May 27, but the leaks have been mounting this weekend. Also the new hacker vulnerability Intel is exposed to was shown not to compromise AMD chips.

Thank you. I may take a partial call position @26.5 and buy more if it drops further.

Thanks for the intel.

Punny.

Prognightmare said:

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Trump's Iran rhetoric. Open lower and a rally would be healthy.

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i will be look at SPY calls on an opening gap down. But only if we see some initial buying off of the open.

Depending where we open but I will begin my look at the 285 call. Hopefully it will be cheap, like 0.20 or less at the opening.

TSLA getting crushed this morning. Knocking on 200. How low does it go? I kind of expect a bounce at 200. That's big psychological resistance

foleyt said:

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TSLA getting crushed this morning. Knocking on 200. How low does it go? I kind of expect a bounce at 200. That's big psychological resistance

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I have some cash available, I may board that train with you.

Weeklies?

Prognightmare said:

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I have some cash available, I may board that train with you.

Weeklies?

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i will look for expiring today

Just depends on what the action looks like early.

Prognightmare said:

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Trump's Iran rhetoric. Open lower and a rally would be healthy.

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China and Iran messing with pretty much every technical available. We have a service releasing coverage on NVDA with target $210 being completely ignored.

Hey, my own trade portfolio is down 6 figures over the last week as I moved into some shares combined with options. I'll be switching to a protective Put strategy against a collapse of the 2800 mark in tandem with covered calls.

Markets are unreadable right now, other than the external news has the full attention of the markets. Some entries around support failed and that can't be ignored.

I can agree with that.

I took positions in PINS and WLL at the close Friday and if we rebound after initial selloff I will blow out of those. You have to be fluid in this environment. Buy and hold could kill you. I got caught doing that last October and it HURT!

BABA got downgraded.

2825 is a fairly significant pivot number on the S&P. Open down 2830's, and if not an immediate move upward I expect a drop to that mark then look to see support bounce. That would be a pretty bloody opening hour.

Quote:

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Lumentum lowers quarterly outlook after Huawei ban
Today 8:14 AM ET (MarketWatch)
Share
Print
Lumentum Holdings Inc. (LITE) said Monday that it was lowering its quarterly outlook for the current period after the Department of Commerce banned U.S. companies from supplying components to Huawei Technologies Co., a Chinese telecommunications company. Lumentum now expects $375 million to $390 million in revenue for its fiscal fourth quarter and 65 cents to 77 cents in adjusted earnings per share. The company's prior outlook called for $405 million to $425 million in revenue and 85 cents to $1 in adjusted EPS. Lumentum said that sales to Huawei accounted for 18% of overall revenue in its most recent quarter and about 15% of revenue on a year-to-date basis. Shares are off 5% in premarket trading Monday, and they've gained 10% so far this year as the S&P 500 has risen 14%.

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What's your plan on those DE $136 weeklys?

IrishTxAggie said:

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What's your plan on those DE $136 weeklys?

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Hope to see the early selling reverse at the opening hour. Whenever the dust settles on DE there is a juicy gap at the $145 area.

Here is NVDA chart. Pretty much the sector has this look. So I entered near lows Friday on the 4 day support. But its broken early. I did enter a $150 covered call late Friday after it flashed below that support but came back to support.

Now its below it and I'm looking to see if its a pullback similar to the last pre-launch upward move or a failure, which would be tied to a market failure of 2800. The bottom of that green shaded area is my entry marked with the arrows.

I want to be long NVDA and MCHP after the dust settles. How to mitigate the post-entry move is the focus.

You went with the $200 puts right? What's your expiration date?

August. I followed the money. There's over 21k open interests on that date. I only got 2 contracts so likely selling one today.

Wish we would blow up Iran's oil right about now.

Prognightmare said:

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I have some cash available, I may board that train with you.

Weeklies?

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note: I have not made any moves yet

I bought the SPY 5/29 285 calls.

Bought LPSN 7/19 $35 calls at .35

2860 gets you 2880 on the S&P.

Right now first wave up on watch to NOT become a dreaded "h" pattern.

IrishTxAggie said:

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Wish we would blow up Iran's oil right about now.

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I started looking into XOP and XLE on friday

What were you looking at?

Prognightmare said:

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Bought LPSN 7/19 $35 calls at .35

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Same. Might be the only positive thing for me today.

If OXY hits $50, I'm backing up the brinks truck

How's the vacay?

IrishTxAggie said:

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Prognightmare said:

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How's the vacay?

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I'm on here aren't I?!

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You crack me up man.

Ugh NIO down to $4.19.... really hope this isn't another HEAR for me.

oldarmy1 said:

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IrishTxAggie said:

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What's your plan on those DE $136 weeklys?

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Hope to see the early selling reverse at the opening hour. Whenever the dust settles on DE there is a juicy gap at the $145 area.

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would a june 21 140 call look good?

AgShaun00 said:

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oldarmy1 said:

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IrishTxAggie said:

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What's your plan on those DE $136 weeklys?

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Hope to see the early selling reverse at the opening hour. Whenever the dust settles on DE there is a juicy gap at the $145 area.

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would a june 21 140 call look good?

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I wouldn't be scared of that