INTC filled condor and iron fly.

60 center strike on iron fly, also 5 wide.

INTC falling hard on earnings and rev BEAT, time to model T it.

it will recover after the initial sell off. i think 5 wide was smart.

That intel sell off is so stupid.

McInnis 03 said:

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INTC falling hard on earnings and rev BEAT, time to model T it.

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This market is on crazy pills all around

AGSmith said:

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Aston04 said:

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Good time to go long Pearson Education.

Resistance is at $7. The magic bullet for them is they have Connections Academy online learning... #2 in market share to K12... But they haven't gotten near the runup in valuation like k12 has....

They are also heavily invested in tech in the college space- more so than peer textbook publishers... Online learning is gonna help them...

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Are you talking about PSO?

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yes.

gougler08 said:

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McInnis 03 said:

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INTC falling hard on earnings and rev BEAT, time to model T it.

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This market is on crazy pills all around

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Intel offers disappointing Q3 earnings guidance

https://www.cnbc.com/2020/07/23/intel-intc-earnings-q2-2020.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Prognightmare said:

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AMD spiking AH

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Probably on INTC shortage

Probably correct

TriumphForks said:

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Isn't the Senate going to pass a second round of stimulus checks? Could juice the markets a bit but the last few months in the market have been like the George Costanza "do the opposite" episode of Seinfeld.

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Market reaction is likely to be muted because the $600/wk unemployment will be decreased and states will not get their budget bailouts.

Prognightmare said:

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AMD spiking AH

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I ALMOST bought back my calls today when they were low

Quick question re: puts, assignment, and ex-dividend date. I'm looking to get into OKE (trading at $28.96 at today's close). I sold a 7/24 29p earlier. They announced a $0.935/sh dividend with a record date of Aug 3 (a Monday). If my put doesn't get assigned this week, will I be able to sell another expiring 7/31 (Friday before record) and still meet the ex-date if assigned on that one?

This nuttiness with INTC is why I won't hold a call going into earnings that will expire the next day.

Beat on revenue and get pummeled. It is bizzarro world indeed.

$30,000 Millionaire said:

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it will recover after the initial sell off. i think 5 wide was smart.

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Basing at 55 for now. Looks like this one I may strike out on. Come on AXP, bring it home.

Intc delayed 10 nm until July 2021 and 7nm delayed 6 months.

Amd will have 5nm by 2021/2022.

Tumble Weed said:

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This nuttiness with INTC is why I won't hold a call going into earnings that will expire the next day.

Beat on revenue and get pummeled. It is bizzarro world indeed.

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It's not the first time this week that a company beat projections and got pummeled. See SNAP yesterday. Beat on earnings and revenue = as much as -11% AH yesterday

McInnis 03 said:

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$30,000 Millionaire said:

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it will recover after the initial sell off. i think 5 wide was smart.

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Basing at 55 for now. Looks like this one I may strike out on. Come on AXP, bring it home.

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eh, it's too severe of a sell off. it will recover half.

AGSmith said:

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Tumble Weed said:

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This nuttiness with INTC is why I won't hold a call going into earnings that will expire the next day.

Beat on revenue and get pummeled. It is bizzarro world indeed.

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It's not the first time this week that a company beat projections and got pummeled. See SNAP yesterday. Beat on earnings and revenue = as much as -11% AH yesterday

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If we're being honest, the majority of stocks have sold off after reporting good numbers this qtr. That's something that you should keep in mind if you're buying calls on earnings plays. I wouldn't be surprised to see AMZN crush next week but sell off because a vaccine is on the horizon. I'm not playing AMZN, JMO.

tailgatetimer10 said:

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That intel sell off is so stupid.

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The sell off is because they are getting further and further behind the competition on CPUs. AMD just released new Ryzen chips yesterday, has 5NM tech in the works and Intel said their 7NM tech is suffering set backs. They just keep shooting themselves in the foot and eventually those 10NM chips are gonna be old news bears.

They are going to have to jump nodes to ever catch up, which is going to be high risk and high capital expense.

Everyone should've seen this coming with the 10nm fail of this year. Semiconductor life cycles are meant for 2 years, so when you invest in one, and it fails.. you're done for.

Now it's looking like they wont catch up till 2023/2024.. I was thinking they had enough $$$ to do it by 2022.. I'm starting to become more skeptical.

topher06 said:

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BREwmaster said:

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aggiedaniel06 said:

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Today was a bull trap of epic proportions.

