my CRM 6/19's are positive

See if we get a dreaded h on SPY bounce here.

MSFT killing it today. Thanks, Irish

Talon2DSO said:

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Zest has dipped. Are we still riding it long?

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I'm going too although today hurts. News yesterday afternoon broke that's there a Daubert hearing that got scheduled for September 29 so people today are taking profits. Although in reality this thing could be settled before.

I'm gonna add if it dips in the $1s

tam2002 said:

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Talon2DSO said:

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Zest has dipped. Are we still riding it long?

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I'm going too although today hurts. News yesterday afternoon broke that's there a Daubert hearing that got scheduled for September 29 so people today are taking profits. Although in reality this thing could be settled before.

I'm gonna add if it dips in the $1s

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This is such a good example of why to capture profits and go net-free when you can. Although I hate seeing it going down, I'm much more confident to "let it ride" than if I still had my capital exposed.

Ragoo said:

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12thMan86 said:

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put on TSLA 1000 Butterfly on Tuesday for 1.09 x 4 on Monday, expires Friday

MSFT 195 Fly for .94, 5 wide, expires friday x 10

Don't F me, FED!

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can you explain a little more on your set up here?

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TSLA 980/1000/1020 Butterfly. Bought one each 980 & 1020 calls, sold 2 1000 calls. Want it to expire on Friday at 1000 for a 2k win. I'll be out before then, maybe today. That fly is worth about $4 now. 400% gain.

MSFT 190/195/200 call Fly, also for Friday. Looking for MSFT to close at 195 on Friday. Will be out before Friday afternoon.

If the fed comes out wish something the market doesn't like, things could go south and the flys expire worthless. They are cheap, so not gonna get killed if they do expire worthless

AMD surging even more, up another 5% today

I listed a rare trade of the day with $CRM if it crossed $176. When I do that you might action it.

$179.88 and you should be taking some off the table.

man....I picked a bad time to break from weeklies. I had my thumb hovering over 10 contracts of amzn 2700 yesterday at 6.00....they're now 20

Went net free on my 6/19 CRM calls


Edit: also kicking myself for not doubling down at open, but realize that's a bit silly. I didn't have any great read on it and can't just rely on OA1. I've been reading John Carter's book and it has my trying to avoid those doubling down when I don't know the set-up.

I actioned on the open and it has paid.....OA strikes again!

Markets heavy. Tick is staying low. Just got my first -1000 alert. Too early to make a call, but the banks aren't happy and neither is energy. Could be one of those days.

sold mine yesterday

ERI getting hammered today

Yeah, I was sweating my $45 covered calls earlier this week. Glad I sold most of the position during the run up, may rebuy most when it settles back down.

KT 90 said:

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ERI getting hammered today

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If you go back to the trend lines from 3 months ago, you would find huge support in the mid to upper 20s for it. Stock went bananas last 3-4 weeks and people are "panic" selling and taking profits just like in airlines and cruise lines before the FED meeting.

I'm watching ERI, CCL, and a few others to continue falling hopefully to buy in again cheaper.

Carlo4 said:

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KT 90 said:

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ERI getting hammered today

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If you go back to the trend lines from 3 months ago, you would find huge support in the mid to upper 20s for it. Stock went bananas last 3-4 weeks and people are "panic" selling and taking profits just like in airlines and cruise lines before the FED meeting.

I'm watching ERI, CCL, and a few others to continue falling hopefully to buy in again cheaper.

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The old channel resistance should turn support now...I'd like for around $30 as an entry point assuming it bounces off that

McInnis 03 said:

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Markets heavy. Tick is staying low. Just got my first -1000 alert. Too early to make a call, but the banks aren't happy and neither is energy. Could be one of those days.

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Ignore anything in the pink box, it's noise. We want to pay attention to the exits, and where the TICK is living. Right now, it's living at the bottom of the box, which is the negative. This is the measure of NYSE traded equities and whether they're advancing (positive) or declining (negative). The TICK is living in the negative.

while typing now I just got another major sell alert.

I have a 9 min trend (red) and a 21 min trend (green), both are way down.

It's too early to make a call yet, but be cautious on longs today. If it stays like this another day HOUR, I'll be looking to fade any TICK plays that get back to zero and takign them short, closing them at big negative numbers again.

MSFT and GME squeezes fired today. And of course the macro market takes a dump to dump a bucket of cold water on it. Was up 25% on portfolio now only 4%.

NBR getting blasted again today. I'm up fairly big on this but losing last 2 days heavy. I'm more long term overall . Thoughts on if I should hold or sell by the board?

I'm only in the CRM 6/19's...hold for a while longer? Original Target was like $5.50 I think

Orlando Ayala Cant Read said:

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NBR getting blasted again today. I'm up fairly big on this but losing last 2 days heavy. I'm more long term overall . Thoughts on if I should hold or sell by the board?

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You know they're declaring bankruptcy pretty much any day now right?

I figured a sell off until the FED meeting. Do you think they are going to try and raise rates potentially and that would make the sell off continue?

oldarmy1 said:

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DRIP looking good. I sold 25% just to take a quick $0.30/share easement against any backfilling.

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I jumped into DRIP with you this morning. Any exit point you're looking at?

I think they still need to open the Main Street Loan Facilities, could that be it?

Carlo4 said:

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I figured a sell off until the FED meeting. Do you think they are going to try and raise rates potentially and that would make the sell off continue?

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no way. the most you'll get out of Powell is that they think assets are overpriced but they will continue to remain accommodative to the market until they think the recovery can stand on its own. I feel it's in their interest to let a little bit of air out of the bubble but not all of the air.

Da'*** would they raise rates? More like they'll consider how long to keep them at/near 0%.

Back into RUBI at $7.40

A surprise rate raise? Thats happened never in the history of ever.

gotsand said:

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Da'*** would they raise rates? More like they'll consider how long to keep them at/near 0%.

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Now i know how Billy Madison feels after answering that question in the decathlon. Just wanted to ask if it was even possible. I figured no.

CRM $180

oldarmy1 said:

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ehrmantraut said:

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I'm only in the CRM 6/19's...hold for a while longer? Original Target was like $5.50 I think

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If FED gives a bounce on markets CRM will hit $182.50 and give you above $5.

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Sold off some contracts. Hanging on to two to see how the day plays out.