Haha what a close!

That was insane. Guessing those cheap calls mentioned earlier are going to do well.

What happened to juice the market up so much right at the end?

ZM had a massive dip today. I took advantage of that and went with 3/20 120C.

claym711 said:

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YNWA_AG said:

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I feel like this tweet is a good sign

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The CDC not testing anywhere and recommending against masks feels like panic control.

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Because the social media infodemic has induced absurd panic and overreaction

Wow...

pfo said:

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What happened to juice the market up so much right at the end?

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They knew I was going to go value hunting over the weekend and beat me to the punch!

2 of my option expiration calls I thought were toast went into the money. Thank you!

leoj said:

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Wow. They ****ing wrecked me into the close. Should have taken my chips off as we got near 288.

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I sold mine down at 289.50. Then rolled into a smaller position of 3/4 $275p 4 minutes before the close as my hedge for the weekend. The weekend isn't off to a great start haha.

oldarmy1 said:

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Those $310 SPY calls gonna be one of my largest % gains if this press means a gap up run Monday.

Please no one die!

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The capitulation moves on this market are going to be epic.

Was busy most of the afternoon but ended up keeping my buys from earlier. Crazy finish. So I'd think Monday is either a massive gap up or down based on weekend news as you all are saying. My 275 puts tanked and my 310 calls doubled. Fun stuff.

Uh SNSS just blasted to 0.985...

Should also say that all my buys today for Monday SPY options totaled about 50% of my GAINS from overnight trade that was +455%.

Thanks again to OA for all the lessons. It has saved me this week. Trading account up 20% on the week. Only stock I'm still holding for trading is NIO. Plan to sell covered calls on all shares if we get a major explosion early next week back up to 3150-3200 range.

Highest reading I have ever seen back through 2008.

Next highest were 3/10/2009, 3/18/2009, 5/26/2009, 5/29/2009, and 10/4/2011.

Edit: Found 3 others. 5/29/2009, 8/9/2011, 10/4/2011.

Day after moves like that, gaps range from -2.1% to +1.7%, 7 of 8 are gap up. Long from open day after only 3 of 8 end in profit.

Range Monday will be very large.

Aggie_2463 said:

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Uh SNSS just blasted to 0.985...

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SNSS was definitely a pleasant surprise when I open my TDA app a few minutes ago. I really hop it rips next week as another poster stated.

Bought FB about an hour before close and am happy.

I expect a coordinated announcement of global financial support over the weekend from various central banks, including a rate cut at the FED plus additional measures of shadow QE support.

I expect a Monday that is green as green can be. But I still think we correct more as global spread is going to cause a significant pullback in consumerism in the near term.

I'll sell my FB stock Monday. But I'll buy it back again when it eventually drops to $160 per share. Global consumption is going to transfer to digital this year more than ever as people remain home. FB will be a hub for communication between users as well as connecting buyers and suppliers of retail goods. Also, with no twitter political advertising, I expect $1.75 Billion to be spent on political Facebook ads from now to Election Day. That's 100% profit given current scaled expenses.

claym711 said:

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Highest reading I have ever seen back through 2008.

Next highest were 3/10/2009, 3/18/2009, 5/26/2009, 5/29/2009, and 10/4/2011.

Edit: Found 3 others. 5/29/2009, 8/9/2011, 10/4/2011.

Day after moves like that, gaps range from -2.1% to +1.7%, 7 of 8 are gap up. Long from open day after only 3 of 8 end in profit.

Range Monday will be very large.

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That move had to be PPT, in my opinion. There is no one else that could coordinate such a move in last 15 mins into the weekend close.

aggiedaniel06 said:

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I just wanted to share some knowledge with the board.

I have traded RCL puts for massive profits this past month. To show why I decided to exit them today:
First chart is the 30 min interval, 1 month chart. See the big volume buying this morning which is different from the drops every other day?
Second chart is the 5 year, weekly interval. See those huge volume bars at $70 and $75.

Based on those two, I figured today was the day to get off the PUTS ride. This the method behind the madness.

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This worked out like a dream! The PUTS I closed at $13 yesterday are down 75% today.

Even though most names were down yesterday and today, RCL is up 4.5%.

The market's big move up in the last 30 minutes was shorts covering because they didn't want to be short over the weekend.

At any point, central banks can hit the world with a bazooka of liquidity. Already the March Fed meeting is being handicapped with a 100% chance of at least a 0.25% rate reduction and a 94% chance of a 0.50% interest rate reduction.

