Every knee shall bow and every tongue shall confess

oldarmy1 said:

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Go NET

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You're in the 5/15 $25C, correct?

Yes. his entry though was below 1.60

Sitting at 1.85 now

leoj said:

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Just saw that come across cheddar and hopped on

oldarmy1 said:

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1.4 B buy side at the close on SPY

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Woah

Let that be a sign for monday!

NIO with a bullish close over 3.75. I like it for a run up over 4 next week. Maybe even a squeeze up to 5 in the near future would be nice for us long term holders. Lots of positive news lately.

oldarmy1 said:

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1.4 B buy side at the close on SPY

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Sold my SPY 290C for $2.44 at 3:56, they waited for me and cranked it to at least $3.20 after close

So, who is buying shares at these levels and why? The P/E multiples are at all-time highs.

Edit: nevermind, mine was a totally different strike.

I sold half my SPY calls for next week right before the closing bell too

Almost everyone it seems. And where else is there to put money?

Apparently. Overall volume is getting lower, disconnection from bond market, most price lift driven by overnight gaps. Bullish percentage index is weakening. I'm sure the overnight crowd will push higher next week - 2950+ on momentum. Probably not enough frustration for a rug pull yet, feels we are getting closer, at least a retrace to ~2650

$30,000 Millionaire said:

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Apparently. Overall volume is getting lower, disconnection from bond market, most price lift driven by overnight gaps. Bullish percentage index is weakening. I'm sure the overnight crowd will push higher next week - 2950+ on momentum. Probably not enough frustration for a rug pull yet, feels we are getting closer, at least a retrace to ~2650

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We have all been saying a retrace is imminent and yet here we are still pushing up. I agree that it should, but technical trading seems out the window right now

george1992 said:

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I bought some smaller casino stocks after your post yesterday about the NV gaming commission. Am up a solid 10%. Wouldnt have even know this type of information without seeing it here. I think there is a lot more upside. I bought ERI and GDEN. They seemed to still be down more than the others and are primarily in NV.

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Thanks! Those two would appear to have more risk of failure, which is why they are still down so much. But I like the upside here, especially as a short-to-medium trade after these announcements and the excitement of opening back up.

gougler08 said:

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$30,000 Millionaire said:

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Apparently. Overall volume is getting lower, disconnection from bond market, most price lift driven by overnight gaps. Bullish percentage index is weakening. I'm sure the overnight crowd will push higher next week - 2950+ on momentum. Probably not enough frustration for a rug pull yet, feels we are getting closer, at least a retrace to ~2650

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We have all been saying a retrace is imminent and yet here we are still pushing up. I agree that it should, but technical trading seems out the window right now

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If there are not fundamentals (I think we all agree on this) and if there are not technicals, what is there??

I'm kind of on the other side. There was probably a belief that our market couldn't fall as fast as it did (outside of a war). I think people now underestimate how fast it can recover. I am not an optimist, i'm typically called a pessimist though i always said realist by effort.

When things are bad and bleak you put your head down and fight. You gain a foot an inch today maybe lose some ground tomorrow. But you fight because that is all you can do. There is no end in sight and in the back of your mind you know you could easily fall back fast. But then things start breaking in your favor. You have that one day in which you gain 10 yards. You have those big gains that make you realize there is no new normal but things are going to get back to normal.

Items i am hopeful of that will shape this:

• Return of people to churches. People need their spiritual nourishment
• Return of nationally televised sporting events
• Return of school
• First football game with a crowd
• Small business taxation reform
• Regulation reform
• Disneyland opening back up
• youth sports returning

Once more and more everyday things start becoming everyday again you will feel like you never missed a beat. Now i'm not expecting to reach the highs pre covid in 2020. But i'm optimistic of a base around 25,5 or 26 for DJIA.

if NVDA gets over 316 next week, could rocketship like some of these other tech stocks have done this week.

There has been huge call buying all week and especially yesterday/today for 860/870 next week. Those puts I posted earlier obviously went to zero, I think people were hedging against his joe rogan appearance possibly.

