CRM green.

They always want to make it look as bad as they can into support. Write that down and remember it!

Most of the inside indicators for the market are screaming chop today.

Wow hit my first sell already. 20% Roku 6/19 125C

ROKU 6/12 100C getting big buys. ITM, so less risk

OA,

What is your stance on Gold and silver? Especially if you are selling out if SPY hit 313. If the market starts to love value, will people move more into gold and silver. I been on a hell of a run on my G/S stocks.

Not related to current conversation but something interesting:

https://trends.google.com/trends/explore?q=market%20crash&geo=US

Total relative searches for "market crash" in google over the last 12 months maybe not any better than anything else you're reading, but most recently the spike from Feb 23rd-29th could have been a red flag to get out quick.

It gets harder to gauge if there's any early indication value on the larger time frames because your data points wind up spanning the entire drawback, but if you look specifically at certain event time-frames it does appear to be a decent predictive indicator. And it doesn't appear to make a lot of false indications for normal upwards channel variation

IrishTxAggie said:

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ROKU 6/12 100C getting big buys. ITM, so less risk

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Good grief, that's 85 delta. They believe!

jeromePOWell said:

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Not related to current conversation but something interesting:

https://trends.google.com/trends/explore?q=market%20crash&geo=US

Total relative searches for "market crash" in google over the last 12 months maybe not any better than anything else you're reading, but most recently the spike from Feb 23rd-29th could have been a red flag to get out quick.

It gets harder to gauge if there's any early indication value on the larger time frames because your data points wind up spanning the entire drawback, but if you look specifically at certain event time-frames it does appear to be a decent predictive indicator. And it doesn't appear to make a lot of false indications for normal upwards channel variation

---

Interesting. The book I'm in endorses watching the AUDJPY carry trade as a leading indicator of a big selloff. Right now, AUDJPY is still strong upward.

I think I read your stock post on the tears thread just a minute ago.

ROKU finally found some sellers

khaos288 said:

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ROKU finally found some sellers

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I was almost one of them.. but I feel like it has a bit more to go.

Oops

Aggies1322 said:

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khaos288 said:

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ROKU finally found some sellers

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I was almost one of them.. but I feel like it has a bit more to go.

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Hold tight, it's just getting started.

EDIT: Shame on me for not qualifying that statement.

The C-wave is positive, the A-wave is positive, and we are two bars into a 30 min squeeze firing off (and 4 bars into the 15min squeeze firing off). These things all play into what would normally be bullish upward movement.

Aggies1322 said:

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khaos288 said:

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ROKU finally found some sellers

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I was almost one of them.. but I feel like it has a bit more to go.

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I'll hop out so the rally can continue. Paid for my new driver.

Did we get an exit point for CRM?

IrishTxAggie said:

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ROKU 6/12 100C getting big buys. ITM, so less risk

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Can you please interpret this? I just bought my first call option last week and trying to understand.

Someone is buying call options on ROKU that expire June 12. What does the 100C mean?

Appreciate the education!

PearlJammin said:

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IrishTxAggie said:

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ROKU 6/12 100C getting big buys. ITM, so less risk

---

Can you please interpret this? I just bought my first call option last week and trying to understand.

Someone is buying call options on ROKU that expire June 12. What does the 100C mean?

Appreciate the education!

---

100c is the strike price.. $100 c is for call.

PearlJammin said:

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IrishTxAggie said:

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ROKU 6/12 100C getting big buys. ITM, so less risk

---

Can you please interpret this? I just bought my first call option last week and trying to understand.

Someone is buying call options on ROKU that expire June 12. What does the 100C mean?

Appreciate the education!

---

June 12th $100 calls. They purchased calls that were ITM (in the money). The buyers laid down mid six figures on the orders

100c = 100 call, expiration June 12.

This is an in the money call, with a delta of about 85 I think....every dollar ROKU moves up, this option will go up about $.85 so the price change ties closely to the stock price change. Usually someone buys this when they want to take advantage of what they think is going to be upward price action with a bit of cushion involved. Being ITM gives it better relation to movement in the underlying's price.

McInnis throwing the whole playbook at him.

Where exactly do you track this? Or is it more to do with the exchange rates? The more complex nature makes me think that will be more indicative of what the institutional investors are doing.

The google trends are a little bit difficult to analyze on a shorter term since the data is all relative. But looking at it from Jan 1 to March 30th this year it still looks like the search spike led the major drop and any volatility in searches was a good indicator that the bottom was still coming.

https://trends.google.com/trends/explore?date=2020-01-01%202020-03-30&geo=US&q=market%20crash

At any rate, it's another tab to keep permanently open in my browser.

AgShaun00 said:

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OA,

What is your stance on Gold and silver? Especially if you are selling out if SPY hit 313. If the market starts to love value, will people move more into gold and silver. I been on a hell of a run on my G/S stocks.

---

In reality G&S are end of world holdings. Market fluctuations get some pop (Like CDE, SLV and the others today) but never sustain.

Dumb followup question, but what would be the advantage of buying a call that's so deep ITM as opposed to buying a share of the stock outright?

Less risk. With calls your downside is limited to the premium you paid for the option.

AMBA

wanderer said:

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Dumb followup question, but what would be the advantage of buying a call that's so deep ITM as opposed to buying a share of the stock outright?

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Not a thing. It's tying up thousands of dollars versus maybe a few thousand to leverage thousands of shares.

Yeah, I went ahead and sold 1/4 at $3. Will sell 1/2 at $3.50 like you mentioned (I know you said 80% here), and then hold the last 1/4 to see where it runs.

jeromePOWell said:

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Where exactly do you track this? Or is it more to do with the exchange rates? The more complex nature makes me think that will be more indicative of what the institutional investors are doing.

The google trends are a little bit difficult to analyze on a shorter term since the data is all relative. But looking at it from Jan 1 to March 30th this year it still looks like the search spike led the major drop and any volatility in searches was a good indicator that the bottom was still coming.

https://trends.google.com/trends/explore?date=2020-01-01%202020-03-30&geo=US&q=market%20crash

At any rate, it's another tab to keep permanently open in my browser.

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There are tons of places to track forex, but AUDJPY is the cornerstone of carry trade. The behavior is valid on a intraday basis all the way to medium term basis'.

https://www.dailyfx.com/aud-jpy

AMBA new high on the day

wanderer said:

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Dumb followup question, but what would be the advantage of buying a call that's so deep ITM as opposed to buying a share of the stock outright?

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Far less capital required to get the same net effect. With an option being 100 shares vs the amount of capital ot load up on 100 shares of stock per equivalent contract value.

SQ bust through 82.4. LETS GO!!!

Flag forming on MTCH?