I'm a stubborn old mule, but I can't help it. I just entered a small SPY hedge, 294 long put / 290 short put debit spread for June 19. Cost is $1.40. I figure if it goes to zero it means the rest of my stuff is doing just fine so it's a hedge in the truest sense of the word.

Amazon to all time highs

We will see here in a few minutes it seems.

I dont get how ERI is up so much compared to MGM.

PENN has had a very good last few days

Zom is gaining some steam today.

Busy but little ZOM moving. Macro markets consolidating well. Taking the sellers early...good sign for making the breakout. Obviously a resistance point in the area so have to take that break or bust mindset and trade accordingly.

Pinterest rocket ship. News about integrating with Microsoft

leoj said:

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Have an alert set for AMZN 2470

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back in, 1530 weekly calls. flagging on the 5m

OA, thoughts on MOMO and JPM. Do we think these keep running or time to start taking profits? I think I am going to exit twitter when I get back to even.

JPM I got in at 1.46 with just 1 contract
MOMO I got in at 1.35 but with 2 contracts

6/19 for both

1,000 contracts at around $13. Wonder why they're going all the way out to 2022?

So some option flow that has stood out to me over the past week has been bearish BRK.B. $3.7m on various Jan 2021 puts.

Took 1/4 of my position out yesterday. FOMO is keeping me from taking it all

Sure that isn't a covered position?

SDC has some momentum for the first time in days. Hoping some buy backs pay off!

leoj said:

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leoj said:

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Have an alert set for AMZN 2470

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back in, 1530 weekly calls. flagging on the 5m

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AMZN has been good. Did you mean 2530 weeklies?

texagbeliever said:

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SDC has some momentum for the first time in days. Hoping some buy backs pay off!

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Hopefully RUBI decides to do the same, instead of taunting and laughing from the sideline.

Ragoo said:

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Sure that isn't a covered position?

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believe cheddar filters to only show ask side flow

AMD cup and handle on the daily. If NVDA has a good earnings report, it could approach the ath at 59.

spud1910 said:

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leoj said:

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leoj said:

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Have an alert set for AMZN 2470

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back in, 1530 weekly calls. flagging on the 5m

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AMZN has been good. Did you mean 2530 weeklies?

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yeah lol. Also just exited for a small loss on that one. Will wait for that level again, could be a shakeout before we move up or we could just chop rest of the day.

WoMD said:

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texagbeliever said:

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SDC has some momentum for the first time in days. Hoping some buy backs pay off!

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Hopefully RUBI decides to do the same, instead of taunting and laughing from the sideline.

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I think people need to be ready to actively trade around their RUBI position using OA's strategies or be patient, like a quarter or two patient. Just my opinion, but fundamentally they need to show growth and benefits from the merger, also not a well-known tech stock compared to a TTD or other ad/tech plays. Right now its trading in between two pivots on the 65m chart, 5.17 and 5.77. The 8ema is obviously trending lower and at 5.50 right now.

leoj said:

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spud1910 said:

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leoj said:

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leoj said:

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Have an alert set for AMZN 2470

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back in, 1530 weekly calls. flagging on the 5m

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AMZN has been good. Did you mean 2530 weeklies?

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yeah lol. Also just exited for a small loss on that one. Will wait for that level again, could be a shakeout before we move up or we could just chop rest of the day.

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Good deal. I am there too. Up about 2% for now.

feeling like it might be a good time to hop back into tvix...greedy, fearful, etc...

leoj said:

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WoMD said:

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texagbeliever said:

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SDC has some momentum for the first time in days. Hoping some buy backs pay off!

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Hopefully RUBI decides to do the same, instead of taunting and laughing from the sideline.

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I think people need to be ready to actively trade around their RUBI position using OA's strategies or be patient, like a quarter or two patient. Just my opinion, but fundamentally they need to show growth and benefits from the merger, also not a well-known tech stock compared to a TTD or other ad/tech plays. Right now its trading in between two pivots on the 65m chart, 5.17 and 5.77. The 8ema is obviously trending lower and at 5.50 right now.

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Yep, he's said it's his next JD so it's the basing time now and it will take a while to get to 10-15+

Anybody in VBIV?

Barty said:

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So McInnis gave crack to a crackhead by teaching me how to use debit spreads....Now I feel like a slightly more sophisticated degenerate gambler!

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It wasn't me.

Every knee shall bow and every tongue shall confess

Beat the Hell said:

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Have we discussed Overstocks unique dividend?

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FYI - Here's the email I got:

As a holder of Overstock.com (OSTK or OSTBP) we're writing to inform you that you're entitled to receive a unique digital dividend payable in shares of its Digital Voting Series A-1 Preferred Stock (OSTKO) on May 19, 2020. As shareholder of record on April 27, 2020, for every ten shares held of Overstock.com common or preferred stock, you will receive one share of OSTKO.

As part of this process, Overstock.com has chosen to exclusively service the digital dividend through their affiliated platforms, Dinosaur Financial Group LLC (Dinosaur) and tZERO ATS. At this time, Schwab is not facilitating trades of OSTKO.

Your options include:
1.Continue to hold OSTKO shares in your account here at Schwab; or
2.If you wish to sell or otherwise withdraw your OSTKO shares, you will need to transfer your position out to another institution. Please note that if you transfer OSTKO shares from certain tax-advantaged accounts (e.g. a Schwab IRA account), it may trigger a taxable event and be reported to the IRS. Please consult your tax advisor with questions.

Shundere said:

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OA, thoughts on MOMO and JPM. Do we think these keep running or time to start taking profits? I think I am going to exit twitter when I get back to even.

JPM I got in at 1.46 with just 1 contract
MOMO I got in at 1.35 but with 2 contracts

6/19 for both

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That's a solid move off bottom for MOMO and should see some follow through. It will likely resist at the cup its forming so I'd be exiting most if not all with a great trade. I think JPM will see that $93 target soon for exiting at max value.

Make no mistake, MOMO will hit $25 but we're discussing options versus shares.

So we're looking at ~$24 as an exit?

Chip stocks going green...could have a good run w/ positive NVDA earnings

Those HPQ calls are really working out.

Every knee shall bow and every tongue shall confess

Did anyone else get in on NNDM?

NOW is about to bust out for a run on new trend highs.