Always watching the large options volume. Check out SUM. One of the largest construction/cement entities in the country. Got knocked down on missing earnings although beat on revenues. Houston was blamed for slower concrete sales but expected to rebound.

When someone shells out $1.6M for options that will expire worthless if wrong I sit up and take notice.

Gaps like to fill right? Assuming it fills, that puts it back to around 25, so seems to make sense

oldarmy1 said:

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cjo03 said:

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Anyone else familiar with or follow MDB?

My due diligence was thorough and consisted of... nothing more than me hearing a tech colleague who thinks MDB will eventually compete with Oracle.

Bought shortly after IPO in Oct 2017 at ~$30. Followed OA's strategy and sold half at ~$60 a couple weeks ago. Now at ~$72.

Quote:

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MongoDB Inc. is an American software company that develops and provides commercial support for the open source database MongoDB, a NoSQL database that stores data in JSON-like documents with flexible schemas.

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Playing with the houses money. I love you!

Never heard of them but post your next one when buying.

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The rest of my trades came from this thread versus the work cafe.

My next one? Long NKE... Q1 earnings 9/25. Short UA.

insider trading?

I've used MongoDB; it's a huge paradigm shift in usability & scalabilty. One recent breakthrough this year they previously lacked was industry-standard data integrity, which had kept many folks from adopting it.

sts7049 said:

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insider trading?

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Ha! I'm perpetually Bullish on the swoosh. Kinda like how I enter every football season planning for 12+ wins.

And I see how much Mrs Cjo spends at the employee store.

cjo03 said:

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employee store.

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Jealous AF

Absolutely love this SUM trade........ its smiling right at you........

oldarmy1 said:

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I'm Always watching the large options volume. Check out SUM. One of the largest construction/cement entities in the country. Got knocked down on missing earnings although beat on revenues. Houston was blamed for slower concrete sales but expected to rebound.

When someone shells out $1.6M for options that will expire worthless if wrong I sit up and take notice.

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I've been long on SUM since they bought Allied Concrete in 2014. Doubled down after Trump, expecting an infrastructure deal. IF congress ever passes one, this is a rocket ship to the moon.

Watching WTW closely. Similar reverse H&S set up similar to SUM with similar % gap down. Don't really like today's chart, but let's see what tomorrow looks like.

First time checking this thread! Got lots to catch up on...

Anyone else have shares of DPW???? They have made a great move this week once some crytpos moved back and bullish bitcoin news/prices started appearing

Cheap stock, and I just invested 17 days ago as my first ever official stock purchase...

So I'm a rookie, but wanting to learn and am curious!

ENPH up another 4+%

Susan sold Sept $45 strikes covered calls on ETSY when it hit $50/share for $7.08 premium. Those are now down to $3.50 area with stock pullback.

I think she's ready to takeover my portfolio.

Now she's picking up shares of OCX. I haven't studied it but a quick look shows low volume at this point trades in 5 cent increments.

Her average price stands at $2.05. She is targeting a sale of 25% at $3.45 due to no options for covered call strategy.

Will monitor to see if she's a one trick pony. Hahaha

Anyone done DD on EOLS?

Guitarsoup said:

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Opening Robinhood to look at BBOX and RRTS every day

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Don't look at them until approaching next quarter.

oldarmy1 said:

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Guitarsoup said:

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Opening Robinhood to look at BBOX and RRTS every day

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Don't look at them until approaching next quarter.

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Add JD to the list (even though if it could get to 34 in a couple weeks that would help for my call)

Yesterday was a hedge placement day. I posted a few on stocks, a few Put plays like NFLX. A pullback was likely after the burn upwards.

Something else always to put into your arsenal is that historically the largest moves on macro markets are Monday/Tuesday in a upward move and Thursday Friday in a downward move.

