Diamond hands baby!

Red Red Wine said:

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Diamond hands baby!

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My nov 125 covered calls are ITM and this makes me sad LOL

Now that is funny!

McInnis 03 said:

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Kind of want to sell FB's earnings tonight, it may be mcfly time, haven't done one in so long.

**LOW PROBABILITY PLAY HERE**

The 365/360/355p spread is about $.42 if you can fill it, pays $5 on a pin.....

Weekly pivot is 362 or so, I think that provides support if we fall a lot, just thinking along the lines of Redler.....FB went up a lot with SNAP's earnings and more with GOOGL's earnings.....could this have been borrowed against their actual earnings? If you think so, this is a small play you might take......

UPDATE: got filled at $.50, so 10:1 return max if it goes my direction.

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That's 365 and 355 buys with two 360 sells right?

McFly, not saying it happens, but FB tends to rally post earnings.

Red Red Wine said:

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Diamond hands baby!

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I wouldn't be shocked if they halt SAVA around 9:30 am so keep that in mind.

They must have heard you. It dropped $8 here near the close!

Yes

I wish all you SAVA folks the best tomorrow


I'd even buy an OTM put to guarantee it skyrockets....if I had any funds left in the account.

$30,000 Millionaire said:

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McFly, not saying it happens, but FB tends to rally post earnings.

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Then I'll lose most of $200

Anyone have a bizjournals account?

https://www.bizjournals.com/austin/news/2021/07/28/cassava-sciences-alzheimers-drug.html

Supposedly quotes from Remi in this.

Red Red Wine said:

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They must have heard you. It dropped $8 here near the close!

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continuing to drop AH

McInnis 03 said:

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Kind of want to sell FB's earnings tonight, it may be mcfly time, haven't done one in so long.

**LOW PROBABILITY PLAY HERE**

The 365/360/355p spread is about $.42 if you can fill it, pays $5 on a pin.....

Weekly pivot is 362 or so, I think that provides support if we fall a lot, just thinking along the lines of Redler.....FB went up a lot with SNAP's earnings and more with GOOGL's earnings.....could this have been borrowed against their actual earnings? If you think so, this is a small play you might take......

UPDATE: got filled at $.50, so 10:1 return max if it goes my direction.

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Can you close it out right now?

McInnis 03 said:

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$30,000 Millionaire said:

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McFly, not saying it happens, but FB tends to rally post earnings.

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Then I'll lose most of $200

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FB at $358 AH

Anyone still in PETZ? This thing looks like it may be ready to make a move soon. Nice small hammer on the daily today. It bounced off the 200 pretty hard last time it touched it. I've been accumulating little chunks for a while now. Cost basis currently at $2.61. Another thing I saw is the short borrow rate on Webull is 114%. I know that's not 100% meaning it's over shorted, but it could be. Also a lot of buying volume not net with much selling on the daily. It's a low float China stock so it could easily tank but I'm positioning myself to sell on the next pop. Gonna use $2 as a stop loss here.

ibdm98 said:

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McInnis 03 said:

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Kind of want to sell FB's earnings tonight, it may be mcfly time, haven't done one in so long.

**LOW PROBABILITY PLAY HERE**

The 365/360/355p spread is about $.42 if you can fill it, pays $5 on a pin.....

Weekly pivot is 362 or so, I think that provides support if we fall a lot, just thinking along the lines of Redler.....FB went up a lot with SNAP's earnings and more with GOOGL's earnings.....could this have been borrowed against their actual earnings? If you think so, this is a small play you might take......

UPDATE: got filled at $.50, so 10:1 return max if it goes my direction.

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Can you close it out right now?

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BTW, it was at 360 when I posted this.

ibdm98 said:

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McInnis 03 said:

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Kind of want to sell FB's earnings tonight, it may be mcfly time, haven't done one in so long.

**LOW PROBABILITY PLAY HERE**

The 365/360/355p spread is about $.42 if you can fill it, pays $5 on a pin.....

Weekly pivot is 362 or so, I think that provides support if we fall a lot, just thinking along the lines of Redler.....FB went up a lot with SNAP's earnings and more with GOOGL's earnings.....could this have been borrowed against their actual earnings? If you think so, this is a small play you might take......

