Philip J Fry said:
Thoughts on RMCF? Looks like it's primed for another run to $9.00.
Up 4% today on 26K of volume. I feel like a high roller with my 500 shares.
Stock Markets
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Last: 3 hrs ago by Heineken-Ashi
Up 4% today on 26K of volume. I feel like a high roller with my 500 shares.
$30,000 Millionaire said:
4500 will trade again. Then that gap at 2750 will get filled.
You wouldn't be talking about the S&P there, would you? ::laughs nervously::
Of course he's serious…..but he means over the course of the next 2-3 days. So relax…..;-)
La Bamba said:$30,000 Millionaire said:
4500 will trade again. Then that gap at 2750 will get filled.
You wouldn't be talking about the S&P there, would you? ::laughs nervously::
I tend to think we have one more puke and then resume our up trend for a while.
You don’t trade for money, you trade for freedom.
Mornun!
Everything green - US, EU & Asia
IMO watch for fake breakouts. I think some may get some uptrend traction here but others may head fake a bit.
Watch VIX for any spike above 21.
May get to trade a little today so will be watching closely the action.....particularly volumes.
Next week OpEx so keep that i mind.
Trade wisely!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Easiest trade today might be fading the open ATM if SPY gets to 439.40...ish
442 big level IMO
442 big level IMO
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Wild futures move again.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
Wild futures move again.
Think we'll puke at opening but who knows from there. This is too far too fast as they say. At opening we'll be up 2% since roughly noon yesterday.
A fearful society is a compliant society. That's why Democrats and criminals prefer their victims to be unarmed. Gun Control is not about guns, it's about control.
That gif
Thursday Macros....We having fun yet????
Risk ON.... Equities at Overnight Highs...CALM BEFORE THE STORM
The most unusual players came to calm the markets storm in the last 24 hours... But it has worked for now, as S+P futures are up 41 points, at the highs of the overnight session...even Hong Kong equities soared over 3%... Who were the unusual players?... Mitch McConnell to the temporary rescue of the debt ceiling, Vlad Putin to the rescue of the European gas crisis, The Secretary of Energy to tap the Strategic Petroleum reserve (even though there is plenty of oil in the US), the ECB announced that they will be ready to buy bonds if needed after their programs end.... Meanwhile our call for volatility this week has been happening... Unfortunately the big Kahuna happens tomorrow with the unemployment number . The survey number continues to inch up, now 500,000... We think that number is low and we will take the over... Challenger survey announced this morning shows the US Hiring Plans SURGED in September to the highest level in data back to 2004... In large part reflecting retailers gearing up for the holiday shopping season.
Credit... While we pointed out that CDX HY broke out of the range early yesterday with a 311 print, buyers came in and brought it back to 301 currently... We saw buyers where only 3 new issuers of IG came into the market yesterday with 6.5 billion, bringing the week total to the expectation of 20 billion. The highlight was 11.5 billion of orders for the 3 billion Pepsi deal... Junk continues to OK ,where 3 issuers came to market with 800 mm...
Treasuries... Staying in the range for now... Tomorrow will be the big breakout day in front of a 3 day weekend for bonds... CDS for the US topped out yesterday for 6 month CDS at 31, we don't see a reading today, but clearly much lower due to the deal with McConnell and the Dems... We see today's range on 10 years at 1.48 to 1.56... And do not sense we will see anything but clean up trades in front of what could be a soaring employment number tomorrow... Either way, the move, whether we are right or wrong on direction of the number tomorrow, will be based on the outcome tomorrow, along with the indication of Fed tapering announcement on November 3. But after the employment number we come back to 2 huge auctions of 3 years and 10 years Tuesday, with 30 years on Wednesday... So Friday afternoon there could be some set up...
Our view on equities and the economy are mixed looking out to the end of the year... While we sense that Covid is waning and people are getting out...meaning spending... We think that equities are high and could stumble... But the optimistic season for equities starts in a few weeks... May be tempered by the Fed tapering in November... So we are still thinking one more mild correction back to 10%, or the 200 day moving averages... We will leave it there for a more in-depth view after we see employment tomorrow.
