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oldarmy1
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9:27a, 5/14/20
AG
So everyone knows why we sold 100% of Puts. I spotted larger volume buying by order size and other things I look at. You also have to have big continuation downward or else the time decay on a Put expiring tomorrow kills you. If we drift between $276-$280 the $281 Puts will just meltaway premium.

Psst..you can't time the markets.

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Mr President Elect
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In reply to oldarmy1 • 9:34a, 5/14/20
AG
oldarmy1 said:
So everyone knows why we sold 100% of Puts. I spotted larger volume buying by order size and other things I look at. You also have to have big continuation downward or else the time decay on a Put expiring tomorrow kills you. If we drift between $276-$280 the $281 Puts will just meltaway premium.

Psst..you can't time the markets.

Sold at the top (so far today)! But I guess I shouldn't have sold my June $260 puts?
Hopefully they get cheaper and I will rebuy.
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59 South
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9:35a, 5/14/20
AG
QQQ trying to put in a double bottom above 216. If that and SPY bottom from this morning hold, it looks like we could easily 50% retrace (Model T) bounce back to test QQQ 222 and SPY 285. Both really big numbers that were previous key levels of support / resistance. If we got that bounce in the couple of days, I'd be selling longs and buying puts.
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McInnis 03
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9:35a, 5/14/20
AG
Sold RUBI 7.5P's (cash secured) for 6/19 at 2.74 premium. If I get put my average cost is $4.76.

I'm doing this in a ROTH IRA, so I take profits on some of my long positions to obtain the cash, that cash gets locked away as margin required security. I take the premium and do as I wish and will monitor the puts and manage as necessary (roll, buy back, let expire, etc).
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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oldarmy1
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9:36a, 5/14/20
AG
Come on rally.....daddy needs a new dock!
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TXAG14
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9:36a, 5/14/20
BYND calls easy money again. Fake meat is saving my ass.
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McInnis 03
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In reply to khkman22 • 9:38a, 5/14/20
AG
khkman22 said:
Touchless said:
Really surprised no one has mentioned BJs this morning. Only thing green it seems in a sea of red.
If there's one rule that needs to be followed, it's that BJs get the green light when there's a sea of red.
End this thread. It's over. This reply will NEVER be topped.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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stxag8
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In reply to oldarmy1 • 9:38a, 5/14/20
AG
oldarmy1 said:
So everyone knows why we sold 100% of Puts. I spotted larger volume buying by order size and other things I look at. You also have to have big continuation downward or else the time decay on a Put expiring tomorrow kills you. If we drift between $276-$280 the $281 Puts will just meltaway premium.

Psst..you can't time the markets.

In other words... don't be me
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59 South
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9:39a, 5/14/20
AG
SQ rocket ship
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stxag8
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In reply to oldarmy1 • 9:40a, 5/14/20
AG
Dp
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oldarmy1
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9:40a, 5/14/20
AG
We have us a SPY cup! So expect resistance and we aren't out of the woods for reversal yet
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Rice and Fries
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In reply to oldarmy1 • 9:41a, 5/14/20
oldarmy1 said:
We have us a SPY cup! So expect resistance and we aren't out of the woods for reversal yet
ive got Spy 278 puts for 5/15. I am still holding but just not sure what to do...take and run or hold for the reversal
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McInnis 03
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In reply to McInnis 03 • 9:41a, 5/14/20
AG
McInnis 03 said:
Sold RUBI 7.5P's (cash secured) for 6/19 at 2.74 premium. If I get put my average cost is $4.76.

