took a position in SN this morning

pacecar02 said:

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took a position in SN this morning

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Sizable or just prospecting stake?

I am weighing in between SN and ANDX...

pacecar02 said:

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took a position in SN this morning

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But I am not sure what I like more....

The fact that SN brings in more money then their current market cap

Or

ANDX pays a fat dividend that has increased every quarter.

just testing the waters

pacecar02 said:

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just testing the waters

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Would you consider some LEAP options on SN?

I am looking and Jan '19 2020 $2 calls are ITM and are priced at $2.20.... That seems cheap compared to the Time Value

Ive not traded any LEAP options, so i'm probably not the best person to ask


Im really just waiting for upward movement and i'll sell calls against my underlying position, I just liked the entry point today

GILD trade worked on entry strategy.

pacecar02 said:

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Ive not traded any LEAP options, so i'm probably not the best person to ask


Im really just waiting for upward movement and i'll sell calls against my underlying position, I just liked the entry point today

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I just got in as well. Lets see where this goes.

TEAM getting a lot of interest. Breakout

Oil prices are pushing into the $70 range. Kinda surprised to see oil stocks all down.

https://www.up.com/customers/surcharge/wti/prices/index.htm

Closed out another 25% of the AMAT Call option trade.

Overall oil is down $2 today.... so that is why energy stocks are down.

I think we might break lower here with a target of 265.1. Maybe a 50/50 chance. The S&P is sitting on a support line and if it breaks then that would be the target. It could bounce higher though.

watching the price action around this arrow...And, it's bounded on the top by the descending white line.

and trump says we out, lets watch oil now!

I was told to check out EPE. Earnings today. Iran decision coming today. They missed bad last quarter. Could be a good options play.

Disclaimer: I don't know their business but people who do seem to be excited about it. Or they were before oil tanked this morning. Might get a better price after the tank if Iran deal stalls? Just a thought for you options guys.

Well Trump's speech just put a lot of oil stocks back in the green.

SQ option alerts going off mid June

I'm in a bunch of SQ options may 18 and May 25 52.5 C and in those June 60 C you mentioned

Also BIDU

There was a big buyer of July SPY 290 and 295 call spreads....someone out there is making the big bet we rally 11% in 73 days. I'm hoping we break to the upside here as there are so many individual names with incredible charts that are breaking out of falling wedge patterns like SQ but in a mixed tape. If the general market starts going, some of these stocks are going to explode.

Oil leading a charge this morning. Would be nice to get a clear signal break above clear resistance marks as Frisco has been charting.

oldarmy1 said:

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Oil leading a charge this morning. Would be nice to get a clear signal break above clear resistance marks as Frisco has been charting.

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As an owner of a lot of RDS-A stock (work for them, and a lot is relative I'm sure for you guys), I wouldn't mind it creeping up over $72 or so and selling off a lot of my position

oldarmy1 said:

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Oil leading a charge this morning. Would be nice to get a clear signal break above clear resistance marks as Frisco has been charting.

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268.9 is what I've got. above that with force would be a breakout IMO

Pivot point R2 and MY descending triangle line are at that point.

A move about 268 would be impressive though too since that point has been rejected about 4 or 5 times already. I personally think 268 holds for today, but we are getting close to breaking out. Pre-market did get above 268 but we have faded below it for now.

old chart from pg119 but this resistance still holds for now. this is 168 (SPY) we are back here again pre-market

gougler08 said:

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oldarmy1 said:

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Oil leading a charge this morning. Would be nice to get a clear signal break above clear resistance marks as Frisco has been charting.

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As an owner of a lot of RDS-A stock (work for them, and a lot is relative I'm sure for you guys), I wouldn't mind it creeping up over $72 or so and selling off a lot of my position

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why would you sell at 5.29% yield just on the dividend?

pre-market price action at 268

Too many stocks will be at breakout levels to list. Some I've listed last few days that I took Call options on.

For under $10 you have the oil stocks and even CLF is pointing to coming off their bottom with a breakout. That is a stock historically that loves to make a run on momentum so I took a position premarket.

Ragoo said:

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gougler08 said:

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oldarmy1 said:

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Oil leading a charge this morning. Would be nice to get a clear signal break above clear resistance marks as Frisco has been charting.

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As an owner of a lot of RDS-A stock (work for them, and a lot is relative I'm sure for you guys), I wouldn't mind it creeping up over $72 or so and selling off a lot of my position

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why would you sell at 5.29% yield just on the dividend?

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Asking the right question, RDS pays such a fat dividend. The company is incredibly stable and if the price goes down, your yield goes up. If the price goes up, you still get those appreciation. I would hold on to it for as long as you can.

pacecar02 said:

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took a position in SN this morning

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You received a great volume mark on your entry day. Highest volume since January.

oldarmy1 said:

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pacecar02 said:

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took a position in SN this morning

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You received a great volume mark on your entry day. Highest volume since January.

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i opened a small 600 share position yesterday in SN

Ragoo said:

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oldarmy1 said:

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pacecar02 said:

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took a position in SN this morning

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You received a great volume mark on your entry day. Highest volume since January.

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i opened a small 600 share position yesterday in SN

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Whoop!


I ran some numbers on AMC and am editing this because there is some issues on productions pipeline needing to be resolved before I'd see anything meaningful on the trade front.

FriscoKid said:

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pre-market price action at 268

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It looks like the bulls are about to announce their return.

oldarmy1 said:

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FriscoKid said:

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pre-market price action at 268

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It looks like the bulls are about to announce their return.

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1st attempt rejected.

Anyone know the chemical side of the oil industry. Is FTK worthy of a look? Based in Houston and absolutely decimated on the charts. Currently at multi-year lows. Earnings today after the bell. I know they were to introduce some new technology around surfactants but nothing of note.

oldarmy1 said:

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Anyone know the chemical side of the oil industry. Is FTK worthy of a look? Based in Houston and absolutely decimated on the charts. Currently at multi-year lows. Earnings today after the bell. I know they were to introduce some new technology around surfactants but nothing of note.

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I have a few Corps buddies who work in on the Chem side of the O&G, I will reach out.

They look interesting b/c $28M in total debt vs a $300M market cap, $100M in profit.