BOOM! 2925 broken on a good candle
We do TA on TA
We do TA on TA
Low IV, high Delta and Gamma on these.oldarmy1 said:Target on these are $2.15+oldarmy1 said:
Bought IWM May 24 $163 calls
That's my market breakout optimism trade.
These are all V completed back to the fall. They have been moving up to top range of resistance sideways waiting for the next major breakout.Rice and Fries said:Low IV, high Delta and Gamma on these.oldarmy1 said:Target on these are $2.15+oldarmy1 said:
Bought IWM May 24 $163 calls
That's my market breakout optimism trade.
How do you feel about the underlying not hitting $163 since last fall? That seems like quite a goal given our previous run this spring.
FTFYUpstateAg said:
If s&p goes positive today, I think there will be ameltdownmeltup. A gloriousmeltdownmeltup.
Can you see it? 2929 now. Explosion move short crush right after 2925. That's why I posted the IWM buy.oldarmy1 said:
BOOM! 2925 broken on a good candle
We do TA on TA
I took that ride with you and I am up over 200% since...UpstateAg said:
I bought some weekly SPY calls. I mean, if it breaks open, awesome. If not, then I'm out fifty bucks.
She is trying...oldarmy1 said:
All we need is a 50% retracement intraday for DE to be in the money
Quote:
The Dow is making a big comeback on news China delegation is still coming for trade talks
"As a general rule, in-the-money options will move more than out-of-the-money options, and short-term options will react more than longer-term options to the same price change in the stock."leoj said:
Learn something new every day. Should have gone further out of the money on my IWM calls to get a higher ROI on the recovery.
Which means we can get whip-sawed if they jerk us around.Prognightmare said:
https://www.cnbc.com/2019/05/05/traders-brace-for-sharp-sell-off-on-trumps-tariff-threat.htmlQuote:
The Dow is making a big comeback on news China delegation is still coming for trade talks
Ah, I know they are above expectations on number of deliveries. Maybe this is where the options come into play.Prognightmare said:
FWIW, NIO reports earnings tomorrow 5/7 (unconfirmed).
Gotta get you above $25kShundere said:
I really want to but don't want to be flagged as a day trader again smh
I'm in the same boat, was going to take my IWM calls off the table but messed around too much last week.oldarmy1 said:Gotta get you above $25kShundere said:
I really want to but don't want to be flagged as a day trader again smh
And this would be called Gamma scalping, no?oldarmy1 said:
Heck I could buy OSTK under $13. Sell the weekly covered call for $1 and buy the weekly $12 Put for $0.60 guaranteeing $400 per 100 shares?
yupRice and Fries said:And this would be called Gamma scalping, no?oldarmy1 said:
Heck I could buy OSTK under $13. Sell the weekly covered call for $1 and buy the weekly $12 Put for $0.60 guaranteeing $400 per 100 shares?
Pay no attention to that ridiculous $20k goal. I want to see it at $50k after we're done.Pignorant said:
Got in DE weeklies at $0.75... exited at $1.30