I'm doing this in a ROTH IRA, so I take profits on some of my long positions to obtain the cash, that cash gets locked away as margin required security. I take the premium and do as I wish and will monitor the puts and manage as necessary (roll, buy back, let expire, etc).
BTW, I post because I'm still learning methods. If this strategy sucks for something I think is going to move upwards over time, please tell me.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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Aggies1322
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In reply to oldarmy1 • 9:41a, 5/14/20
AG
oldarmy1 said:
We have us a SPY cup! So expect resistance and we aren't out of the woods for reversal yet

Where do you expect resistance?
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Carlo4
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9:42a, 5/14/20
AG
And financials, hotels, cruises, casinos are up 5% to 10% in a matter of 30 minutes. nothing to see here folks.
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oldarmy1
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In reply to Aggies1322 • 9:44a, 5/14/20
AG
Aggies1322 said:
oldarmy1 said:
We have us a SPY cup! So expect resistance and we aren't out of the woods for reversal yet

Where do you expect resistance?
Right when I posted it. That was the cup formed so bears will try to stop the train. If its a real bottom bulls let the bears retrace and then obliterate them.
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Boat Shoes
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9:45a, 5/14/20
AG
Question for the group. Up until this point Ive tried to keep my "round trips" below 4 to prevent being flagged as a pattern day trader. Is there any reason I should be leery of that, other than the needing to keep $25k in the account?
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texagbeliever
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In reply to Carlo4 • 9:48a, 5/14/20
WFC up 6% and JPM up 2%.

Old army said watch the banks as a signal for down. May be the same for signal for up?
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krosch11
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In reply to Boat Shoes • 9:49a, 5/14/20
AG
Theyll lock your account for 90 days if flagged without the necessary funds
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Aggies1322
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In reply to oldarmy1 • 9:49a, 5/14/20
AG
oldarmy1 said:
Aggies1322 said:
oldarmy1 said:
We have us a SPY cup! So expect resistance and we aren't out of the woods for reversal yet

Where do you expect resistance?
Right when I posted it. That was the cup formed so bears will try to stop the train. If its a real bottom bulls let the bears retrace and then obliterate them.
Pure genius..
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oldarmy1
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9:49a, 5/14/20
AG
Die Bears! Just as prescribed


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IrishTxAggie
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9:50a, 5/14/20
AG
If the bulls can hold this over 2800, can push to 2820 fast
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oldarmy1
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9:50a, 5/14/20
AG
Those SPY $381 Puts are now $3.05
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oldarmy1
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9:51a, 5/14/20
AG
You see 2893 on S&P we are home free
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Ragoo
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9:52a, 5/14/20
AG
Roku is in capitulation limbo
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aeroag14
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In reply to oldarmy1 • 9:52a, 5/14/20
AG
oldarmy1 said:
You see 2893 on S&P we are home free

What is significant about 2893?
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Ragoo
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9:53a, 5/14/20
AG
Roku is in capitulation limbo
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krosch11
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9:53a, 5/14/20
AG
CADE is running
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stxag8
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9:53a, 5/14/20
AG
Cost myself a couple bucks trying to hedge puts against my June calls that were bleeding... came out about even given the call gains and put losses. Oh well, lessons learned I guess
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McInnis 03
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In reply to oldarmy1 • 9:53a, 5/14/20
AG
oldarmy1 said:
Those SPY $381 Puts are now $3.05
To everyone holding the SPY 381p's.

Dinner is on y'all.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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stxag8
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9:54a, 5/14/20
AG
CAT
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ProgN
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9:54a, 5/14/20
AMD 5/22 $55c look like a great play for under a buck.
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Aggies1322
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In reply to oldarmy1 • 9:55a, 5/14/20
AG
oldarmy1 said:
You see 2893 on S&P we are home free

Do you see any other resistance from here up to that level? A lot of the technical analysis I watch thinks this retests the neckline of a head and shoulders. Do you see any of that?
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McInnis 03
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9:57a, 5/14/20
AG
I just watched MU come through the flow like a waterfall, sheesh.


***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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oldarmy1
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In reply to aeroag14 • 10:00a, 5/14/20
AG
aeroag14 said:
oldarmy1 said:
You see 2893 on S&P we are home free

What is significant about 2893?
2839 sorry. Too much going on
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