Bought 6/21 NEE calls (210) yesterday on Darvas box breakout. Continuation today on China news. Strike might be a tad high, but it's a 50% extension of the most recent runup. Plus, they were really cheap.

Very small speculative position.

V looks to have found resistance @ 52wk high.

leoj said:

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So as usual I'm on my phone, but would I be correct in saying that CRM has been in a Darvis Box since about 2/8?

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One could draw it back to 2/1 (broke out of resistance) and it backtested same support on 2/8.

Ragoo said:

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Bought the SPY 287 at the open for 0.38 and sold it a few minutes ago for 1.74. 1500 into 6500 in an hour and a half.

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Nice play.

Ragoo said:

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Roku en fuego

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I just about doubled my $$ with ROKU but I obviously left some $$ on the table.

SW AG80 said:

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Ragoo said:

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Roku en fuego

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I just about doubled my $$ with ROKU but I obviously left some $$ on the table.

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i had 1000 shares at 40.91 and over time it has revolved to 600 at 45.29

LPSN 7/19 $35 calls set at $.40 to double down if it fills.

Woah there SUM, don't need you creeping over 17.5 on the last day of my covered calls

Ragoo said:

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Bought the SPY 287 at the open for 0.38 and sold it a few minutes ago for 1.74. 1500 into 6500 in an hour and a half.

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Serious question: what does this mean?

That you bought calls on SPY that you could exercise to buy SPY at $287 per share through some date and paid $0.38 per share for these? Then you sold those same calls for $1.74 per share? This was because on the open people had negative sentiment about the SPY over the next X month time period but after it started going up the sentiment changed?

I play a little bit with stock valuations but am interested in learning about options.

It's just options trading the SPY.

Did the markets already shut down for the weekend?

Nothing happening - at least in my selections

Watch a YouTube video on buying and selling calls. A visualization is helpful.

He bought some SPY calls, they went up in value, he sold the calls. He did not buy any shares. The value of a call changes as the stock price changes. He basically bet that the stock would rise and it did. Buying and selling puts is betting it will go down.

https://twitter.com/waxzce/status/1128711501206913028https://twitter.com/waxzce/status/1128711501206913028aunuwyn08 said:

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If the community wants to start publicly following my tip that would be great. If so, I think the optimum entry time is before May 27th. That's when AMD delivers the keynote to Computex and reveals the Ryzen 3. https://www.google.com/amp/s/wccftech.com/amd-ceo-computex-2019-keynote-ryzen-3000-cpu-and-radeon-rx-navi-gpu/amp/

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interesting tweet that shows EPYC ROME should continue to take more market share

Bob Knights Liver said:

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Ragoo said:

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Bought the SPY 287 at the open for 0.38 and sold it a few minutes ago for 1.74. 1500 into 6500 in an hour and a half.

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Serious question: what does this mean?

That you bought calls on SPY that you could exercise to buy SPY at $287 per share through some date and paid $0.38 per share for these? Then you sold those same calls for $1.74 per share? This was because on the open people had negative sentiment about the SPY over the next X month time period but after it started going up the sentiment changed?

I play a little bit with stock valuations but am interested in learning about options.

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i bought the weekly call expiring today at the close. The strike was 287 and the price per share was 0.38. I bought 40 contracts for $1520. I sold them all later at $1.74 for a total of $6960

https://www.cnbc.com/2019/05/17/us-china-trade-talks-have-stalled-sources.html

Quote:

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Negotiations between the US and China appear to have stalled as both sides dig in after disagreement earlier this month.

Scheduling for the next round of negotiations is "in flux" because it is unclear what the two sides would negotiate, two sources briefed on the status of the talks said. China has not signaled it is willing to revisit past promises on which it reneged earlier this month, despite showing up for talks in Washington last wee

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SPY selling off

Bought DE weekly $136 calls to next Friday

Sold an AMD 6/21 $27/$30/$31 jade lizard. If my short put is exercised, I'll own it a little over $25.50.

Prognightmare said:

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https://www.cnbc.com/2019/05/17/us-china-trade-talks-have-stalled-sources.html

Quote:

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Negotiations between the US and China appear to have stalled as both sides dig in after disagreement earlier this month.

Scheduling for the next round of negotiations is "in flux" because it is unclear what the two sides would negotiate, two sources briefed on the status of the talks said. China has not signaled it is willing to revisit past promises on which it reneged earlier this month, despite showing up for talks in Washington last wee

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Nice Friday afternoon news to get the market to sell off

oldarmy, what did you think of Patrick Byrne's response to investors questioning his stock sale?

Geez Louis. Tanking

khkman22 said:

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oldarmy, what did you think of Patrick Byrne's response to investors questioning his stock sale?

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I'd like to take him behind the woodshed

oldarmy1 said:

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Bought DE weekly $136 calls to next Friday

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Jumped in at $1.35 with you.

Can someone tell me if there are also seeing a 600K purchase of JD around 2:25PM today?

I want to say I don't understand why we drop for obvious trade news, especially a broad sell off in non affected sectors, but has the market just not priced in that this could be a protracted economic conflict and it is still too optimistic?

leoj said:

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I want to say I don't understand why we drop for obvious trade news, especially a broad sell off in non affected sectors, but has the market just not priced in that this could be a protracted economic conflict and it is still too optimistic?

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We'll find out next week. Thus far all this is noise ABOVE the lows. I went as large as I've been on some stocks and some I had to go covered call that would be a positive gain if markets reverse or protect my positions if not.

Others I'm into shares or options. This looks like capitulation shaking before headed higher. We'll see.

Had BABA calls going up as the stock was still going down. Guess plenty of folks agree the sell off is temporary.

Tried filling at the bottom and it didn't. Damn

Let's go DEERE! Get into the money today!

Back to options - if one thought this is likely a temporary dip due to pushing of early news as "breaking news", that person might be interested in buying calls for some date near the end of next week?

If so is there a strategy to what day of the week would be best (assuming SPY or other large index)?

If someone bought calls for the close of next Friday at some amount - say $286 - would they be able to exercise those and buy the actual shares at any time between now and close of that day? Or is that only an option to exercise on the close of that date?