topher06 said:

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Not saying no, but I think talon is an energy attorney. Nothing wrong with that, but I think timing the market is a guess in this case.

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Yep, I'm pretty much following this thread a guessing. I'm still learning how to trade so my picks have been more luck than actual analysis. I've been trying to "walk" the call/put spreads so as the price drops, I scoop up calls on the way down, then sell the calls as it comes up and use the opportunity to buy puts. So it's like a drunken walk.

And yes, I'm an energy and transportation attorney in Pittsburgh and work for a Midstream company.

Listened to the podcast. Discussed is what most of us feel. Chase interview acted as if the worst is over. The guy she interviewed mentioned 6-12 months out. Only reason for upticks in market are deals being Russia/KSA or cases go down or cure is found.

I will be buying back all sales in the early morning hours if still down heavy. I don't see a further drop right now. This is market fog of war IMO.

I sold ADBE even though I didn't want to. At $125 I was tempted but when it shot over $130 I had to take it. I held ROKU and sold a covered call on 35% of shares. Looks like I'll buy those back for a decent partial offset as ROKU will likely retest lows, even as other stocks don't.

This doesn't seem like the end the bubble, the workd economy was about to accelerate when the virus kicked in.
Maybe Trump is pulling out all the stops because , well that talk is for the politics board.

it does feel like 80's soon for ROKU and maybe 7's for TLRA. I thought DIS would drop more, but maybe it will still yet.

Main idea for trading now:

Things I'll be buying:
GME (beautiful double bottom)

BBBY (almost double bottom/cash on hand and high short interest)

Time to pull trigger on airlines ? Or too late ?

hedge_zer0 said:

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Time to pull trigger on airlines ? Or too late ?

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I did today, I don't think it's too late. There at 5 yr lows.

United ? Delta ?

PDEMDHC said:

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Listened to the podcast. Discussed is what most of us feel. Chase interview acted as if the worst is over. The guy she interviewed mentioned 6-12 months out. Only reason for upticks in market are deals being Russia/KSA or cases go down or cure is found.

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Hearing the same from several traders. There was only one holdout that was saying he wanted to see a few things before buying back in. As of this morning, he feels the worst is over.

For bottoming on Monday, he mentioned the S&P 500 at a major support level, the fifth 90% down day in 3 weeks with an extreme spike in put protection. He said that while new lows were made, they were made with less downside momentum than the 2/28 low based on RSI indicators.

As for the bounce yesterday, he liked that we closed above the lows of 2/28. We had 81% of stocks trade higher, with 89.7% volume and 95.5% of the points traded coming in on the upside using Lowry's Operating Company Only data. It isn't perfect, but feels pretty good with it.

Would love for the VIX to get below the 20-day exp. moving average and if breadth can show major improvement to feel great.

SUMMARY: thinks the worst is likely over, and reward is now greater than risk, but not a full, bright green light.


I don't really know what RSI, breadth, etc mean, but wanted to type it correctly to help those that do.

OA when you say you're buying back all sold, what's your cash position?

Why would HCA, our largest hospital chain, be 20% down? Most of their revenue comes from occupied ICU beds.

SPY at 279

claym711 said:

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McInnis 03 said:

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Harkrider 93 said:

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For you call purchasers, I read this as well:

Since 1952, when the 5 day trading week began, there have been 9 prior Monday drops of 5%+, and the index has risen by at least 2% the following day every time.

Not much of a prediction given what futures are showing us, but maybe it will help those that don't listen to OA when he tells you to follow the Model T.

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really coulda used this at 245p yesterday.

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This data is wrong.

Have to be careful what data you trust. Today was extremely high odds to be down from open and good odds to even cover this gap.

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I am not sure I understood what you said.

The facts came from Bespoke who are highly reputable. What part of what you bolded was wrong?

I think I knew what you meant by odds were extremely high of being down, but then missed on the good odds to over this gap. Does that mean most likely we were going to be down on Tuesday, but there is a decent change we go up to fill the gap? In a way, we did do both.

leoj said:

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I bought this end of december. They own a lot of online gaming in China with the CoD mobile game franchise. I think with everyone holed up, this will only help them.

IrishTxAggie said:

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For you SDC people

SDC 7/17 7.5C. $250K $1.25

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Someone knew...Up ~.70

SPY at 278...

SPY at 277

Gap down after yesterday's gains seems pretty bearish near term, to state maybe the obvious? Do we go red to green somehow?

Someone help me out here. With a known factor like RUBI buying TLRA for 1.08x(RUBI) share, and TLRA is discounted heavilly right now at 7.80 vs RUBI's 7.89, wouldn't it make dumb sense not to load up on TLRA to get the free 8%?

leoj said:

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Gap down after yesterday's gains seems pretty bearish near term, to state maybe the obvious? Do we go red to green somehow?

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Not necessarily a full red to green, but the value is to the upside most likely. When you have giant gaps, the value is usually to the counter.

IrishTxAggie said:

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leoj said:

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Gap down after yesterday's gains seems pretty bearish near term, to state maybe the obvious? Do we go red to green somehow?

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Not necessarily a full red to green, but the value is to the upside most likely. When you have giant gaps, the value is usually to the counter.

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Strangles continue to play it seems, sell the gains for your puts this morning and buy calls on the hopefully short term upside

Any thoughts on going long on some natural gas stocks while they are down here....CRK? RRC?

McInnis 03 said:

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Someone help me out here. With a known factor like RUBI buying TLRA for 1.08x(RUBI) share, and TLRA is discounted heavilly right now at 7.80 vs RUBI's 7.89, wouldn't it make dumb sense not to load up on TLRA to get the free 8%?

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Looks liek that door shut, the opportunity has passed.

They're pricey but some longer term calls on TTD will mint you a ton of cash by Christmas. I just don't have the dry powder to capitalize on it.

Hope nobody was holding SNSS

Stop loss raid...easy flip at these levels, will double again before long.

sellthefarm said:

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Any thoughts on going long on some natural gas stocks while they are down here....CRK? RRC?

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Better quality stocks in others sectors on sale right now that aren't in O&G imo.

Going to try a strangle today. Will buy 270 puts at 282 levels, and will buy 285 calls at 276 levels, and sell the opposite.

BREwmaster said:

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Stop loss raid...easy flip at these levels, will double again before long.

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Bout to re-enter. Damnit went from $0.55 to $0.60 before I could enter it on my app lol

Got in SNSS at .54, Wells fargo downgrade has really pounded this. Is this a model T play?

khaos288 said:

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Going to try a strangle today. Will buy 270 puts at 282 levels, and will buy 285 calls at 276 levels, and sell the opposite

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What expiration are you targeting on these? 3/13?

McInnis 03 said:

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Got in SNSS at .54, Wells fargo downgrade has really pounded this. Is this a model T play?

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OA would say yes. So I'll definitely say model T. I am already long, but added some trading shares at .50. Those that sold half in the .70's, could make a little cash here while it rebounds. Data will send this back over $1 -- institutions want more cheap shares! they know what they have here.