Risk ON.... Equities at Overnight Highs...CALM BEFORE THE STORM
The most unusual players came to calm the markets storm in the last 24 hours... But it has worked for now, as S+P futures are up 41 points, at the highs of the overnight session...even Hong Kong equities soared over 3%... Who were the unusual players?... Mitch McConnell to the temporary rescue of the debt ceiling, Vlad Putin to the rescue of the European gas crisis, The Secretary of Energy to tap the Strategic Petroleum reserve (even though there is plenty of oil in the US), the ECB announced that they will be ready to buy bonds if needed after their programs end.... Meanwhile our call for volatility this week has been happening... Unfortunately the big Kahuna happens tomorrow with the unemployment number . The survey number continues to inch up, now 500,000... We think that number is low and we will take the over... Challenger survey announced this morning shows the US Hiring Plans SURGED in September to the highest level in data back to 2004... In large part reflecting retailers gearing up for the holiday shopping season.
Credit... While we pointed out that CDX HY broke out of the range early yesterday with a 311 print, buyers came in and brought it back to 301 currently... We saw buyers where only 3 new issuers of IG came into the market yesterday with 6.5 billion, bringing the week total to the expectation of 20 billion. The highlight was 11.5 billion of orders for the 3 billion Pepsi deal... Junk continues to OK ,where 3 issuers came to market with 800 mm...
Treasuries... Staying in the range for now... Tomorrow will be the big breakout day in front of a 3 day weekend for bonds... CDS for the US topped out yesterday for 6 month CDS at 31, we don't see a reading today, but clearly much lower due to the deal with McConnell and the Dems... We see today's range on 10 years at 1.48 to 1.56... And do not sense we will see anything but clean up trades in front of what could be a soaring employment number tomorrow... Either way, the move, whether we are right or wrong on direction of the number tomorrow, will be based on the outcome tomorrow, along with the indication of Fed tapering announcement on November 3. But after the employment number we come back to 2 huge auctions of 3 years and 10 years Tuesday, with 30 years on Wednesday... So Friday afternoon there could be some set up...
Our view on equities and the economy are mixed looking out to the end of the year... While we sense that Covid is waning and people are getting out...meaning spending... We think that equities are high and could stumble... But the optimistic season for equities starts in a few weeks... May be tempered by the Fed tapering in November... So we are still thinking one more mild correction back to 10%, or the 200 day moving averages... We will leave it there for a more in-depth view after we see employment tomorrow.
FJ43 said:
Easiest trade today might be fading the open ATM if SPY gets to 439.40...ish
442 big level IMO
So if I'm understanding this correctly, ATM spy puts if we open around the 439 level? Going to paper trade this at open and see what happens
Pfizer asks FDA to authorize Covid vaccine for kids ages 5 to 11
https://www.cnbc.com/2021/10/07/pfizer-asks-fda-to-authorize-covid-vaccine-for-kids-ages-5-to-11.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Nope, not putting this crap in my son. I hope there's huge pushback against any school boards that try to mandate this.
https://www.cnbc.com/2021/10/07/pfizer-asks-fda-to-authorize-covid-vaccine-for-kids-ages-5-to-11.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Nope, not putting this crap in my son. I hope there's huge pushback against any school boards that try to mandate this.
I would watch the open for any run and buy weekly (tomorrow's) ATM puts at next resistance rejection. 439.88 & 441.86 are two stiff levels I see with some noise in-between.TexasAg2017 said:FJ43 said:
Easiest trade today might be fading the open ATM if SPY gets to 439.40...ish
442 big level IMO
So if I'm understanding this correctly, ATM spy puts if we open around the 439 level? Going to paper trade this at open and see what happens
This would be a scalp only.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
VIX puts.
Congrats if you held onto some. They are double now.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Yes...Yes they are......FJ43 said:
VIX puts.
Congrats if you held onto some. They are double now.
Feels like a dip and rip kind of day.FJ43 said:I would watch the open for any run and buy weekly (tomorrow's) ATM puts at next resistance rejection. 439.88 & 441.86 are two stiff levels I see with some noise in-between.TexasAg2017 said:FJ43 said:
Easiest trade today might be fading the open ATM if SPY gets to 439.40...ish
442 big level IMO
So if I'm understanding this correctly, ATM spy puts if we open around the 439 level? Going to paper trade this at open and see what happens
This would be a scalp only.
We shall see.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
ROKU continues to rip.
Watch MSFT today and see if breaks out
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
VIX below 20
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Closed those out yesterday before the close.FJ43 said:
VIX puts.
Congrats if you held onto some. They are double now.
watching AAPL to see if it approaches gap fill at 142.15.....would be a nice place to test a long depending on how it acts there.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
If yall had to put numbers to it how would everyone define singles, doubles etc for options?
Well if a home run would be a four bagger (400%), then logically a single would be 100%.