Next week has to bring some price discovery to get some ranges set up similar to 2018 prior to the December sell off. They will likely be big ranges but that will bring a little bit of stability regardless. If not then this will end up being a historic flash crash.

just bought SGMO.

Shares soared based on a deal Sangamo just made with January pick Biogen (Nasdaq: BIIB) to license up to seven experimental drugs that use its zinc finger technology. Under the deal, Biogen will pay Sangamo $350 million up front. That's about how much Sangamo's market cap has risen.
But there's a lot more to the deal than the upfront payment. Sangamo is also eligible to receive up to nearly $2.4 billion in milestone payments and trailing royalties on two named drugs, as well as on earlier, undisclosed drug candidates. In other words, there's more future upside for investors...
As we said when we first recommended Sangamo, it has a monopoly on its zinc finger gene therapies. There are other gene therapies... But this is a unique approach that's used in nature.
Sangamo had poor results in one human clinical trial in 2019, so it redid its core chemistry to strengthen the backbone of its zinc fingers. It's hard for us to assess the changes as outsiders. But Biogen has assessed the new zinc fingers, and it gave Sangamo $350 million in cash!
Specifically, Biogen went after Sangamo's tau drug a zinc finger that can stop production of excess tau in the brains of Alzheimer's patients, or other closely related tau diseases. Biogen's own antibody failed to stop tau in a hereditary disease called progressive supranuclear palsy ("PSP").
Biogen has also licensed antisense drugs from Ionis Pharmaceuticals (IONS) to try to stop tau, but as we mentioned in last month's issue, that requires repeated, painful, and dangerous spinal taps. With Sangamo's new drug, only one spinal tap is needed.
The second experimental drug that Biogen just licensed from Sangamo stops (or slows) a protein called alpha-synuclein. It might make some difference in late-stage Alzheimer's disease, but it matters a lot for Parkinson's disease. That's the core market Biogen would use it in.
Biogen might also be seeking a candidate zinc finger drug to target TDP-43. This protein helps drive Alzheimer's disease, as well as Lewy body dementia and frontotemporal dementia.
For now, all three new drugs are not in the clinic, so each has less than a 10% chance of success. So maybe Wall Street is right that the Biogen deal is only worth its cash value for Sangamo. But if the drugs do work, it will be great for patients and investors.
Given all of this, we've moving Sangamo from a "hold" in the model portfolio to a "buy."

Tree Hugger said:

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SNSS was definitely a pleasant surprise when I open my TDA app a few minutes ago. I really hop it rips next week as another poster stated.

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Tuesday at 10 est they present at the 40th annual Cowen Healthcare Conference... I may sell some before if it continues to run leading up to it. Lots of price manipulation the past couple days, not much real selling. Not sure if they'll announce news on 400mg data, but that should be the kicker ($2+ a share).

khkman22 said:

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SPY 3/13 315C is at little over 1/4 the price of a 3/6 260P. Premiums for any put right now are sky high. If anybody wants a lotto play, find a call strike and expiration you like. Seems like everyone is being suckered in to the put side and there's going to be news over the weekend that gives us a green Monday.

I don't have any positions in SPY right now. I just don't comfortable with the put premiums to want to follow the general sentiment.

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Calls were about $1 when posted, spiked to $2.5 at the end of the day.

oldarmy1 said:

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57 trades today. Most this year.

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no one here believes you.. screenshot of your (full) account or it didn't happen...

Boat Shoes said:

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oldarmy1 said:

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Those $310 SPY calls gonna be one of my largest % gains if this press means a gap up run Monday.

Please no one die!

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I bought the 3/6 300c on spy 10 min after hours. The internet sucks here in Cancun

"Would be?" WTF?

leoj said:

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khkman22 said:

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SPY 3/13 315C is at little over 1/4 the price of a 3/6 260P. Premiums for any put right now are sky high. If anybody wants a lotto play, find a call strike and expiration you like. Seems like everyone is being suckered in to the put side and there's going to be news over the weekend that gives us a green Monday.

I don't have any positions in SPY right now. I just don't comfortable with the put premiums to want to follow the general sentiment.

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Calls were about $1 when posted, spiked to $2.5 at the end of the day.

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I bought a total of 100 after posting that. I left my balls at home today.

wessimo said:

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"Would be?" WTF?

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Haha this is like taking gambling advice from someone who doesn't have the balls to put their money where their mouth is. Would be? What's stopping you Eric?