Stock Markets

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Charismatic Megafauna
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I knew you couldn't stay away!
Boy Named Sue
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Charismatic Megafauna said:

One xsp runner left. Zero or hero. Not touching it until spy 412.7
From your lips to God's ears...
Charismatic Megafauna
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I'm fine with zero on this one. Oa's channel made me a bunch this morning
Boy Named Sue
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Yeah, me too. Mine were bought Monday morning and already did well. Would be nice to cap off the week with some free scratch though.
Boy Named Sue
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MOS 4/14 $43.75Cs for $1.15 look tempting to anyone else?
gougler08
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ETSY working on a green hammer technical that bounced off support as well
Golf1
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Are we just going to trade sideways the rest of the day or is this thing going to run up?
Boy Named Sue
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Aggie Sam Bennett just birdied #1 at The Masters!
Golf1
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Not going to lie, Watching him on the first tee hit his drive had me nervous for him. I can't imagine the emotions he had but put it in the middle of the fairway!
oldarmy1
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Charismatic Megafauna said:

oldarmy1 said:

GOOG expiring premiums are about the lowest leverage risk I see in the market, as a potential mover. The $107's when tweeting this were $0.20 now $0.27

Followed you on 107s then added 106s...net free on the 107s now
GOOG is so dang close to a breakout. Terrible that its at the end of the week into a jobs report with no market. Makes you want to cash in the good gains.
Boy Named Sue
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Golf1 said:

Not going to lie, Watching him on the first tee hit his drive had me nervous for him. I can't imagine the emotions he had but put it in the middle of the fairway!


Yeah same. I've stood there, and TV doesn't do it justice. You're looking down on a lot of the front 9 from there, even though #1 is uphill. Can't imagine seeing the crowd and having to hit a drive
oldarmy1
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$30,000 Millionaire said:

May puts may not be a horrible idea. Feels like we are range bound between 3850 and 4150
I've begun dabbling out to June. A lot of times May begins with some upside before the selling, so I take it to June.
wanderer
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Assuming your hedges are on the indexes, how far OTM you looking for June? I've dabbled in SPY 390p & QQQ 290p
Boy Named Sue
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Eagle on 2!!!!
oldarmy1
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Anyone doing anything with AMC? Sure looks like its bottomed over past 6 months finally, with a likely pivot set $3.64 this week. The $5 Jan 24 is getting volume today
oldarmy1
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wanderer said:

Assuming your hedges are on the indexes, how far OTM you looking for June? I've dabbled in SPY 390p & QQQ 290p
Model T off the last big trend move! Of course...
wanderer
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OK. I completed my homework assignment.
SF2004
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Welcome to another episode of even though the macro market is *****... stonks only go up.

Can't let retail be right... prop these suckers up and burn that put premium.
oldarmy1
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wanderer said:

OK. I completed my homework assignment.

Sorry. I meant using this most recent move calculate from the pivot low. So SPY 348.11 SPX 3491.58 QQQ 254.26

My bad and appreciate you working the chart up for all to see!
wanderer
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Corrected
Charismatic Megafauna
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You get a nhod! You get a nhod! Everybody gets a nhod!!!
oldarmy1
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wanderer said:

Corrected

Awesome.thanks!...and for smaller account traders, you don't have to buy the more expensive MT puts. All you want is to capture a big directional move. Example alternative on QQQ would be the $245 Juine 16 Puts at $0.78 currently. A few here and actually hope markets breakout for one more exhaustion wave to add $255's at same $0.78 premium.
oldarmy1
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Charismatic Megafauna said:

You get a nhod! You get a nhod! Everybody gets a nhod!!!
$410 Lottos on the move
I had a sell set at $0.44 and it flashed to $0.43. Wonderful...not!
oldarmy1
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GOOG shot! Calls ITM
$30,000 Millionaire
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Charismatic Megafauna said:

I knew you couldn't stay away!


Not trying to stay away. Just have life stuff at the moment.
You don’t trade for money, you trade for freedom.
Boy Named Sue
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Hope all is ok. Hang in and let's play some SPX lottos for a bit, if you can!
irish pete ag06
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UVXY DCA time
FJ43
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Looks like an RDR today if maintains this level.
Saltyag15
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Boys...south central to north east Texas is friggin WET! And I am not mad about it.
oldarmy1
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More of those Jan 24 $5 AMC calls being bought. Another 400 shooting it up to $1.06 ...large spread on them
gougler08
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Saltyag15 said:

Boys...south central to north east Texas is friggin WET! And I am not mad about it.
I've been out of town and my yard is already a jungle, so that should be a fun mow once it dries out
Brewmaster
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oldarmy1 said:

More of those Jan 24 $5 AMC calls being bought. Another 400 shooting it up to $1.06 ...large spread on them
a sign of propping up a weak market? running the meme stocks
oldarmy1
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perma Brew doomster said:

oldarmy1 said:

More of those Jan 24 $5 AMC calls being bought. Another 400 shooting it up to $1.06 ...large spread on them
a sign of propping up a weak market? running the meme stocks
It's weird when the stock is dropping and the calls are popping.
BaylorSpineGuy
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Maybe people anticipating some short covering soon or a hedge fund getting margin called?
BaylorSpineGuy
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Charismatic Megafauna said:

oldarmy1 said:

Most of the technicals show more upside available. We came back down to Model T of this beautiful trading channel. We have room to the downside without breaking it and I'd be aggressive if it comes to touch the lower line.




Was that the touch? Let's do this!


This would make the pivot day around 4/19 or so. Coincidentally, that is VIXperation, typically a very weak day in the market.

Some food for thought on the long weekend.
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