Prognightmare said:

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I won't be surprised if we go positive today

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Prognightmare said:

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We may get that "flush" at the open that we're looking for, right OA.

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FriscoKid said:

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Prognightmare said:

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I won't be surprised if we go positive today

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No way I'm taking a long position here. No way at all.

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oldarmy1 said:

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FriscoKid said:

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Prognightmare said:

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I won't be surprised if we go positive today

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No way I'm taking a long position here. No way at all.

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Great time for straddles, spreads and such. Look at ADBE. It well have 50 point directional move on either a failure or a rebound. Inflection points are when option combos are THE THING

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Trolley Problems said:

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oldarmy1 said:

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FriscoKid said:

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Prognightmare said:

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I won't be surprised if we go positive today

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No way I'm taking a long position here. No way at all.

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Great time for straddles, spreads and such. Look at ADBE. It well have 50 point directional move on either a failure or a rebound. Inflection points are when option combos are THE THING

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Need to do some reading on that type of options trading. I still don't fully understand the strategy.

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TXAG14 said:

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In at .65 XOM APR 17 37.5 PUT

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NRD09 said:

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gougler08 said:

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I'm very confused on CVET after the earnings they posted 2 days ago

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wow looks primed for a sharp correction this afternoon or maybe tomorrow. Might pick up $10 calls when it starts to flatten out (or before close if it it doesn't)

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claym711 said:

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gig em 02 said:

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claym711 said:

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A lot of bravado about that "Biden bounce"

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Yup and obviously 9/11 didn't have any impact on the market either since the market is higher than it was on 9/10. The idea that news and human psychology play no role in daily market movements is asinine.

I nailed the engineer part didn't I? Must have been my charts telling me that.

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No, I'm not an engineer or TA trader. I am a quant trader and do my best to remove emotion from positions, so you're right in that regard.

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george1992 said:

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Whitetail said:

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george1992 said:

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I'm going to put you guys, gals and in-betweens onto a stock that has made me a lot of money. It is Texas Pacific Land Trust. I'm part of a group that owns around 10% of the company. It trades under TPL. There is a lot of articles on the going ons lately for this company (considering converting to a c-corp, big fight over a trustee position etc). Things have settled down and our group has a representative on the Conversion Committee and that same person will likely be a board member once the company converts to a C corporation.

There is a lot of upside potential in this stock. It has traded as high as $915 recently and is currently trading around $620. There was a bad earnings report Q2 as a result of excessive legal fees. The majority of those fees are now gone and all lawsuits have been settled. The Q3 report was much better and now the stock appears to be back on a upward swing. I think it could hit $900 per share and then $2000 per share at the end of next year. At that point we will diversify away from this holding but still maintain a large position because we feel it can go much higher.

You can find some quick background on this company here:

http://www.tpltrust.com/

There is also a blog that keeps track of the comings and goings with the trust:

https://tpltblog.com/


It is a very lightly traded stock and the price of oil does affect the price of the stock. But its not an operating company is very different from the other mineral trusts out there. They have a water company, own a ton of land and most of the mineral interests of the trust have yet to be tapped.

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22% run since this post...

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TPL continues to climb. Its at 800 so far today. Up 29% since my original post. I'm thinking it will hit $900 before it finds a resting spot until the next earnings release.

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leoj said:

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Trolley Problems said:

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oldarmy1 said:

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FriscoKid said:

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Prognightmare said:

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I won't be surprised if we go positive today

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No way I'm taking a long position here. No way at all.

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Great time for straddles, spreads and such. Look at ADBE. It well have 50 point directional move on either a failure or a rebound. Inflection points are when option combos are THE THING

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Need to do some reading on that type of options trading. I still don't fully understand the strategy.

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Tasty trade is great for this, they have videos for all types of combo strategies.

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oldarmy1 said:

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Prognightmare said:

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We may get that "flush" at the open that we're looking for, right OA.

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We dropped but SPX above 2930 is the key mark. Quick push back above. We have a gap at 3000 now. There are no downside gaps within 1000 points so nothing on that side to measure. The great unkown if we fail.

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McInnis 03 said:

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The Illustrations and explanations at Options Brohelp me to keep things straight.

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McInnis 03 said:

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Oof, seems TDA doesn't let me do Call spreads in the IRA.....this is handcuffing.

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khkman22 said:

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McInnis 03 said:

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Oof, seems TDA doesn't let me do Call spreads in the IRA.....this is handcuffing.

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I think you need higher than Level 2 to sell naked calls and I don't think IRAs allow you to be Level 3 or 4. It's not a TDA limitation.

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oldarmy1 said:

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RUBI/TLRA moved below 50 DMA. Be slow to accumulate as RUBI it could see $8's which puts TLRA in low $9's or below. If you went net free just sit on it. I will likely sell a lot of April naked $7.50 Puts once RUBI comes under $9.


Ebbs and flows of hard runners.

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