Nice! exactly what I'm looking for...need to pop my options cherry (where's George, he'd appreciate that one)

AYX a really strong name today

BREwmaster said:

---

Nice! exactly what I'm looking for...need to pop my options cherry (where's George, he'd appreciate that one)

---

I've been kicked in the nuts today much like everyone else (except for our mentor). I'm doing a little bottom fishing today. Loaded up on TLRA. SEDG is down 11% today so I picked up some. Slowly adding to my TPL position which has consistently made me money. They should announce very good earnings later this week with oil up through the end of last quarter.

I've got to get a trading portfolio that doesn't need much attention over the next couple of months while I get bogged down in tax season.

I opened a RH account and just put $100 in it. Will see what I can do with it!

Lennar Homes (LEN) is working nicely for me today, despite the madness. They build a ton of houses in Texas, which as you all know is booming. I'm not going to repost the newsletter here, but the argument was strong and seeing it green on a day like today confirms it (the chart looked bullish as well).

Anyone looking to jump in to RIG, CPE or others for a quick swing trade? These stocks are getting absolutely hammered.

https://imgur.com/a/oZ8xqEB

oldarmy1 said:

---

https://imgur.com/a/oZ8xqEB

---

massive volume

What ticker?
EWZ? Picture isn't loading for me.

EWZ

YNWA_AG said:

---

What ticker?
EWZ? Picture isn't loading for me.

---

YES.

still crazy volume on 170 BYND. How is that possible?

4244 volume.

What is the advantage going out to 170 for .75 instead of the 150 for 1.65. Risk seems so great.

If that happens.... (gif that would get me banned)

Hop in EWZ?

Pignorant said:

---

Hop in EWZ?

---

i said yes. follow the money. I think oa picture was showing you the money.

jumped in EWZ myself - my first ever option.

SDC has a load of puts that expire this friday -- bulk of them are 12.50 and under. That could provide a little juice to get to 14!

oldarmy1 said:

---

EWZ Feb 21 $47's

Watch macro market and towards end of day if no sell off then in it we go.

---

Just curious for educational purposes... would you consider the way it closed to be a sell off? If so, does the high volume offset your macro concerns?

IrishTxAggie said:

---

Ragoo said:

---

IrishTxAggie said:

---

Once the media sensationalism wears off on the Coronavirus, I'm loading up on WYNN.

---

Chinese will be itching to gamble

---

Absolutely! They're huge on the superstition and they'll be thinking they're lucky as all hell if they dodged the Coronavirus.

---

what about LVS? weeklies got destroyed today, they report earnings after close wed

Be careful, crushing earnings is in the past, the street will price them based off what they'll do going forward. If they say they're concerned about traffic dropping, they could take a serious hit. JMO

appreciate it, I know better than to play earnings without a couple weeks of safety cushion, just need to be reminded once in a while

Tsla shorts have mostly thrown in the towel. Going to have to stand on its own two legs now.

leoj said:

---

Tsla shorts have mostly thrown in the towel. Going to have to stand on its own two legs now.

---

in other news ROKU short interest builds again, highest in a year..... squeeze coming?

EWZ -- no, it looked all good into the close, just a slight dip at the end of the day, very minor...looks like less than 1% dip even. .5% roughly.

EWZ is not really an option you buy. You want to sell spreads, call and put, for income. You can sell these out 30-45 days and the odds are you will profit off of decay.

right, sorry if I used the wrong terminology, I'm not holding it, looking to sell it when it runs up.

heads up to all in here, a huge buy came in on $SPY puts at close - 581k worth at 320, but also a 210k bet on 330c (maybe as their hedge).

BREwmaster said:

---

right, sorry if I used the wrong terminology, I'm not holding it, looking to sell it when it runs up.

heads up to all in here, a huge buy came in on $SPY puts at close - 581k worth at 320, but also a 210k bet on 330c (maybe as their hedge).

---

if you bought the call you bought it to move up in price. EWZ historically doesn't move quickly, meaning you can lose money in time decay. EWZ is a favorite of option spread traders because they can put on positions out 45 days and win over the long haul because of that decay.

several in here are following OA on the trade, so hopefully it works out. The volume as OA pointed out was crazy high for the 47c on 2/21. If it doesn't pan out, no big deal, I only bought 1 contract

Anyone looking at INO ?

https://www.prnewswire.com/news-releases/inovio-selected-by-cepi-to-develop-vaccine-against-new-coronavirus-300992131.html

I bought some 2/21 5C for .28, are they doing well? Did they have a good earnings sales?

Ragoo said:

---

BREwmaster said:

---

right, sorry if I used the wrong terminology, I'm not holding it, looking to sell it when it runs up.

heads up to all in here, a huge buy came in on $SPY puts at close - 581k worth at 320, but also a 210k bet on 330c (maybe as their hedge).

---

if you bought the call you bought it to move up in price. EWZ historically doesn't move quickly, meaning you can lose money in time decay. EWZ is a favorite of option spread traders because they can put on positions out 45 days and win over the long haul because of that decay.

---

I think the thought is that there are some big players bullish on Brazil that will be trying to find a quick new home for billions of dollars.

gig em 02 said:

---

I bought some 2/21 5C for .28, are they doing well? Did they have a good earnings sales?

---

. I'm a newbie so I don't really know what you wrote there. :/

The stock was up about 25% today though.

Unnamed Source said:

---

gig em 02 said:

---

I bought some 2/21 5C for .28, are they doing well? Did they have a good earnings sales?

---

. I'm a newbie so I don't really know what you wrote there. :/

The stock was up about 25% today though.

---

2/21 = option expires February 21, 2020
5C = option to buy the stock for $5
.28 = purchase price for the option (But you have to buy them in packs of 100)

Be careful in this thread if you are a newbie, there is a ton of good information but applying that information to your specific situation requires some independent analysis. For example, OA posts a ton of good trade ideas but in some instances he could be looking for a quick 5% gain. I don't have a big enough stack to jump in those plays, so I try to stick with the bigger movers like NIO.

Good luck!

Thanks!

I am trying to pick this up. Its hard even after going back to the beginning and then picking my way through the thread as I can find time to do it.