UPDATE: got filled at $.50, so 10:1 return max if it goes my direction.

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Can you close it out right now?

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McInnis 03 said:

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ibdm98 said:

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McInnis 03 said:

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Kind of want to sell FB's earnings tonight, it may be mcfly time, haven't done one in so long.

**LOW PROBABILITY PLAY HERE**

The 365/360/355p spread is about $.42 if you can fill it, pays $5 on a pin.....

Weekly pivot is 362 or so, I think that provides support if we fall a lot, just thinking along the lines of Redler.....FB went up a lot with SNAP's earnings and more with GOOGL's earnings.....could this have been borrowed against their actual earnings? If you think so, this is a small play you might take......

UPDATE: got filled at $.50, so 10:1 return max if it goes my direction.

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Can you close it out right now?

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I didn't get this in before close.

Y'all are welcome.

Red Red Wine said:

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They must have heard you. It dropped $8 here near the close!

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That should be expected on low float stocks with moves like today.

If futures aren't blood red tomorrow, look for it to gap up. Even if it sells off in the first 30 mins, don't panic. Look for it to build into 10 am, but also be cognizant that they may halt that stock before 10 am, say 9:30, so plan accordingly.

agdaddy04 said:

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TTD closing over $85 seems good.

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I still believe if they have good earnings and guidance next week, I believe they will, it will take out it's high of $97+.

PYPL - lol

$30,000 Millionaire said:

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PYPL - lol

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CRUSHED.

SQ gonna be sympathetic, may be a way to play it the opposite of what I just did with FB.

What would be your pin PT? PYPL had a large volume gap below. SQ seems to have better support. I see 232ish?

Thanks, Prog.

Will close my eyes and hope for the best.

slacker00 said:

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What would be your pin PT? PYPL had a large volume gap below. SQ seems to have better support. I see 232ish?

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SQ earnings are early Aug so it'll be awhile.

I was just working through the mechanics of building a strategy around a given thesis. I'm not ready to make these types of plays, but happy to pick up anything I can when it is being discussed.

ETA: As an example if earnings were right now, what would you select?

slacker00 said:

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I was just working through the mechanics of building a strategy around a given thesis. I'm not ready to make these types of plays, but happy to pick up anything I can when it is being discussed.

ETA: As an example if earnings were right now, what would you select?

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Caution: Don't take the fact that I dead-nailed this FB play as credence to my ability to predict a move. I have NO ability to do it. I made a play based on previous info (FB ran on SNAP and GOOGL), and when an equity moves prior to it's earnings, it can sometimes fade since it's "already priced in".

SQ:

How would I hit SQ? It's trickier for me, I guess if my thesis is PYPL missed, dragging SQ with it sympatheticaly, my eyes would be on a fade, since this went down, my fade would be bullish. That being said, I played SQ last week and it was a MONSTER move that made people money so I think SQ is probably where it needs to be.....for the moment.

The weekly pivot is usually strong (green line) and for a middle of the week play, it's as good a target as any when you only have to get to Friday on a weekly option.

Weekly here is just over 255, so I might play a 255/260/265 call fly on the hunch that we get to the pivot and then creep up a bit?

This is such hypothetical stuff, I am not sure I'm comfortable saying that's a play I'd take, I'm pretty certain I would not in fact.

I saw something I liked in FB and that's why I put the play out that I did. That part is hard to explain. When you see it, you go for it. And at a 10:1 return possibility, it's OK if your wrong on these cheap plays as long as you get one now and then.

Note: I've traded a lot. For me, there is NO better feeling than hitting a pin on a big earnings move. It's like getting the roulette ball predicted right, it's just an awesome feeling.

Finally, I expect quite a bit more movement from FB, at least the play is in my area. I'll see if I can get 4x-5x on most of the flies I bought and maybe save a one for grins.

quite possible FB recovers by tomorrow after the conf call starts.

Completely possible.

I hope not.

$FB gave the same guidance earlier.

https://www.cnbc.com/2021/07/28/facebook-fb-earnings-q2-2021.html