FJ43 said:

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Bought more SPY August 6th 400P

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What is your expectation/target with these? I know everyone expects some sort of correction so was more curious on the thought process of how you plan to handle/cut loose.

What is your settings for the volume profile on the right ? Went down a YouTube rabbit hole and can't figure out how you arranged that view ?

krosch11 said:

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What is your settings for the volume profile on the right ? Went down a YouTube rabbit hole and can't figure out how you arranged that view ?

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That is in TradingView and under Indicators it is called Volume Profile. Will show as VP.

slacker00 said:

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Hasn't the Reverse Repo spiked before a few economic disasters?

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I dont know the answer to that one.

Thanks

VEON premium spike finally

bmoochie said:

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FJ43 said:

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Bought more SPY August 6th 400P

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What is your expectation/target with these? I know everyone expects some sort of correction so was more curious on the thought process of how you plan to handle/cut loose.

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These are insurance as one hedge. Not so much a trade. While Delta is .11 if tis market pullback I don't think it will be slow initially. They would probably be 3-4X minimum with gamma hitting if it moves faster towards ITM.

Maybe more.

$ABNB had a failed break out. Place it on our watch list to recycle down $147.50 area and then its a call TBD. It also could reclaim the breakout and then its also a buy.

— 2021 Opportunity Stocks Knock (@oldarmy1) July 1, 2021

FJ43 said:

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bmoochie said:

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FJ43 said:

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Bought more SPY August 6th 400P

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What is your expectation/target with these? I know everyone expects some sort of correction so was more curious on the thought process of how you plan to handle/cut loose.

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These are insurance as one hedge. Not so much a trade. While Delta is .11 if tis market pullback I don't think it will be slow initially. They would probably be 3-4X minimum with gamma hitting if it moves faster towards ITM.

Maybe more.

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Agreed on hedge more for gamma than anything

I've bought 400 Aug6 puts and Aug20 426p

Trying to keep a 4:1 ratio or so

FJ43 said:

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Per OA the 2.35 will be small but the cup is calling.

The clusters are your friend! https://t.co/68UK1Iypu9

— 2021 Opportunity Stocks Knock (@oldarmy1) July 1, 2021

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Thank you for the replies.

Grabbed 8/20 35Ps on SWBI (came from the 30K +3 ATR scan).

Do I see a W on the daily for AAPL?

Barty Dont Hedge said:

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DNUT.....How can this not go to the moon?

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your post made me crave a donut... so i bought shares instead. up 20% since your post

I got a 136/138 straddle (strangle?) for .34 right before close

QQQ/AAPL volume at the close.

FJ43 said:

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bmoochie said:

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FJ43 said:

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Bought more SPY August 6th 400P

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What is your expectation/target with these? I know everyone expects some sort of correction so was more curious on the thought process of how you plan to handle/cut loose.

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These are insurance as one hedge. Not so much a trade. While Delta is .11 if tis market pullback I don't think it will be slow initially. They would probably be 3-4X minimum with gamma hitting if it moves faster towards ITM.

Maybe more.

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I played around with the option calculator on this and have a question.

From a profit standpoint why wouldn't I buy a 430P at $5.90? I get it's more expensive but if say SPY is $400 on 8/6, then it's max loss while the 430P would be 2400 per option.

Whatcha think?

ATR included.

SPY

$STAF. Anyone get in on that?

ASAN...our favorite one to root against (temporarily). Lowest daily volume since June 3rd. 2 red days in a row and 3 out of 4. I think 30k mentioned once volume dries up this should revert some. Hopefully getting close to that time.

FJ43 said:

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Whatcha think?

ATR included.

SPY

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I could see tomorrow going sideways
False bear trap next week
Hit 435 and then enter re-correction territory slowly until someone says / does something dumb - or our prestigiously elected ruling majority (dems) get their puts on and then start opening their mouths

FJ43 said:

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Whatcha think?

ATR included.

SPY

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Hit +2 ATR (or I should say crested it) today. Every time we've done that this year, we've swung back to -2ATR (not necessarily next day, but it's been a peak of sorts).

If I had to guess sideways or slightly up tomorrow and then we get a pullback next week.

Farmer @ Johnsongrass, TX said:

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slacker00 said:

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Hasn't the Reverse Repo spiked before a few economic disasters?

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I dont know the answer to that one.

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I don't think that is the correlation... Read a report today saying reverse repo has spiked because the fed raised rates... And that money is coming out of the bill market... It is not a safety thing... And foreign money is going there as well

austinAG90 said:

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Farmer @ Johnsongrass, TX said:

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slacker00 said:

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Hasn't the Reverse Repo spiked before a few economic disasters?

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I dont know the answer to that one.

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I don't think that is the correlation... Read a report today saying reverse repo has spiked because the fed raised rates... And that money is coming out of the bill market... It is not a safety thing... And foreign money is going there as well

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What I read on Repo is, excess money to U.S. banks from U.S. Govt stimulus is headed back to the Fed because banks have no place to go with this money/cash. Banks are receiving a half of one percent interest from the Fed and claim they are thrilled, because they thought they would receive zero interest.

The irony is, the Dems are pushing for more stimulus to be distributed.

As to slacker00's question, yep, never heard if there was a correlation he notes to economic disasters..

ibdm98 said:

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FJ43 said:

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Whatcha think?

ATR included.

SPY

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Time for a red day (please)

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You may be a month early but I'd increase hedges or cash for Aug-Sept. though.

ZYME looks like a possible gap play. Coming off a nice move today with volume. Considering 7/16 $45 calls but not a ton of volume on those. Would love to hear others thoughts.

Like EDIT to continue. Looking at 7/16 $70 calls.

Looks like a dreaded h pattern, followed by a head and shoulder completion, followed by goal post.

It's bio so anything goes with those.

That VEON breakout chart is beautiful. Anyone getting it in stewie or ripsters hands?

ABNB

Can someone explain the 61,121 share print at 4:13EST on a 1 Min chart? I get the 4PM close ones but that is odd?