO. From my own past experience this is where it is easy to buy high and sell low.
For me...today hunting carefully for deals and positioning for chop before we run to the moon!
Thanks.BREwmaster said:I'd take some profits at the open with it being opex week. Net free if you can get thereAG 2000' said:
What do people recommend as far as options expiration and pricing?
Sitting on:
3/19 Apple 122 calls and KMPH 10 calls.
Is today going to be peak day to sell, or would they potentially run a bit tomorrow as well? I realize the market prices on these will be the ultimate driver, with decay factored in, but is today or tomorrow the last day going into expiration for peak value?
cgh1999 said:leoj said:
Going to be looking at April $AAPL calls with this move over $125 pm.
I bought a handful of $125 calls with a Friday expiration at the open yesterday. Selling half for net free here.
That sound of the order fill on TOS heard here as well!AgEng06 said:
Net free on WARM now.
Same. Let's ride.AgEng06 said:
Net free on WARM now.
AG 2000' said:Same. Let's ride.AgEng06 said:
Net free on WARM now.
I probably could have done that yesterday with a few but I figured I would wait while longer to see how they play out the next week or two. Stocks like SNDL, TLRY, DNN, KIQ, RIOT etc are mainly what I could have taken but I think most of them are still pretty far from my short term targets so I will wait and see.FJ43 said:
Profit taking on small caps and penny stocks IMO
4PGAG said:AG 2000' said:Same. Let's ride.AgEng06 said:
Net free on WARM now.
That makes 3 of us.