Be very wary of the markets. Last major drop began with the capitulation levels and a large squeeze ahead of the bottom falling out.

Small update:
Sold bbby today.
Sold roku 110-124

New short
Tsla under 250
Bynd 100$P for nov.1 (started Wednesday)

New Long
Lyft
And watching oil stocks to start positions.

oldarmy1 said:

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Be very wary of the markets. Last major drop began with the capitulation levels and a large squeeze ahead of the bottom falling out.

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I went ahead and sold a majority of mine.

50% cash right now waiting.

Spy up 100 points in 40 hours. Crazy stuff. Details of any deal could be very disappointing.

Volatility has been wild. Don't think that changes, but I do believe new highs soon.

This close to all-time highs its impossible to know what is about to happen. Go options versus stocks around here. Or at least hedge with a $21 VIX call option...Appears to be the best value for hedge.

On the vix. Would you do next week or two weeks? Was looking at this earlier. Along with some gld calls

badharambe said:

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Spy up 100 points in 40 hours. Crazy stuff. Details of any deal could be very disappointing.

Volatility has been wild. Don't think that changes, but I do believe new highs soon.

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No kidding, right?! That could turn into momentum and new highs or be a huge bear trap. Best to hedge or sit out some and see what's what.

Colt98 said:

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On the vix. Would you do next week or two weeks? Was looking at this earlier. Along with some gld calls

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I went Nov 21's just to see if a further flash move reverse hits. Enter $1.25 and exit at $1. Shouldn't have to exit if it's a reversal Monday

Are we in a classic case of buy the rumor sell the news here?

waiting for details

https://www.foxbusiness.com/politics/us-china-reach-partial-trade-deal-reports


still have all weekend for this to blowup

Aapl 242.5c 10-18 .98


Lotto ticket time

Citadel holdings dumping roku

khaos288 said:

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Citadel holdings dumping roku

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https://www.foxbusiness.com/technology/roku-stock-down-despite-hedge-fund-manager-ken-griffins-new-5-stake

Quote:

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Roku stock rebounded on Friday after RBC recommended the stock as a buy following the investment from billionaire hedge fund manager Ken Griffin's Citadel Advisors revealing a new 5 percent stake in the streaming service on Thursday.

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Sorry misread the tweet

My shares had covered calls against them at 118 to expire today.
I debated whether to buy them back and rewrite next week but figured I'd let them go today, watch what happens on Monday. My cost basis was down to 105, so it puts me in the positive.
Plus, I want to move things from RH to TDA. Few more options running the remainder of October before I can fully move.

khaos288 said:

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Sorry misread the tweet

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Yeah Hidden Pivots was pointing out Roku may dump a bit again soon. I sold today at 123, quite happy with that...will buy back in in the teens next week

Coop down big AH to 9.75

Why?

COOP!

Aggie_2463 said:

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Coop down big AH to 9.75

Why?

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Not a lot selling AH. Likely a one off sale.

george1992 said:

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Aggie_2463 said:

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Coop down big AH to 9.75

Why?

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Not a lot selling AH. Likely a one off sale.

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OA sold his shares? that's a 9% drop AH!

Excellent use of the OA bat signal.

I was sitting at the bid once I saw it. Raised to $9.92 just in case they wanted to keep giving away money.

Fed has real quietly restarted QE. Market needs liquidity that only Fed can provide. Why?

While I don't fight the Fed and 2019 is almost an exact replica of 2013 thus far, there is ALOT to be worried about from yield inversion, fed rate cuts (both of which predate all recessions), trade war, liquidity issues, impeachment, potential for a Warren presidency, market reaction at highs since Feb 2018, etc.

There's too much to consider to make any reasonable prediction other than expecting continued volatility through the next election.

It might be preemptive with earnings season starting next week. They come in lower and guidance sucks, we will selloff hard.

I went cash on Friday with the big Green Day. Sitting on about 45% cash right now.

Imagine that...sell off today and take the last bit of profits that weren't taken Friday. Trump tweets about trade talks going well, the market turns green. Rinse and repeat.

fightintxag13 said:

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Imagine that...sell off today and take the last bit of profits that weren't taken Friday. Trump tweets about trade talks going well, the market turns green. Rinse and repeat.

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It is already coming back. Thinking we'll open flat and see what the day brings us. I think it will be a pretty sideways day.

I'm not expecting much today. It's a safe assumption that the big traders and money managers have the day off.

Think I may Scoop some COOP if it's still in the $9s at open

If you entered VIX or TVIX hedge any flash down sell half to make your hedge a no loss holding to close out of entry price is eclipsed. Fun

https://www.bloomberg.com/opinion/articles/2019-10-13/is-fed-s-bill-buying-spree-qe-does-it-matter

QE melt-up coming?

Sell ratings on ACB....more typical "let's not place a sell rating when it's up at 10,9,8,5 but once its under $4, sure, why not?"

Buying some $4 options out 2-4 weeks on the cheap for a short covering post "sell rating" bottom.

PDD $34C expiring this week - what are yalls plans?