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just going out on a limb, but I think tomorrow will be an even bigger bull trap. Green green tomorrow, lull the retail bulls to sleep, suppress vix some more, then Monday dump-tastic.

disclaimer: *you have far more experience than me!

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You're 100% cash, right? Think you posted that a week ago, but may be mistaking the person.

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mostly cash in the options account, hedged with VXX calls. I sold SPCE, OSTK and CWH calls before the drop today, dodged a bullet there!

holding positions in IRA for now, plus some cash, but hedged there with VXX and UVXY commons. I probably should trim some tomorrow if we bounce back a little (which is just a feeling).

Tomorrow afternoon though I think we have a good probability of further drop after bounce, then Monday will probably be ugly. I'm just basing this on past recent dips and pullbacks.

tailgatetimer10 said:

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They are going to have to jump nodes to ever catch up, which is going to be high risk and high capital expense.

Everyone should've seen this coming with the 10nm fail of this year. Semiconductor life cycles are meant for 2 years, so when you invest in one, and it fails.. you're done for.

Now it's looking like they wont catch up till 2023/2024.. I was thinking they had enough $$$ to do it by 2022.. I'm starting to become more skeptical.

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At this point, they might as well just start researching quantum chips with hopes to be there when everyone else is.

BREwmaster said:

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topher06 said:

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BREwmaster said:

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aggiedaniel06 said:

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Today was a bull trap of epic proportions.

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just going out on a limb, but I think tomorrow will be an even bigger bull trap. Green green tomorrow, lull the retail bulls to sleep, suppress vix some more, then Monday dump-tastic.

disclaimer: *you have far more experience than me!

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You're 100% cash, right? Think you posted that a week ago, but may be mistaking the person.

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mostly cash in the options account, hedged with VXX calls. I sold SPCE, OSTK and CWH calls before the drop today, dodged a bullet there!

holding positions in IRA for now, plus some cash, but hedged there with VXX and UVXY commons. I probably should trim some tomorrow if we bounce back a little (which is just a feeling).

Tomorrow afternoon though I think we have a good probability of further drop after bounce, then Monday will probably be ugly. I'm just basing this on past recent dips and pullbacks.

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The only way to derail your plan is Congress passing a stimulus deal or announcing significant progress towards one. Never doubt the BRRRRR man

The power consumption on intc server chips are terrible Compared to amd. With EPYC progressing the way it is, I wouldn't be surprised if amd has a bigger market share in the server space than intel in 5 years or less

YNWA_AG said:

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The power consumption on intc server chips are terrible Compared to amd. With EPYC progressing the way it is, I wouldn't be surprised if amd has a bigger market share in the server space than intel in 5 years or less

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Not to mention advancing market share in consoles.... Just makes me more bullish on AMD long term.

aggiedaniel06 said:

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Not making fun. It's a high probability play. When PC 10 day MA is this low, 80% chance of a correction within 90 days.

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How about the next 30 days? Feels like we're pretty darn close, VXX curling up and liquidity drying up. No buyers stepping in today.

Amd also made a smart move in releasing those Matisse 3000xt refresh retail cpus. Forcing stores to give them more shelf space even before the 4000's hit the shelves.

Bretton Gekko said:

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High probability we are gonna see 3255 in the next 24 hrs. Im long until around there then re-eval.

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Could've used this comment before i bought a 316p at close :p
I'll call it a hedge

Ignore the consoles. The money on that side is garbage in comparison to the rest.

Edit: The biggest thing I will be looking for on AMD earnings next week is their inventory. I am fully expecting them to have reduced inventory due to the sales of low in compute (specifically laptops). If this number is lower, hold on tight.

NRD09 said:

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Bretton Gekko said:

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High probability we are gonna see 3255 in the next 24 hrs. Im long until around there then re-eval.

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Could've used this comment before i bought a 316p at close :p
I'll call it a hedge

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that's only 20 handles. really not a big deal.

$30,000 Millionaire said:

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NRD09 said:

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Bretton Gekko said:

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High probability we are gonna see 3255 in the next 24 hrs. Im long until around there then re-eval.

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Could've used this comment before i bought a 316p at close :p
I'll call it a hedge

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that's only 20 handles. really not a big deal.

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it's above the 21DMA! I was told to respect the 21 DMA!!!

Doesn't help short term but amd has been rumored to take up some of the tsmc orders from the huwaei ban