NIO with the fake out trend reversal is now looking to breakout.

Aggie_2463 said:

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oldarmy1 said:

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Aggie_2463 said:

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MNGA is sitting at 2.77, would this be a good time to buy in?

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A) Determine if you are the type of investor to take on these kind of long horizon companies
B) Research on your own and see if the stock checks the boxes off of your personal philosophy
C) Develop a strategy on initial entry and averaging up or down dependent on price movement post-entry.

Here is the latest research overview put out, to assist in decision making.

https://www.edisoninvestmentresearch.com/researchreports/US55939M2008TaronisTechnologiesupdate050219.pdf

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Thanks for the info. I'm trying to get in and out, capture some profits and move on.

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Wish I could do the same but my average has me around $4

Hedge volume flowed in on SDS and SPXS

Potential first h pattern on the S&P. Bull/Bear fight!

Question for the options guys. I am new to this so please be kind.

If I own 300 shares of FB and I am trying to get rid of them and my dollar cost average is 200 but I am willing to sell them now. I wanted to do covered calls and I was looking at this:

Dec 20 $175 strike price $19.10 per contract 3 contracts nets me $5730 it looks like.

Does this mean that if the price hits $175 this week, my shares will be called away and I will have the $5,730 in my account plus the 175 times 300 shares? What are the chances that the contact doesn't get called away until December 20th and I am sitting stagnant waiting?

Aggiesincebirth said:

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Question for the options guys. I am new to this so please be kind.

If I own 300 shares of FB and I am trying to get rid of them and my dollar cost average is 200 but I am willing to sell them now. I wanted to do covered calls and I was looking at this:

Dec 20 $175 strike price $19.10 per contract 3 contracts nets me $5730 it looks like.

Does this mean that if the price hits $175 this week, my shares will be called away and I will have the $5,730 in my account plus the 175 times 300 shares? What are the chances that the contact doesn't get called away until December 20th and I am sitting stagnant waiting?

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your shares would only be called away if they are deep in the money and most likely not until expiration.

If you want out of the shares just sell them.

January downloads of Square's (SQ +1.6%) Cash App continue to outpace PayPal's (PYPL +0.5%) Venmo downloads, writes Nomura Instinet's Dan Dolev in a note to clients.
Cash App monthly hew downloads remained high at 2M a month, up from 1.9M in 2018, he said.
Its cumulative downloads stood at about 45.3M as of January, while Venmo is at 41.2M, Dolev wrote.

Riding a couple PNC 124 weekly's with OA. They were one of my two screw ups this summer that cost me (screw up=lesson learned about patience and risk). Let's break out

Ragoo said:

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Aggiesincebirth said:

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Question for the options guys. I am new to this so please be kind.

If I own 300 shares of FB and I am trying to get rid of them and my dollar cost average is 200 but I am willing to sell them now. I wanted to do covered calls and I was looking at this:

Dec 20 $175 strike price $19.10 per contract 3 contracts nets me $5730 it looks like.

Does this mean that if the price hits $175 this week, my shares will be called away and I will have the $5,730 in my account plus the 175 times 300 shares? What are the chances that the contact doesn't get called away until December 20th and I am sitting stagnant waiting?

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your shares would only be called away if they are deep in the money and most likely not until expiration.

If you want out of the shares just sell them.

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If I wanted to unload them but wasn't in a hurry, I would sell weeklies until I was called out.

IrishTxAggie said:

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Ragoo said:

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Aggiesincebirth said:

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Question for the options guys. I am new to this so please be kind.

If I own 300 shares of FB and I am trying to get rid of them and my dollar cost average is 200 but I am willing to sell them now. I wanted to do covered calls and I was looking at this:

Dec 20 $175 strike price $19.10 per contract 3 contracts nets me $5730 it looks like.

Does this mean that if the price hits $175 this week, my shares will be called away and I will have the $5,730 in my account plus the 175 times 300 shares? What are the chances that the contact doesn't get called away until December 20th and I am sitting stagnant waiting?

