CRON looking like it may test the $5.50 resistance line soon

Joseph Parrish said:

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oldarmy1 said:

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Also, CHK doesn't look strong on the charts going into earnings. I bought cheap $4 Puts mid august

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What changed? Still expecting them to pay down debt and report better production numbers?

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Simply going off short term technicals. The 200 day moving average is $3.80 and you see Citigroup, Merrill and others giving a hold rating with target to $3.80, which not by accident is the 200 day MA.

With all the shorts in it and the money on the big sale not realized until late this year we might not see any explosion higher.

Now if earnings blow out then its all out the window and shorts will get crushed.

For other stuff I can't believe markets popped over 100 on China maybe news.

I grabbed TVIX at $37.47 on the hyoe and exited a few call options.

Sitting in my home office with my MAGA hat on this morning!

ENPH solar energy is getting a ride courtesy of Sun Energy committment.

WMT trying to break out of an upward wedge around $89.70...will be the 3rd time in 10 days it's tried

Ranger222 said:

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Damage may be subdued rest of day, but I believe we still see continuation of downside move into tomorrow.

TWTR through trendline that was started on Nov 2017 earnings. 200 day at 30.2

NFLX has a date with 331 support. After that 316 looks interesting and 200 day all the way down to 283.5 doesn't look impossible

FB believe we see 161 for sure. Maybe 158s

GOOGL I'm buying this one if it gets to 1205-1210. This should be the first name to recover when things get better

SQ I'm watching for 59

Some of my favorite med tech names getting pounded more than QQQs....AXGN could go to 40 or below to 36s, TDOC down to 55s, ALGN to 330s.

Hopefully there is cash on hand to take advantage of some of these prices. We could be at the beginning of a short term downtrend here, but the overall long term bull market still intact.

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Tech down again after an hour...NFLX already through that 331 support and TWTR on it's way below 31

Some support on these hard-hit tech names showing up. I was wrong particularly on FB....there was weekly support around that 166 area that is holding for now.

Took a small position in GOOGL

Hard to really do anything today with AAPL looming AH.

IQ is AH today. This is a whole different style of Chinese imitation than PDD. They have a great product that is targeting baba and jd crowd. Should be a fun year or two for them.

NE moving finally above resistance

AAPL has moved +/- 10 the last few earnings announcements. Lots of IV on both the +10 calls and the -10 puts. Likely won't take a position.

Sept S&P contracts have reversed completely now to upside.

News driven markets are the most difficult to read.

Sold my SPY puts for less than I had hoped for, but still a profit from my opening position Friday morning.

NFLX calls, loaded up on them as it slid this morning. Then popped from -2% to +2%. Nice trade that saved my bacon a little.

Kind of hate this news driven market right now. I was really expecting to close my SPY 283 puts (exp 8/10) around 276-277. But then this magical Bloomberg blurb about China pops up at 8:27am. Such a racket.

UpstateAg said:

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IQ is AH today. This is a whole different style of Chinese imitation than PDD. They have a great product that is targeting baba and jd crowd. Should be a fun year or two for them.

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Up 4% today...in prep for the earnings or something else?

TVIX moving back down

pacecar02 said:

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TVIX moving back down

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TVIX is VIX on steroid. It's a trading hedge I use on news driven pops but never to buy and hold.

Since double post editing to add on TVIX. Tons of day traders use TVIX as their main trade. Since it moves precisely with VIX it means you won't have market makers manipulating it.

Pull up a VIX and S&P minute chart and then mirror it to TVIX moves.

If the Fed doesn't raise rates we might break the wave. AAPL would need to be solid for Nasdaq to continue finding its base but after any move up I think Nasdaq has more downside.

Talking over weeks, maybe months.

Also, financials mostly red but well off lows. They are all waiting for Fed. Watch for explosive move on announcement.

Downward momentum took TWTR and others below major support. Rubberband trade textbook.

Looking to hedge my AAPL position into earnings, what level and expiration should I be looking at? I was thinking Aug 10 $185 puts

AggiePeeps06 said:

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Looking to hedge my AAPL position into earnings, what level and expiration should I be looking at? I was thinking Aug 10 $185 puts

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You have earnings today. All will be known and wild moves likely over in 3 days so go as close as possible with Aug 3rd.

Facebook Has Identified Ongoing Political Influence Campaign

Facebook just cannot stay out of the news for a little while can they...

DE

Deere break oit. Up over 7 bit I see at least 150 coming.

I bought 185 puts on appl @ 1.93, if earnings go against me i'll sell an equal number of ATM or near ATM puts in the morning and then decide weather to roll or let them expire worthless

I'm with you but I went with 180s.

TVIX traders think AAPL will be positive. Down 80 cents after hours.

It's interesting because the Aug 3 180 Puts I bought are actually up

AggiePeeps06 said:

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It's interesting because the Aug 3 180 Puts I bought are actually up

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I bought calls and puts $180 and $200 because it will be other side of those enough to make some coin. Both were higher premium than when I bought them due to speculation coming in.

200 day moving average places APPL around $278 so its running hot right now

popped to 196

AAPL - nice beat on top and bottom, although slight miss on iphones

All ears will be on forward guidance

Into this ER I've held my September 210s, I also added a lotto straddle 165/205

LADR beat on EPS and Revenue.

Let's see if this helps the other FANG stocks at all tomorrow (and other tech as well)

This $195.50 os 5 day resistance levels. Ton of resistance right now.