Going with the 6/19 SPY 280P @ $18.25 this morning.

IrishTxAggie said:

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I only trade options. If I'm buying the equities, they're long term holds for me 95% of the time. There's really no modification required. You just use the pivots as your entrance and exits and go about like you would with equities. He's trading betas 90% of the time, so when it hits a pivot it's good for a pretty sizable move and you can usually flip the options in 2-5 minutes for over 25%

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Dude, I'm digging the Tahoe. Maybe I need to sign up for PS60Feed

Futures climbing this morning, may open up green

Any plays for non-options traders this morning? I am trying to learn by reading this thread but I am not comfortable doing so just yet.

I was kind of hoping for a flat to red open as an opportunity to buy and get some cash out of the sidelines.

Is the cost of the PS60Feed 40 or 79/ month? There are 2 different prices

It is $79. He upped the price at the beginning of February.

BB675 said:

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Any plays for non-options traders this morning? I am trying to learn by reading this thread but I am not comfortable doing so just yet.

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Take a look at $WORX. Jumped from 2.25 - 9.xx's pre-market. Supposedly going to be bringing in $35MM a week and had a $20MM market cap before announcement. Would like to get some seasoned eyes on this one. Currently trading around Model T at 6.08

https://seekingalpha.com/news/3560067-scworx-rockets-95-premarket-on-order-for-2m-covidminus-19-blood-tests

Y'all think those CX $4.5 4/17 end up ITM this week

Y'all think those CX $4.5 4/17 end up in the money this week?

Massive flip flop by Goldman

CX volume into the open $2.38

YNWA_AG said:

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Y'all think those CX $4.5 4/17 end up in the money this week?

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I'm thinking no...

So I'm new at this and just playing around now that I'm working from home until at least the end of the month.

I was taking a look at OVV that's up +7% in premarket. Do I look at the previous days trading to try to determine the break through points? It appears to me if the premarket price holds the next point of resistance would be around $4.78.

Once again just trying to figure out what to be looking at and time range for one sock that was mentioned last week

yeesh, tough start for the Disney lotto ticket calls this friday.

Watching ABT today. They go ex-dividend tomorrow (not much, but I like collecting them)... Seems like I should be able to get out and in with the bullish trend of that stock. Hoping to get a good price point to get in.

overall--- I'm just key keying in stocks that benefit from the corona virus trend.... Food makers, drug makers, grocers, video game companies, etc... I think that's a great way to mitigate risk in this market.

For those of you watching WYNN, it's down 3.50 at the moment. Looks like the 38.2% Fibb is at 65.2 by my reckoning. 50% would be 61.66.

I jumped on WORX this morning like an idiot...

Every knee shall bow and every tongue shall confess

Which airline stock do you guys like most? I was leaning DAL but UAL looks like it has more upside.

Averaging down on Thursday worked well this time with SDOW. Was able to close out any losses from that last week and now back in the green nicely.

Good indicators on continuation of pullback now but there should be an intraday push upward coming. We have a juicy gap down at $253.32 on SPY & 2538.18. If we hit $270 SPY/ 2660 SPX odds move way up for that to happen./\

BB675 said:

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I jumped on WORX this morning like an idiot...

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Where exactly did you jump on... trading up +1.5 pts from when I replied to you

oldarmy1 said:

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Good indicators on continuation of pullback now but there should be an intraday push upward coming. We have a juicy gap down at $353.32 on SPY & 2538.18. If we hit $270 SPY/ 2660 SPX odds move way up for that to happen./\

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353? on the SPY?

I got in at $6.40 and sold at $6.38. I couldn't handle how volatile it was! Kicking myself now. That is what happens when you don't know what you are doing...

Prognightmare said:

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oldarmy1 said:

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Good indicators on continuation of pullback now but there should be an intraday push upward coming. We have a juicy gap down at $353.32 on SPY & 2538.18. If we hit $270 SPY/ 2660 SPX odds move way up for that to happen./\

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353? on the SPY?

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253.....you know oldarmy fast typing glitches by now.

I know, I just have to poke the whale once in awhile.

Markets trying for that push upward right now. 5 minute charts were all trying to break upward. See if it follows through here.


Net regained its path up.

oldarmy1 said:

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Good indicators on continuation of pullback now but there should be an intraday push upward coming. We have a juicy gap down at $253.32 on SPY & 2538.18. If we hit $270 SPY/ 2660 SPX odds move way up for that to happen./\

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So do you wait for SPY to hit the $270 mark and then buy $253P or do you go in at like $256P to give a little cushion and target selling when SPY his $254 or something instead?

Nope...big wash out to new lows. Day traders trap