Irish 2.0 said:
TSLA?! My God!!
I wouldn't have, but if I had held those last 8 $805 puts overnight that would have been a good mistake.
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Last: 4 hrs ago by frankm01
Bob Knights Paper Hands
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I wouldn't have, but if I had held those last 8 $805 puts overnight that would have been a good mistake.
Woke up to seeing Putin bombed our accounts… T&P to all my fellow bagholders accounts
Has anyone seen this?? Means I bet people in power knew ahead of time and could have shorted majorly. Wonder how rich Pelosi and gang got on this
🚨BREAKING🚨
— unusual_whales (@unusual_whales) February 24, 2022
Metadata of Putin’s war declaration video shows that it was created on February 21, not today, three days before the declaration was made public. pic.twitter.com/YGD34lnmFC
Some from the #630club are asking me about my wife’s “blood on the street account”. First 25% goes in today. Last time I started with this was the 2020 pandemic from 20% off highs and every 5% lower. “Long term - bulls will win”. But u need a process.
— Scott Redler (@RedDogT3) February 24, 2022
Redler beginning his portional entry strategy today.
Some from the #630club are asking me about my wife’s “blood on the street account”. First 25% goes in today. Last time I started with this was the 2020 pandemic from 20% off highs and every 5% lower. “Long term - bulls will win”. But u need a process.
— Scott Redler (@RedDogT3) February 24, 2022
Bob Knights Paper Hands
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What is the blood in the streets account?
First trigger pull is $BABA under $100. Taking a risk it doesn't tank prior to options trading opening. Not for most
It's his 100% cash account he uses for long entries versus his active trading account.
I'm eyeing NVDA Jan 24 $300C
#MeToo
Thinking back to that chart the other day about markets after an invasion, I would say the other day wasn't a real 'invasion' as there was no fighting over it. Maybe this is the real invasion and we bounce soon.
I don't really see it playing out that way, but just a thought.
I don't really see it playing out that way, but just a thought.
Yes, unless you believe we're going to war with Russia, then no. The market is the best vehicle to outpace inflation and buying the best of the best stocks while they're on sale is tha smart play.jj9000 said:oldarmy1 said:
It's his 100% cash account he uses for long entries versus his active trading account.
I agree with the layering strategy for long term entries.
But, do our current SPY levels really qualify as 'blood in the streets' ? We were around these levels around 8 months ago.
Hell, we might actually be getting close to a time to buy ARKK...
Patience to $50 yoIrish 2.0 said:
Hell, we might actually be getting close to a time to buy ARKK...
I'm inclined to agree with you. I still think there is more pain to come for the markets from this current conflict. But as mentioned by others, there are other looming economic factors that can push this much lower.
But starting with 25% entry of his account is a good layering strategy. We may see an uptick in the short term and he can decide to take the profits then or stay depending on his outlook.
But starting with 25% entry of his account is a good layering strategy. We may see an uptick in the short term and he can decide to take the profits then or stay depending on his outlook.
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Short-term long side if we appear to bounce with volume I'm looking at TSLA, MSFT, AAPL, SPX, and QQQ.
Short-term downside I'm probably still on NDVA, OSTK, and SPX.
I'll look at buying VIX $24-26 puts for 3/9 or 3/23 if they get cheap enough to be lottos.
Short-term downside I'm probably still on NDVA, OSTK, and SPX.
I'll look at buying VIX $24-26 puts for 3/9 or 3/23 if they get cheap enough to be lottos.
jj9000 said:ProgN said:Yes, unless you believe we're going to war with Russia, then no. The market is the best vehicle to outpace inflation and buying the best of the best stocks while they're on sale is tha smart play.jj9000 said:oldarmy1 said:
It's his 100% cash account he uses for long entries versus his active trading account.
I agree with the layering strategy for long term entries.
But, do our current SPY levels really qualify as 'blood in the streets' ? We were around these levels around 8 months ago.
Individual stocks will outperform...no doubt.
That's not what he's layering into though...he's dropping 25% into SPX today and layering downward. My point is that there isn't 'blood in the streets' on SPX as he suggests.
It's just what he calls the account.
jj9000 said:oldarmy1 said:
It's his 100% cash account he uses for long entries versus his active trading account.
I agree with the layering strategy for long term entries.