Exsurge Domine said:

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Can't believe I sold BYND for a double, when it would be a 5 bagger now. Learned my lesson

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Nothing wrong with taking profits. I'm guilty of this thinking too. There's always the flip side where selling at 50-100% return was the top.

Lavender Gooms said:

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Exsurge Domine said:

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Can't believe I sold BYND for a double, when it would be a 5 bagger now. Learned my lesson

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Nothing wrong with taking profits. I'm guilty of this thinking too. There's always the flip side where selling at 50-100% return was the top.

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Im kicking myself because I'm an idiot. I'm so used to buying large outside the money options that I was so worried about the decay slamming the premium that my only thought was "get out with your double as soon as the market opens". I didn't stop to think that with a deep ITM call, it wouldn't have been an issue

CADE slammed in after hours down to the bottom of the box. Buy in AH?

texagbeliever said:

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CADE slammed in after hours down to the bottom of the box. Buy in AH?

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Think it was just one of the weird bid/ask spreads in AH trading. Seems it's already back to flat on nasdaq.com

https://www.nasdaq.com/market-activity/stocks/cade/after-hours

$30,000 Millionaire said:

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gougler08 said:

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$30,000 Millionaire said:

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Apparently. Overall volume is getting lower, disconnection from bond market, most price lift driven by overnight gaps. Bullish percentage index is weakening. I'm sure the overnight crowd will push higher next week - 2950+ on momentum. Probably not enough frustration for a rug pull yet, feels we are getting closer, at least a retrace to ~2650

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We have all been saying a retrace is imminent and yet here we are still pushing up. I agree that it should, but technical trading seems out the window right now

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If there are not fundamentals (I think we all agree on this) and if there are not technicals, what is there??

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FOMO, Fear of Missing Out:

This is a powerful emotion, especially for those that waited to buy way after December 2018.

TINA, There is No Alternative:

With rates at damn near zero, equities are the only place to find growth for people that can't invest in land.


These, with the fed liquidity, are what's driving this market. Technicals actually are breaking out, but are a little overextended. Trade the peaks and valleys to profit. JMO

Prognightmare said:

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$30,000 Millionaire said:

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gougler08 said:

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$30,000 Millionaire said:

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Apparently. Overall volume is getting lower, disconnection from bond market, most price lift driven by overnight gaps. Bullish percentage index is weakening. I'm sure the overnight crowd will push higher next week - 2950+ on momentum. Probably not enough frustration for a rug pull yet, feels we are getting closer, at least a retrace to ~2650

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We have all been saying a retrace is imminent and yet here we are still pushing up. I agree that it should, but technical trading seems out the window right now

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If there are not fundamentals (I think we all agree on this) and if there are not technicals, what is there??

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FOMO, Fear of Missing Out:

This is a powerful emotion, especially for those that waited to buy way after December 2018.

TINA, There is No Alternative:

With rates at damn near zero, equities are the only place to find growth for people that can't invest in land.


These, with the fed liquidity, are what's driving this market. Technicals actually are breaking out, but are a little overextended. Trade the peaks and valleys to profit. JMO

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This is the part I am struggling with. All of the profits are being made in AH and there's too much risk to stay in overnight or through the weekend, as it feels inevitable it will go down.

Is it normal for the AH to shift the market this much? It's crazy how flat the open hours are in comparison. There's pretty much no reason to day trade at this point.

I'm always long a majority of my portfolio, that is, most stays in stock and etf's through it all.

I move a significant portion into cash waiting for better opportunities, but I know I can't predict and don't want to make that play with my entire portfolio.

As for the trading side, I think it makes the most sense to just go with what the market is giving you and not to fight it. As much as I feel this is turning into a massive bubble, I'm not going to place all my money on that bet trying to get maximum gain at the right precise moment. Instead take calculated risks with calls as the market moves up... and when it turns south ride it down switching to puts. Obviously you can place some hedges in there for protection.

Maybe this isn't the most sophisticated way to go about it, but I feel like that's the safest way to try and get a little extra alpha.