Did you get banned again?!

Yup

PPT would be handy about now

just did what I always advise against. TSLA 5/22 895 for 1.60

might take a couple more days with VIX expiring.

McInnis 03 said:

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Seems like a nice time to get back in MRNA. Smells fishy to me

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Likelihood they will get sued is pretty high.

They are trying to turn over NET. Look at the 5 minute voilume./

Every knee shall bow and every tongue shall confess

Is Fidelity freaking out for anyone else right now?

I got out when I posted mother****er. Today was set up to be a win into the close with AMZN and NOW and that news just took the wind out of the sails. Maybe we were set up for a rug pull anyway, but still.

ROKU hanging in

oldarmy1 said:

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They are trying to turn over NET. Look at the 5 minute voilume./

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Yikes

Charlie Kelley said:

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Is Fidelity freaking out for anyone else right now?

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Yes, freaked me out for a minute

Mine is shyting itself right now.

$30,000 Millionaire said:

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might take a couple more days with VIX expiring.

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I have 40 shares back around 151, so right with you. I figure maybe 220 is a peak here depending on the time, but I'll be taking gains before that as this is so quick.

IrishTxAggie said:

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Just gave back all of yesterday's gains and then some with that bull**** sell.

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We're still just hanging out in Mr. Darvas' box.

NIIICE flush at the end. Bought some 5/22 SPY 300 puts about 30 mins before close x 4 and made $508. Never hit my stop. So nice to get in at the right spot, for a change!

Every knee shall bow and every tongue shall confess

12thMan86 said:

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NIIICE flush at the end. Bought some 5/22 SPY 300 puts about 30 mins before close x 4 and made $508. Never hit my stop. So nice to get in at the right spot, for a change!

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fyi not that this makes a damn bit of difference. The guys I follow use an indicator called VOODOO lines, and I've seen stocks reverse to the PENNY using these things. The Voodoo support/resistance has always been at 2934, and we broke it on the last 15 min candle.

Probably means we rip up tomorrow, but just thought I'd put that out there.

McInnis 03 said:

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IrishTxAggie said:

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Just gave back all of yesterday's gains and then some with that bull**** sell.

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We're still just hanging out in Mr. Darvas' box.

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I'm aware. But momentum was with the bulls until that damn MRNA hit piece dropped.

McInnis 03 said:

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IrishTxAggie said:

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Just gave back all of yesterday's gains and then some with that bull**** sell.

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We're still just hanging out in Mr. Darvas' box.

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McGinness, what that you that did the spx same day expiration trade I was talking about the other day? If this was a MON, WED, or FRI, when the market was at 2965, we could have bought a PUT Debit Spread SPX 2940/2935 for probably next to nothing 20 mins before the close. My guess is the cost would have been around .50, and it would have max win of 4.50. I hate Tues and Thurs trading.

Carlo4 said:

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$30,000 Millionaire said:

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might take a couple more days with VIX expiring.

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I have 40 shares back around 151, so right with you. I figure maybe 220 is a peak here depending on the time, but I'll be taking gains before that as this is so quick.

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TVIX has wild swings. I was riding it pretty well between low 300s and 400 in March / April. I have gotten stopped out a couple times lately while the bulls try to crush VIX into a small range. Keep an eye on AH today and see what happens. I figure the odds of losing $$ on it at $150 is really low, so I'll start taking gains at $200 and then scale up from there.

Gd it. Was less than 1.5% away from breaking even on my SWPPX historic gains and then it took a **** today.

LK to resume trading tomorrow

FYI LK holders

Every knee shall bow and every tongue shall confess

Fair

12thMan86 said:

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12thMan86 said:

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NIIICE flush at the end. Bought some 5/22 SPY 300 puts about 30 mins before close x 4 and made $508. Never hit my stop. So nice to get in at the right spot, for a change!

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fyi not that this makes a damn bit of difference. The guys I follow use an indicator called VOODOO lines, and I've seen stocks reverse to the PENNY using these things. The Voodoo support/resistance has always been at 2934, and we broke it on the last 15 min candle.

Probably means we rip up tomorrow, but just thought I'd put that out there.

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you need to share more, I love the stuff you're dishing out!

I want me some voodoo lines!

12thMan86 said:

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McInnis 03 said:

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IrishTxAggie said:

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Just gave back all of yesterday's gains and then some with that bull**** sell.

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We're still just hanging out in Mr. Darvas' box.

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McGinness, what that you that did the spx same day expiration trade I was talking about the other day? If this was a MON, WED, or FRI, when the market was at 2965, we could have bought a PUT Debit Spread SPX 2940/2935 for probably next to nothing 20 mins before the close. My guess is the cost would have been around .50, and it would have max win of 4.50. I hate Tues and Thurs trading.

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So what you're telling me is you're basically buying things with almost no time left on the off chance you hti the direction of a 2:50 correction? Seems you could play both directions and be right more than not and pay off?

And yes, that was me.

OverSeas AG said:

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12thMan86 said:

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McGinness, what that you that did the spx same day expiration trade I was talking about the other day? If this was a MON, WED, or FRI, when the market was at 2965, we could have bought a PUT Debit Spread SPX 2940/2935 for probably next to nothing 20 mins before the close. My guess is the cost would have been around .50, and it would have max win of 4.50. I hate Tues and Thurs trading.

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So this is buying at put at one strike and selling the put at the other strike. Then you just let them expire, hoping you were directionally correct and therefore profit?

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No, if it was a PUT credit spread that would be the case. Debit spread means he paid instead of was paid the net premium, in order to open the position.

https://www.investopedia.com/terms/v/verticalspread.asp

OverSeas AG said:

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12thMan86 said:

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McGinness, what that you that did the spx same day expiration trade I was talking about the other day? If this was a MON, WED, or FRI, when the market was at 2965, we could have bought a PUT Debit Spread SPX 2940/2935 for probably next to nothing 20 mins before the close. My guess is the cost would have been around .50, and it would have max win of 4.50. I hate Tues and Thurs trading.

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So this is buying at put at one strike and selling the put at the other strike. Then you just let them expire, hoping you were directionaly correct and therefore profit?

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yep, that's it. These guys at Simpler Trading have taught me how to do these lotto trades late in the day. Some days they will do same day SPX butterflys, and other times Debit Spreads. They use their voodoo lines as support, and it it touches the line of support or resistance, they will put in a trade in the opposite direction. You can bite off as much as you want, with as much risk reward as you like. I typically like the ones that are 5 pts wide that cost .50 to 1.00. They dont always work of course, that's why they are lottos. But you only need to hit about 1/3 of the trades to be cash flow positive. Cool thing is you can close it out, or just let it cash settle.

The guy Bruce Marshall that does these is about 60 and has 35 yrs experience on Wall St. He's the wizard on the Analyze Tab on TOS. I pretty much just follow what he does most of the time.