Noob question here. I bought 3 6/19 $30 BJs yesterday for $1.20. I have an order to sell 2 at $1.80 to go bet free on the third. Am I missing something in thinking that it would be better to sell 3 6/19 $35 BJs for $0.30? I'm thinking that this would:
- reduce the cost basis by 25%.
- put me at risk of getting called at $35, from which I net $1230 over the $270 cost basis.
- potentially call the $30 without getting called on the $35, at which point I'd probably just try to sell everything to close.

Am I missing a big red flag?

IR in straight plunge mode

No wicks at all, straight solid red body

So I just bought back SPY against those $283 Puts.

Prognightmare said:

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Aggietaco said:

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Has anyone seen anything re $DFS? They are down 22% from a 4/29 recent high and down 12% from 5/8.

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The chart on DFS looks bad at the moment. If the market turns lower for a week or so, it looks like $30 can print.

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Just imagine what their charge offs are going to be for their credit cards.

TD Ameritrade will not let me buy ZEST either as a market order or as a limit. Any idea why?

Didn't think I would get a chance to buy more Ford stock around $4.30 (avg price), but it may be possible this week. Broke thru the $4.80 support with somewhat ease, next support is around $4.30. Now I have to question if I actually want more...

Prognightmare said:

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SIG on my buy list if it prints $7.50

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So I jumped in way too early. Anchored VWAP support line I drew shows me around $8.50 is a super important line to watch right now. I have July calls, I shouldn't worry, but I will.

Cost myself a quick double by getting shaken out on ROKU puts, but played fb and NVDA puts after they stalled.

overrun on the key 2829. Need a snap back right here or else this becomes a broken trend.

RUBI - $5.46

ugh

Uh, this is getting really interesting

Every knee shall bow and every tongue shall confess

Spaceship said:

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TD Ameritrade will not let me buy ZEST either as a market order or as a limit. Any idea why?

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Could it be because it's an OTC? I have to call to buy stock on OTC every few years if I don't use it and had to call the first time to be able to buy them.

McInnis 03 said:

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Prognightmare said:

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SIG on my buy list if it prints $7.50

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So I jumped in way too early. Anchored VWAP support line I drew shows me around $8.50 is a super important line to watch right now. I have July calls, I shouldn't worry, but I will.

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$8.50 was my original target but if it breaks it could spike way lower if markets turn. I'm buying the stock instead of options though. I've had better luck trading shares than gambling on with options in markets like this.

If I'm doing this right, I've got a Fib line at 281.77 on the SPY. We just bounced off it...

I'm very cautious on anything right now that isn't a put or a short sell. The market is extremely inflated on funny money, and this might not be the "big one" but it might be. Looking at JPM, Dimon and other execs bought stock at around $87 and I kind of had that pegged as the low, and they're already 3 points underneath that

My hedges are kicking in, time for the fed to stop me from engaging in illegal hedging activities!

Call them and see if buying OTC stocks can be turned on. My 401k SMA is with TDA and l cannot have that turned on. I have to use my taxable Fidelity account to buy OTC stocks.

Looks like we're going to be retesting 280. Hold on to your butts...

Richierich2323 said:

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Spaceship said:

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TD Ameritrade will not let me buy ZEST either as a market order or as a limit. Any idea why?

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Could it be because it's an OTC? I have to call to buy stock on OTC every few years if I don't use it and had to call the first time to be able to buy them.

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That's exactly why. I couldn't figure out what that meant or why it was preventing me from doing it as an online transaction. Still not totally clear on why not. Thanks for responding.

Maximus_Meridius said:

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If I'm doing this right, I've got a Fib line at 281.77 on the SPY. We just bounced off it...

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I'm not showing any support until around 280

pivot

Pivot...tradeable

Boeing sitting right on its lower bollinger, no more support after that

Exsurge Domine said:

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Maximus_Meridius said:

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If I'm doing this right, I've got a Fib line at 281.77 on the SPY. We just bounced off it...

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I'm not showing any support until around 280

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Which is why I put the first statement in...I'm trying to figure some of this out. I was basing my levels off the move from 272 (~4/21) to when we peaked out around 296.8.

Exsurge Domine said:

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Boeing sitting right on its lower bollinger, no more support after that

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I just got out of my puts. Made a pretty penny in 12 minutes.

Every knee shall bow and every tongue shall confess

oldarmy1 said:

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Pivot...tradeable

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Bought more Rubi now at 5.39.....

So what is the story on RUBI? Seems to be a popular stock but I never heard the story.

Exsurge Domine said:

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Maximus_Meridius said:

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If I'm doing this right, I've got a Fib line at 281.77 on the SPY. We just bounced off it...

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I'm not showing any support until around 280

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He's right. Its bouncing at 281.75-281.85

Maximus_Meridius said:

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Exsurge Domine said:

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Maximus_Meridius said:

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If I'm doing this right, I've got a Fib line at 281.77 on the SPY. We just bounced off it...

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I'm not showing any support until around 280

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Which is why I put the first statement in...I'm trying to figure some of this out. I was basing my levels off the move from 272 (~4/21) to when we peaked out around 296.8.

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Excellent, fib lines are good, I'd confirm with some moving averages and volume at price just to see if you can get more of them to line up

DKNG now falling

PPAag06 said:

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So what is the story on RUBI? Seems to be a popular stock but I never heard the story.

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They bought out TLRA and OA says they should dominate the online advertising space

This looks like at least a short term bottom being put in. Volume off the hook. It fails then awwwwww