Seriously, though, would be interested in this as well since I struggle knowing when it's time to bail on a winner.
Seriously, though, would be interested in this as well since I struggle knowing when it's time to bail on a winner.
Ask yourself, if you could make 20% on your money every day, would you take it blindly and run happy?
Every baseball field is different. What's your field like?
Some people hit doubles with 30%. Some people hit doubles with 20%.
Also, a LEAP moving 20% is not going to elicit the same strategy as a weekly 0DTE hitting 20%.......time and movement. It's all up to each individual.
Every baseball field is different. What's your field like?
Some people hit doubles with 30%. Some people hit doubles with 20%.
Also, a LEAP moving 20% is not going to elicit the same strategy as a weekly 0DTE hitting 20%.......time and movement. It's all up to each individual.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Just me...in baseball terms but not when we refer to a double. When people refer to a double its a 100% ROI.cptthunder said:
If yall had to put numbers to it how would everyone define singles, doubles etc for options?
Baseball analogy for me on scalps....
10-25% = Single
25-50% = Double
50-75% = Triple
75-100%+ = Home Run
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I went with this strategy today but a put just out of the money. Maybe a morning dip scalp comes along.
McInnis 03 said:
Ask yourself, if you could make 20% on your money every day, would you take it blindly and run happy?
Every baseball field is different. What's your field like?
Some people hit doubles with 30%. Some people hit doubles with 20%.
Also, a LEAP moving 20% is not going to elicit the same strategy as a weekly 0DTE hitting 20%.......time and movement. It's all up to each individual.
#Inspiration
Really puts things in perspective!
I wish I could play like Congress and read the catcher's signals.McInnis 03 said:
Ask yourself, if you could make 20% on your money every day, would you take it blindly and run happy?
Every baseball field is different. What's your field like?
Some people hit doubles with 30%. Some people hit doubles with 20%.
Also, a LEAP moving 20% is not going to elicit the same strategy as a weekly 0DTE hitting 20%.......time and movement. It's all up to each individual.
Congress is filled with a bunch of garbage humans so all you really need is listen for the trash cans bangingSpoony Love said:I wish I could play like Congress and read the catcher's signals.McInnis 03 said:
Ask yourself, if you could make 20% on your money every day, would you take it blindly and run happy?
Every baseball field is different. What's your field like?
Some people hit doubles with 30%. Some people hit doubles with 20%.
Also, a LEAP moving 20% is not going to elicit the same strategy as a weekly 0DTE hitting 20%.......time and movement. It's all up to each individual.
Speaking of trashcans GO ASTROS!!
Just watch SR levels. If it blows through and back tests one then chances are it may hold for today anyway.Spoony Love said:
I went with this strategy today but a put just out of the money. Maybe a morning dip scalp comes along.
VIX is below 20 so far which is generally bullish. Maybe keep an eye on VIX as well.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Very good points across the board. Timing is something ive started to get better at keeping in mind but still need a giant red siren going off alot of time to remind me, espicially with OPEX week approachingMcInnis 03 said:
Ask yourself, if you could make 20% on your money every day, would you take it blindly and run happy?
Every baseball field is different. What's your field like?
Some people hit doubles with 30%. Some people hit doubles with 20%.
Also, a LEAP moving 20% is not going to elicit the same strategy as a weekly 0DTE hitting 20%.......time and movement. It's all up to each individual.
I think I just missed a scalp opportunity hopefully another comes along in just a few minutes. Thanks for the tips.
This is generally what i have in mind alsoFJ43 said:Just me...in baseball terms but not when we refer to a double. When people refer to a double its a 100% ROI.cptthunder said:
If yall had to put numbers to it how would everyone define singles, doubles etc for options?
Baseball analogy for me on scalps....
10-25% = Single
25-50% = Double
50-75% = Triple
75-100%+ = Home Run
Ive got to get better about thinking of risk reward also which i know a few on here bring up every once in awhile
Charismatic Megafauna
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AG
If i say "easy double" i mean i sold an option for twice what i bought it for. If I'm referring to "singles and doubles" in baseball terms I'm taking about taking easy safe gains in the 10-20% range. I'm more likely to call those base hits though. Home runs for me are 2-10x depending what it is. 6x or so on expiring lottos or max profit spreads, 2' counts on longer term more expensive options
Upwk calls coming back to us today, shbm yesterday!
Up 58% on my crwd calls now (really more because bid is higher than last trade)
Upwk calls coming back to us today, shbm yesterday!
Up 58% on my crwd calls now (really more because bid is higher than last trade)
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