Took the double and called it good. Not bad for a two day trade.
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Last: 5 hrs ago by Heineken-Ashi
4th attempt never made it to 2860.....experience says that might be a sucker move to get sellers watching now that everyone and their dog knows 2860 is resistance. Then a blow up move occurs. See if it happens here.oldarmy1 said:It's where my formula predicted/projected key resistance for bulls/bears.mrad85 said:
What is it about 2860?
4th attempt underway
It is, but I've learned to stop chasing the grand slams and to take the RBIs when it's given to me. I'm going to put some of the profits into the LPSN July calls while it's down and try to average down to $.35
This is a hard hard lesson to learn.CreakinDeacon said:
It is, but I've learned to stop chasing the grand slams and to take the RBIs when it's given to me. I'm going to put some of the profits into the LPSN July calls while it's down and try to average down to $.35
Bought back into weekly 140's
Good moveCreakinDeacon said:
It is, but I've learned to stop chasing the grand slams and to take the RBIs when it's given to me. I'm going to put some of the profits into the LPSN July calls while it's down and try to average down to $.35
Well it was a very expensive education that first two years of learning options...Rice and Fries said:This is a hard hard lesson to learn.CreakinDeacon said:
It is, but I've learned to stop chasing the grand slams and to take the RBIs when it's given to me. I'm going to put some of the profits into the LPSN July calls while it's down and try to average down to $.35
#metooCreakinDeacon said:Well it was a very expensive education that first two years of learning options...Rice and Fries said:This is a hard hard lesson to learn.CreakinDeacon said:
It is, but I've learned to stop chasing the grand slams and to take the RBIs when it's given to me. I'm going to put some of the profits into the LPSN July calls while it's down and try to average down to $.35
cup and handle on the minute S&P. Now or never???
It hit it briefly!
buying puts on spy yet?oldarmy1 said:
cup and handle on the minute S&P. Now or never???
Not yet. You think this ultimately fails. This test and fail can be the greatest shake ploy in the market. Knowing the levels allowed me to take some money off the table and switch out strategies.Ragoo said:buying puts on spy yet?oldarmy1 said:
cup and handle on the minute S&P. Now or never???
I think it breaks resistance ahead of the weekend and then Trump tweets something Pro-American, albeit with Trump rhetoric and futures end up down 20 points next Tuesday morning.oldarmy1 said:Not yet. You think this ultimately fails. This test and fail can be the greatest shake ploy in the market. Knowing the levels allowed me to take some money off the table and switch out strategies.Ragoo said:buying puts on spy yet?oldarmy1 said:
cup and handle on the minute S&P. Now or never???
I do hate the waiting. I've made 3 strategy changes just on NVDA. Sold shares. Bought calls. NVDA jumped up to $154.50 so I sold calls and now I sold naked Puts $152.50. Either own NVDA near $150 end of the week or bank $1800/10 nake puts.
Here we go
I like weekly naked Puts right here. Even if this fails it signals sideways movement through the rest of the week.
MCHP has a gap yesterday to $83 area. I'd be targeting that short term.
In a normal market I'd be all in at this point but I just have zero trust in the China deal, so I'm using naked Puts more. About to switch a few more holdings to take advantage of some reach covered calls combined with naked Puts
I would be all over this, but I just don't have enough equity to hold up funds in the naked puts I would want. One day though...oldarmy1 said:
In a normal market I'd be all in at this point but I just have zero trust in the China deal, so I'm using naked Puts more. About to switch a few more holdings to take advantage of some reach covered calls combined with naked Puts
COST all time high
You'll get there. And the last 2 weeks have been the most difficult week I've had. Go figure. What I was down has been cut in half, so right now my goal is to pull back to neutral and then let some longer term calls pay off on an eventual move upward. I have MCHP June $87's. I want MCHP to close that gap yesterday and I'll sell a covered call out to same period to make shares expendable and use the calls as my opportunity risk.CreakinDeacon said:I would be all over this, but I just don't have enough equity to hold up funds in the naked puts I would want. One day though...oldarmy1 said:
In a normal market I'd be all in at this point but I just have zero trust in the China deal, so I'm using naked Puts more. About to switch a few more holdings to take advantage of some reach covered calls combined with naked Puts
Question.. have DE June 21 145. Up 100% now, but with the extra time would you hold here and look for it to work on filling gap? Not going to lie, I'm still a little shell shock on some of my early sales(qcom,dis). That part of me wants to pull trigger and capture the 100%, but the other believes it looks like a likely gap fill, or very least will test 140.
Good luck today everyone. All of my orders filled and I'm done with the market toady. Gonna go get drunk on a beach and watch women out of my league strut by in revealing bikinis.
CSCO cup formed on the daily chart.
Sell 1/2. Take the net free hold. One bad tweet from Trump will tank DE because DE uses a lot of steel from China in their manufacturing.Colt98 said:
Question.. have DE June 21 145. Up 100% now, but with the extra time would you hold here and look for it to work on filling gap? Not going to lie, I'm still a little shell shock on some of my early sales(qcom,dis). That part of me wants to pull trigger and capture the 100%, but the other believes it looks like a likely gap fill, or very least will test 140.
TEUM broke out above 3 day resistance.
Glad I bought back the covered calls yesterday.
Big volume on DE
$18M buys
$18M buys
RIG up ~5% today...
I've done played that thing 4x from $7.30 range to $7.60+ range. It's seems to bounce there a lot
I've done played that thing 4x from $7.30 range to $7.60+ range. It's seems to bounce there a lot
Now that I can read through data over past week. I learned that my entries were spot on IF we hadn't had the blow up on China. But that is part of a market, so no complaints. Dial back in and get it going.
Still think TEUM is one of the most undervalued stocks on the markets.
$15 is my target price for 2020.
$15 is my target price for 2020.
I've been doing the same with options. When it breaks through it should get close to $10, but in the meantime I'll trade the options on it.Aggie_2463 said:
RIG up ~5% today...
I've done played that thing 4x from $7.30 range to $7.60+ range. It's seems to bounce there a lot
NVDA and MCHP with reversal Harami's if this holds. HOWEVER, it had same pattern that I entered just before the trade debacle, thus killing the confirmation next day.
It be nice if it go ahead and break outPrognightmare said:I've been doing the same with options. When it breaks through it should get close to $10, but in the meantime I'll trade the options on it.Aggie_2463 said:
RIG up ~5% today...
I've done played that thing 4x from $7.30 range to $7.60+ range. It's seems to bounce there a lot
Sold a $82.50 covered call on MCHP shares to complete that rotation of strategy. Have the June $87 calls still with plenty of time for things to shake out, fill that gap and have some momentum.
That top on the S&P was fairly strong and now we'll see if 2860 gets lost.
That top on the S&P was fairly strong and now we'll see if 2860 gets lost.
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