Gracias

The stock that shall remain nameless may or may not be at 2.55 AH's

Probably when it IPOd and people lost their collective minds. It traded in the 40s! NFLX OF CHINA hype was real.

I'll take my payment in the form of actual poured concrete if it's not that big of a bother
Edit. Dumb wrong emoji. Wanted sarcasm.

Does anyone here really think we see a significant fall again? At least down to 2900? I'm sitting on some cash and keep thinking it's coming but it appears every day we fly higher

tam2002 said:

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Does anyone here really think we see a significant fall again? At least down to 2900? I'm sitting on some cash and keep thinking it's coming but it appears every day we fly higher

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I recovered what was lost in the crash in March in my 401k today, and moved 50% to the sidelines.... if we creep up some more to 3100+ I'll take 25% or so off table if not 50%. I feel like we're going to see a drop coming in the near future, and I'll move back into equities after that.

riley290 said:

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https://robintrack.net/

https://www.sw****stocks.com/dashboard/wallstreetbets/realtime

https://senatestockwatcher.com/

https://squeezemetrics.com/monitor/dix

https://www.barchart.com/options

enjoy the ridiculousness

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Previously you mentioned Congress folk using options to hide under the reporting behavior required of the role, does Senate stock watcher track that?

IrishTxAggie said:

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Where do you get those graphs from of you don't mind me asking?

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While it's permabear territory and the opposite of what the board likes, Zerohedge does provide some good charts. Robintrack also recently Is a good source as I think we have unprecedented retail participation right now.

yes, it skims all the of required disclosures from Congress. A bit of a lag (and some of them are terrible at trading) but if you go look at who is on certain committees and follow them you'll see unusual patterns that then payoff essentially every time.

You do have to be careful, you'd assume Senator Loeffler, who is married to the chairman of the NYSE would be moving off of insider info but all of her investments are in a blind trust (who is still returning a pretty penny this year).

tam2002 said:

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Does anyone here really think we see a significant fall again? At least down to 2900? I'm sitting on some cash and keep thinking it's coming but it appears every day we fly higher

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Yes I do. I don't know if it's soon like in the next few weeks, or late summer around the 2nd Qtr earnings, or in the fall if Virus stuff creeps back up and people are hesitant or worried about what happens to economy + presidential election is in there.

I don't know if that helps at all but I really feel another decent size retraction by end of year. I want to be fully invested now I just can't do it

ETA - and when I say decent size I mean like at least 10% which would be 300+ points right now.

I'm with you. Gonna stay on the sidelines for now

I think a strategy like 2463's is a good one to consider. I also think that it's likely a decent pullback to 2700 or lower happens at some point.

My strategy involves considering how you'd perform if the market continues to rise, if it stagnates for a few months, or if it dives. That gives you a chance to honestly evaluate your risk for whichever way the market goes. If you feel overextended long take some money out, or vice versa. It's okay if you are weighted more bull or bear, but with this volatile market you should be able to live with yourself whichever way it goes.

Is there a good reason CX 6/19 2.5C never got above ~.12-14 today? The stock was trading at or above 2.40 for almost the entire day.

Seems like an obvious call buy. What am I missing?

I picked up 40 contracts at that price (insert whale meme). Likely low option price due to less historical volatility and high volume. That may be one of the things that makes darvas boxes great option plays.

tam2002 said:

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Does anyone here really think we see a significant fall again? At least down to 2900? I'm sitting on some cash and keep thinking it's coming but it appears every day we fly higher

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2900 could be hit tomorrow and it wouldn't be that big of a deal. I'd like to be sarcastic and say there will never be another down day. I think there was too much pessimism and now there is too much optimism, things will even out. Eventually vaccine good news won't result in permanent 3% gaps and structural issues like massive unemployment and suppressed consumer behavior will present themselves. The market doesn't stay disconnected from the underlying economy for long in most cases.

This could be merely a correction or it could be the mother of all Bear market rallies. Given the extreme BTD behavior, it would need to be the mother of all bear rallies to really break the current confidence and optimism out there.

