Exsurge Domine said:

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I got annihilated today. Still up about 6k but a 2k punch in the nose.

I did pick up 7k of Wynn options Jan expy, 45 strike for only $16 though. I feel good about that

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How's that learning ont he fly working? I think that was you that said that a while back. Have you checked out the tasty trades site yet?

Good luck and stay safe!

12thMan86 said:

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Exsurge Domine said:

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I got annihilated today. Still up about 6k but a 2k punch in the nose.

I did pick up 7k of Wynn options Jan expy, 45 strike for only $16 though. I feel good about that

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How's that learning ont he fly working? I think that was you that said that a while back. Have you checked out the tasty trades site yet?

Good luck and stay safe!

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It's not going too bad. I've made a decent amount of cash on my 10k initial investment. Really hoping I have a couple of homeruns with June and December calls which are already decently green.

Haven't checked any sites yet just trying to intuit it myself

I like the idea of buying leaps on solid tech stocks later on in summer if we have retested lows and/or implied volitility has died down.

Would it be crazy to buy OTM leaps on a 3x tech ETF like TECL ?

I understand time decay, but not really anything else on leveraged ETF options. Is that a very stupid idea??

claym711 said:

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Neither are. You're using weekly MAs and fib levels. Fib levels are chicken bones. Throw em in a fire with some dragon blood and make a prediction. It's a retail attempt to read support/resistance levels and it's often wrong. Backtest it.

2640 is a big level but not because of fibs.

2470 is nothing. It's a meaningless Fib level. It's not far from POC so if using it to swing trade, ok.

2370-2380 is support test.

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2630-50 is along the long uptrend line that has supported the bull market for 9 years and is now big overhead resistance. Also the 200wkMA area which has supported every downdraft in the bull until a month ago. Very important resistance at this time. This market goes no where until that uptrend line and 200wkMA is penetrated and acts as support again. It will more than likely going to be awhile before that happens. 2450-70 has been support for the last three days. Every attempt to go through has been met with buying and then selling at every attempt to break through 2520-40. The last three days has had higher highs and higher lows. Those 3 day trend lines have provided resistance and support for the very short term. Slowly trending up to close the gap to around 2580.

Which gap are is going to be filled first, the gap up to 2580+/- or the gap at 2300-2350 area. Both will more than likely be filled in the next week or so.

Every knee shall bow and every tongue shall confess

5,6,3,1,4,2

Berkshire sold a bunch of DAL and LUV

wasnt he bearish just a few weeks ago

hedge_zer0 said:

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she isnt last because shes black, shes last becuase shes the least attractive to me. put stacey dash in that lineup and she would be #1

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That's like picking the least attractive between a Shelby GT500 and a Corvette Z06.

https://texags.com/forums/16/topics/3104519

Have you heard anything about this or is it bs? TIA

I know, jk. My ranking is same as yours.

im gonna go cry now

They all need some sandwiches.

https://news.trust.org/item/20200403223311-8d709

Airlines lining up to apply for bailout. American, United, Southwest...

Prognightmare said:

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https://texags.com/forums/16/topics/3104519

Have you heard anything about this or is it bs? TIA

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It hasn't been brought up on the various calls I'm on daily about COVID-19, but I also work on the downstream side and so I wouldn't be the first to hear

We've already implemented a bunch of testing before anyone heads out to rigs and I assume there's further testing of anyone that has any sickness on the rigs. I'd be pretty surprised if Trump went that way after being pro oil and trying to work on the Saudis just a couple days ago

Thanks, that's what I was thinking too.

Hearing rumors about Oil going to drop again. Something about Putin refusing to cut if the US doesn't.

Anyone hearing things as well?

gougler08 said:

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Prognightmare said:

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https://texags.com/forums/16/topics/3104519

Have you heard anything about this or is it bs? TIA

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It hasn't been brought up on the various calls I'm on daily about COVID-19, but I also work on the downstream side and so I wouldn't be the first to hear

We've already implemented a bunch of testing before anyone heads out to rigs and I assume there's further testing of anyone that has any sickness on the rigs. I'd be pretty surprised if Trump went that way after being pro oil and trying to work on the Saudis just a couple days ago

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I work in Wells at a major. We are still Drilling/Completing in Permian, GoM, the ME, etc. If some activity is getting shelved this year its due to CAPEX reductions that were promised to capital markets because of oil prices (so yes, I guess because of COVID). On-site, we are just taking the crew's temperatures, and signing COVID disclaimer forms. Social distancing doesn't really apply to us at the well-site.

There is close to no one lending to upstream dev, A&D is a grave yard, and that was the case before COVID.

FAT SEXY said:

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Just reminding yall to keep an eye on Energizer.. That stock price is getting cheapppp.

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I'm a bit concerned investing in any company with high debt levels. If this goes on longer those companies will be less able to bounce back and quickly and also have more downside risk IMO. Energizer's debt makes them unattractive to me. Not to say they won't be a great investment, but there are so many good deals out there right now I think I can get my money in better spots and still have big upside:

What is the consensus on airlines? Buy now or when? Which airline? How long to recover?

I like LUV but is this the point to enter?

Thanks