Why? I think its common sense actually. Weekly option premiums are at highest early in the week and will degrade towards week end. I rarely enter a weekly option on a Friday looking for a quick buck because the markets aren't likely to let you pay $.02 for an option and lose their shares on some late big move.

Profit taking on Thursday and Friday after huge moves is natural so you would enter Puts, covered calls or just exit part or all of a trade on a day like yesterday (or Tuesday).

China based Shanghai investments cut JD to a hold not helping. But I'd use anything under $31 as a buying trading shares oppty.

Most rating services are scum. You will notice they issue downgrades or holds near major support. I guarantee you they or a block of clients have short positions and try to break it through with this lip service. It should be investigated by the FTC for racketeering but I have long been onto their game and just use Puts and buy to sell further reducing my cost average.

https://seekingalpha.com/news/3386842-jd-com-cut-hold-first-shanghai

Anyone want to be brave and sell a straddle on ROKU at $60? Nets you $5.66 credit per share.

I've been watching JD for a few weeks and just bought today on this dip.

Agreed on the scum comment. It's always funny to look at an analysts price target history on certain stocks.

oldarmy1 said:

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China based Shanghai investments cut JD to a hold not helping. But I'd use anything under $31 as a buying trading shares oppty.

Most rating services are scum. You will notice they issue downgrades or holds near major support. I guarantee you they or a block of clients have short positions and try to break it through with this lip service. It should be investigated by the FTC for racketeering but I have long been onto their game and just use Puts and buy to sell further reducing my cost average.

https://seekingalpha.com/news/3386842-jd-com-cut-hold-first-shanghai

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Let see if it can hold at that 31 line yet again

Ragoo said:

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Anyone want to be brave and sell a straddle on ROKU at $60? Nets you $5.66 credit per share.

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Whats the set up?

oldarmy1 said:

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Ragoo said:

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Anyone want to be brave and sell a straddle on ROKU at $60? Nets you $5.66 credit per share.

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Whats the set up?

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sell put @$60 strike, sell call @$60 strike expiring 9/21. Stock can move up or down 5.66 and you can close a winner. If you move out 45 days that channel is over $7.

Thanks!

Ragoo said:

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oldarmy1 said:

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Ragoo said:

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Anyone want to be brave and sell a straddle on ROKU at $60? Nets you $5.66 credit per share.

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Whats the set up?

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sell put @$60 strike, sell call @$60 strike expiring 9/21. Stock can move up or down 5.66 and you can close a winner. If you move out 45 days that channel is over $7.

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I sold the Put looking for the markets to fill the gap intraday and got a nice pop and now looking to sell the call when markets close in on that gap fill. Or I might just hold the Put naked...wow. I caught a flyer!

Dropbox DBX feels like the final low before the move higher. Watching for a hammer candle into close

That little shakeout at the open hunting for stop loss triggers may have been an oldarmy special. Lower time frame charts have a V look to them

Ranger222 said:

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Dropbox DBX feels like the final low before the move higher. Watching for a hammer candle into close

That little shakeout at the open hunting for stop loss triggers may have been an oldarmy special. Lower time frame charts have a V look to them

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Great eye. DBX V bottom intraday confirmed. Odds of it seeing lows again less than 5%. Would take a big triple digit market selloff.

Ragoo. That's my 50 Calls sold at $3.50 shining to complete the Straddle. Raised the upside nicely. Thank you sir!

OA,

What's your opinion of the Sept. 21 puts 82.5 strike for MCHP

Prognightmare said:

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OA,

What's your opinion of the Sept. 21 puts 82.5 strike for MCHP

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Difficult when its been crushed and had the move upward. Is that a bounce or a major support reversal? If reversal then you would be eyeing a 50% retracement from recent top and actually be looking at calls targeting that last top to get taken out on continuation. 50% is about right here into $85.

thanks

Everyone see the S&P going for the gap fill? It's like a 2nd bite at the hedge Apple. Take your bites.

JD holding the major resistance so afar

Also NFLX, got through that 370 point