But, do our current SPY levels really qualify as 'blood in the streets' ? We were around these levels around 8 months ago.
China is saber-rattling about Taiwan. Certainly could be escalation. I prefer my approach. I may have less uncommitted shares for gains but I eliminate all downside risk.
Don't use all your bullets today. 4270 was the key support and. now that it's failed the 3XXX handles are now in the cards. Not directly, but I think this could go a bit deeper.
For now, I still think we get an oversold bounce before another leg down.
For now, I still think we get an oversold bounce before another leg down.
You don’t trade for money, you trade for freedom.
How far out to do target? 30, 60, 90 days? What's your deciding factor?oldarmy1 said:
Only way I trade during these events is using covered calls on 50-75% shares entered and 100% puts against all shares, paid for with the covered call premium. I get 50-25% unentangled share upside with little risk to even moderate gain even if stock craters.
Do the math and target earnings for higher premiums.
wanderer said:How far out to do target? 30, 60, 90 days? What's your deciding factor?oldarmy1 said:
Only way I trade during these events is using covered calls on 50-75% shares entered and 100% puts against all shares, paid for with the covered call premium. I get 50-25% unentangled share upside with little risk to even moderate gain even if stock craters.
Do the math and target earnings for higher premiums.
However far that your premium on calls negates the put cost. Use time to your advantage because its the one sure thing.
oldarmy1 said:wanderer said:How far out to do target? 30, 60, 90 days? What's your deciding factor?oldarmy1 said:
Only way I trade during these events is using covered calls on 50-75% shares entered and 100% puts against all shares, paid for with the covered call premium. I get 50-25% unentangled share upside with little risk to even moderate gain even if stock craters.
Do the math and target earnings for higher premiums.
However far that your premium on calls negates the put cost. Use time to your advantage because its the one sure thing.
This. You have to ensure the call premium pays for the put. Keep it zero cost to you any way you slice it and takes risk off.
Why did I sell my 2955 amzn puts at the close, yesterday? I am in idiot, that's why.
You can't predict the future is why
You don’t trade for money, you trade for freedom.
Yeah but I was telling my buddy we would gap down after we took out 334 on the QQQ. It's fine I put money in my pocket. I just needed to get it out to people who would understand.
I understand I couldn't predict Putin and Russia.
I understand I couldn't predict Putin and Russia.
So how we feeling, time to start buying yet?
some men you just cant reach ...
For $SQ you only have to go out till tomorrow due to earningsoldarmy1 said:wanderer said:How far out to do target? 30, 60, 90 days? What's your deciding factor?oldarmy1 said:
Only way I trade during these events is using covered calls on 50-75% shares entered and 100% puts against all shares, paid for with the covered call premium. I get 50-25% unentangled share upside with little risk to even moderate gain even if stock craters.
Do the math and target earnings for higher premiums.
However far that your premium on calls negates the put cost. Use time to your advantage because its the one sure thing.
Example, buy 300 at 82-83, sell 2 calls and buy 3 puts at 80 which should be about equal (look in option chain for call = 1.5x put). I've almost talked myself into this trade at open here.
Also at a good price that is exactly back test of past long term resistance.
Anyone know why $CEI is going crazy last couple days?
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China-Taiwan potential could be the reason TSLA has sold off so much? If we do have that happen my downside plays are AMZN, AMD, and TSLA. Big companies whose business would be most immediately and directly impacted without Taiwan chips or with China embargo. Probably also a lot of those Chinese stocks.
I sold my SPY $425 puts before the close yesterday too, you've got company on the short bus.DDSO said:
Why did I sell my 2955 amzn puts at the close, yesterday? I am in idiot, that's why.
Any chance you think INTC rallies long term this? One of k my chip makers in USA.
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EAT might be another one to go short on if we continue down. Maybe DRI as well, though it's been beaten up pretty good.
For LEAPs fans, we may be getting close to where UAL and JETS LEAPs start becoming attractive again.
For LEAPs fans, we may be getting close to where UAL and JETS LEAPs start becoming attractive again.
If Taiwan is in the cards, rip to:
NVDA, amd, AMZN, MSFT, AAPL, QCOM, etc
Basically anyone related to TSM. To be honest this is the most scary scenario
NVDA, amd, AMZN, MSFT, AAPL, QCOM, etc
Basically anyone related to TSM. To be honest this is the most scary scenario
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