willjohnathan said:

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holy sh*t... i might have to change my sell order prices for PRTY calls before the open

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WTF happened here? I've been bag holding for a while now but this run has been something else

I don't know, but a lot of volume overnight and got up to $2.10 at one point.

gougler08 said:

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willjohnathan said:

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holy sh*t... i might have to change my sell order prices for PRTY calls before the open

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WTF happened here? I've been bag holding for a while now but this run has been something else

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https://www.marketwatch.com/story/party-citys-stock-rockets-after-tsa-with-bondholders-aimed-at-reducing-leverage-boosting-liquidity-2020-05-29

https://www.marketwatch.com/story/personal-income-surges-105-in-april-on-the-back-of-government-relief-payments-but-spending-lags-2020-05-29?mod=home-page

Income +10.5% due to stimulus/expected -2.5%
Spending -13.6%... historic drop
Savings rate 33%... most ever on record.

How could they be off that much on income? So we have everyone hoarding cash and saving.

I sure hope nobody had CGC overnight. That candle looks like a really nasty syringe.

Fed Jeter says 2nd Fed package will be targeting recovery.

Also says hard to imagine a V shaped recovery. Well what was that then?!

bought alot of spy 5/29 300p during AH yesterday at .50, sold at .75 just now. done for the day

McInnis 03 said:

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AgEng06 said:

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I have 1 contract of the 53c left (only bought 2, and sold 1 up ~30%). Hoping it holds up until tomorrow.

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I hope so too! Someone needs to win!

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I set a sell for 100%, expecting a dump at open. It filled immediately. I may have left some on the table if it keeps running, but I'm ok with that.

WoMD said:

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Carlo4 said:

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https://www.marketwatch.com/story/personal-income-surges-105-in-april-on-the-back-of-government-relief-payments-but-spending-lags-2020-05-29?mod=home-page

Income +10.5% due to stimulus/expected -2.5%
Spending -13.6%... historic drop
Savings rate 33%... most ever on record.

How could they be off that much on income? So we have everyone hoarding cash and saving.

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I don't know about you, but with everything closed I haven't been spending much money the last couple months. With nothing to do, and being locked up, it's not so much intentionally saving as much as nothing to spend it on. At least for me, anyway.

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My situation too. I've basically been spending money on food. The vast majority of my spending prior was OCR race entries and travel expenses associated with those race weekends

McInnis 03 said:

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I sure hope nobody had CGC overnight. That candle looks like a really nasty syringe.

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I did, but a very small position.

Shiner Bock said:

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bought alot of spy 5/29 300p during AH yesterday at .50, sold at .75 just now. done for the day

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sold half yesterday before the close and first thing. nice 80% trade for me.

Good entry for AMBA or are we holding off for now?

Keep running ROKU

Yeah I am going to need that after my close yesterday.

PENN 6/19 $33C up 25% already

We gave everyone free money (except the middle middle and upper middle class, of course) through one of many handout programs. Hell, we have people chiming for another $1,200 per person plus $500 per kid on top of their $600/week federal unemployment topper, why wouldn't "income" be up?

And this isn't political. The corruption in the PPP program, where people took the full amount just because someone might get sick in the future, is at least as bad. Most recipients probably justify in their heads that they followed the rules and the "spirit of the program".

ZEST on the move up again...

Prognightmare said:

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SIG looks like a possible good day trade this morning. I'm suggesting the stock, not options.

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Prog, what are you looking at here? Going down for it to touch SMA20? I don't have VWAP on Fidelity to see how its looking against that.

I bot it $10.30 this morning on first green candle. I'm looking for $11+ if Trump doesn't kill the markets.

SPY bands getting narrower.here we go again.....break down!

Not a single economist got the income estimate right... pretty amazing... I'm with you on it

Every knee shall bow and every tongue shall confess

Carlo4 said:

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Not a single economist got the income estimate right... pretty amazing... I'm with you on it

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They're worse than weathermen!

OverSeas AG said:

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CrazyRichAggie said:

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PENN 6/19 $33C up 25% already

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So did we miss the "GO" or are we still waiting?

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I told you premarket that it likely gives 20-25% Model T gains early. There ya go

Not me. Saving more now as my wife is on threshold of losing her job and taking care of her mom. Otherwise m, we probably would be in the same boat.

We aren't changing back once things open up.

Every knee shall bow and every tongue shall confess

Bought AMBA June 19 $60 calls

Missed a flash down on SABR...will look to try and enter at $7 if it comes back

CrazyRichAggie said:

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ZEST on the move up again...

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Keep on keeping on, ZEST!

oldarmy1 said:

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Bought AMBA June 19 $60 calls

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what price you get?

oldarmy1 said:

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Bought AMBA June 19 $60 calls

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Target for these is $4.50

CrazyRichAggie said:

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oldarmy1 said:

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Bought AMBA June 19 $60 calls

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what price you get?

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$2.20-$2.30

oldarmy1 said:

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oldarmy1 said:

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Bought AMBA June 19 $60 calls

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Target for these is $4.50

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Darvis box breakout after bouncing off the top of ~$56.40?


Edit: not sure what's up with the emoticon

In AMBA at 2.25.. ready for the ride.