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your shares would only be called away if they are deep in the money and most likely not until expiration.

If you want out of the shares just sell them.

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If I wanted to unload them but wasn't in a hurry, I would sell weeklies until I was called out.

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I would sell Near the money weeklies.

oldarmy1 said:

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SUM posts earnings premarket and has had a 20% move for its most recent breakout and a 43% move off initial bottom.

Plan accordingly.

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Selfishly I'm hoping it dips a bit tomorrow AM so I can hop in...that big gap up to $24 is really enticing

jayelbee said:

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Any thoughts on SOTU tonight?

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The tweets swing the markets more than him actually speaking. Typically because his tweets are fired from the hip whereas his speeches are actually written out and he doesn't deviate...usually. With that said, I don't think it will have any market effect. He'll go on about the low unemployment numbers, new jobs, revived manufacturing industry, etc. He'll toot his horn and he has every right to. He may say we are close to a deal with China which could be interesting.

gougler08 said:

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oldarmy1 said:

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SUM posts earnings premarket and has had a 20% move for its most recent breakout and a 43% move off initial bottom.

Plan accordingly.

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Selfishly I'm hoping it dips a bit tomorrow AM so I can hop in...that big gap up to $24 is really enticing

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Market makers made it tough to hedge. No $16 options. It's $15 or $17.50 and the stock ranging exactly in between. And people think market makers aren't in complete control.

You technical people know what that is called?

reverse H&S or bearish?

Inverted C&H?

oldarmy1 said:

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You technical people know what that is called?

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Bad news? Penent or falling wedge?

Descending triangles after a volume top. Intraday was the tell that we'd venture lower. When you see that on a daily chart don't be long.

So it predicted accurately a further breakdown intraday, so now if markets manage to reverse that and hit new high the markets will move higher. If not then markets are on reversal watch.

I have to kind of laugh at the technical stuff sometimes. "It's either about to break upwards, or break downwards".

oldarmy1 said:

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Descending triangles after a volume top. Intraday was the tell that we'd venture lower. When you see that on a daily chart don't be long.

So it predicted accurately a further breakdown intraday, so now if markets manage to reverse that and hit new high the markets will move higher. If not then markets are on reversal watch.

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Descending triangle was my next guess

Philip J Fry said:

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I have to kind of laugh at the technical stuff sometimes. "It's either about to break upwards, or break downwards".

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But not if it stays in its current channel.

It may have hit the reversal. I hope. Bounced off of the open

Philip J Fry said:

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I have to kind of laugh at the technical stuff sometimes. "It's either about to break upwards, or break downwards".

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The intraday especially!

The momentum remains on the upside so I give these as simple markers for those positioning hedges more than anything.

CSX breaking out

OA1, are you still holding out till around $1.90 for CSX?

gut feeling SNAP long term oversold headed into earnings. If SNAP does anything productive, it will have a nice surprise gap up IMO. Small entry. Bought 2/22 $7 Calls at .50.

tramaro1 said:

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OA1, are you still holding out till around $1.90 for CSX?

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YES!

oldarmy1 said:

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tramaro1 said:

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OA1, are you still holding out till around $1.90 for CSX?

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YES!

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I sold at $1.20. Damn my impatience!

Philip J Fry said:

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I have to kind of laugh at the technical stuff sometimes. "It's either about to break upwards, or break downwards".

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Intraday technical are constantly in flux. That said the triangle wedge accurately predicted a further intraday drop. Then we had a reverse H&S that clearly got broken leading to the quick bear trap move.

Anyone think we continue upward tomorrow those CSX weekly $69's at around 14 cents look inviting. Risk is we consolidate and the breakout fails.

TEUM a pure double from December 27 to today.

Sometimes you have to just take a 40% day trade. Bought PNC at the bottom sold just now.

tramaro1 said:

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OA1, are you still holding out till around $1.90 for CSX?

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I'm taking CSX off here and buying the cheaper weekly $69's for a lower risk trade. We get a lot of decay if no upward movement tomorrow.