Nobody knows if it will fall from here or what would cause it. I'm personally not looking to go long at these prices, but there are a lot of people out there who are.

wanderer said:

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Is there a good reason CX 6/19 2.5C never got above ~.12-14 today? The stock was trading at or above 2.40 for almost the entire day.

Seems like an obvious call buy. What am I missing?

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Welcome, welcome to our club.

Thanks....I guess?

Pawns are we

TSLA upgrade and PT to 925.

Interesting note on SIG. The largest open interest for options is a $16 call 7/17 expiry (trading ~$0.55)

I'm looking at volumes on BAC 7/17 options and I noticed that the $20p has ~15,000 and the $25c & $26c together are less than ~6,000.

Should this be a sign/signal that some "big money" knows something that is resulting in the high number on the $20p??

I'm still learning here, so maybe this is a flawed way of looking at this.

ETA: Those numbers are "volume" not "open interest".
Also, I've looked into volume vs open interest some more and it doesn't mean exactly what I thought.

I'd still love to hear y'all's thoughts on this scenario though.

texagbeliever said:

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Interesting note on SIG. The largest open interest for options is a $16 call 7/17 expiry (trading ~$0.55)

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It's gonna hinge on their earnings and guidance on 6/9 (I think that's the date)

tsuag10 said:

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I'm looking at volumes on BAC 7/17 options and I noticed that the $20p has ~15,000 and the $25c & $26c together are less than ~6,000.

Should this be a sign/signal that some "big money" knows something that is resulting in the high number on the $20p??

I'm still learning here, so maybe this is a flawed way of looking at this.

ETA: Those numbers are "volume" not "open interest".
Also, I've looked into volume vs open interest some more and it doesn't mean exactly what I thought.

I'd still love to hear y'all's thoughts on this scenario though.

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The only thing I've learned is that OI and Vol are not indicators of what big money thinks. It's just another landmine on the trading field to help convince you to take a move that the other side is going to use to take your money.

Prognightmare said:

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texagbeliever said:

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Interesting note on SIG. The largest open interest for options is a $16 call 7/17 expiry (trading ~$0.55)

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It's gonna hinge on their earnings and guidance on 6/9 (I think that's the date)

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I've been on the $10c for 7/17 for a few weeks now and it's been a test of my patience and plan. I'll say I've been a little comforted by the flow on the $12c and the $16c but I am not waiting for a move to $16 to exit.

MOMO back down

Expecting the market to react poorly to the riots.

That's what I'm starting to think too. After looking at it more, there's actually more OI on the call side. So looking at volume was throwing me off.

tsuag10 said:

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That's what I'm starting to think too. After looking at it more, there's actually more OI on the call side. So looking at volume was throwing me off.

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To be perfectly honest, it is truly just another thing to look out; however, somtimes you'll see an outlier like this where someone/something has made a major move on one specific strike......sometimes you can look at that and decide if you want to follow the money.

IE: yesterday with Astrazeneca the $53c for next week got a significant play, higher than normal.



Sometimes people will follow a move like this on the notion that "somebody knows something". These plays do not always work out, but it's more than just a "hunch" in some instances.

texagbeliever said:

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Interesting note on SIG. The largest open interest for options is a $16 call 7/17 expiry (trading ~$0.55)

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Is this good or bad? I bought SIG at the first part of this week.

McInnis 03 said:

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Pawns are we

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I remember something like this being posted last year. Is this saying that if you bought at the close and sold at the open every day that you would be better off than holding all day?

BB675 said:

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texagbeliever said:

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Interesting note on SIG. The largest open interest for options is a $16 call 7/17 expiry (trading ~$0.55)

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Is this good or bad? I bought SIG at the first part of this week.

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With there being 11,700+ open interest on that call, it means that maybe $450K has been spent for the opportunity to purchase that product at $16 by that date, so it is taken by some to be a bullish indicator of the equity.

Ohhhhhhhh, weekly jobless is about to come out.....

Weekly jobless claims was worse than expected. Stocks go higher today!