Do you guys know of a way I can look at the chart of a specific option after the fact?
From a learning standpoint, I think it might be good for me to be able to look at the chart for the underlying stock as well as the chart for a previous option contract.
I'm wondering if there would be any websites out there that would have this feature and I'm just not aware of it.

Looks like there are a few pay ones like www.getvolatility.com but haven't seen free ones.

tsuag10 said:

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Do you guys know of a way I can look at the chart of a specific option after the fact?
From a learning standpoint, I think it might be good for me to be able to look at the chart for the underlying stock as well as the chart for a previous option contract.
I'm wondering if there would be any websites out there that would have this feature and I'm just not aware of it.

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You can do it on tda. Just click the specific option and click show details then chart

khaos288 said:

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tsuag10 said:

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Do you guys know of a way I can look at the chart of a specific option after the fact?
From a learning standpoint, I think it might be good for me to be able to look at the chart for the underlying stock as well as the chart for a previous option contract.
I'm wondering if there would be any websites out there that would have this feature and I'm just not aware of it.

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You can do it on tda. Just click the specific option and click show details then chart

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This works for active options. For past ones I believe you should do this to get the nomenclature used for options of this stock, then copy, change expiry date,, and enter. I think that works.

It's championship week for earnings

It's insanely powerful. I was overwhelmed at first. I'm more comfortable with it now but I still probably only use 30% of it

tsuag10 said:

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I'm on Robinhood and I just downloaded Thinkorswim and started messing with the paper money version.

Wow, Robinhood is super simplified (that might not be a good thing, idk) and this tda app is going to take me a while to get my bearings.

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Robinhood is the learning version of a trading app. Think or swim from tda is a full featured (for better or worse) brokerage app. Complex trading strategy templates. Advanced analytics. Chart drawing formulas, etc.

If anyone uses 100% of tda, it's their day job.

It's a lot more than that as I have traded around it. I have had my shares called away many times just to buy it back later.

$30,000 Millionaire said:

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So the nasdaq closes below its 8 and 21 EMA (albeit, very close to 21 EMA). The close of yesterday also was below the low of the previous high day. Do we count this as a confirmed reversal?

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Going strictly by EMA's this is not a confirmed reversal yet, in fact still pretty bullish.

I expect we will test the daily 50 SMA which will be around 10k and bounce hard off it. This should also cause the 8 & 21 EMA to almost crossover which will be defended hard.

Once we bounce upwards, if a solid correction is to follow, we will reject back downwards from the 21 EMA.

Another question for my teachers here:

Call option spread scenario:
Bought 1 $60 c
Sold 1 $65 c
Stock price moves from $59 - $66 prior to expiration.

I think I understand that ideally we would like to buy/sell to close the spread at $64-64.50, right? But Sometimes it shoots past before you have the chance to close it.

What happens if I get called on my $65 c that I sold?

ETA: I do not own the underlying stock.

I feel like next weeks earnings are enough to keep the markets from falling off a cliff, but after that and depending on how they are?

I think we could see a selloff, positioning for that potential anyway

aggiedaniel06 said:

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As I posted somewhere before, I took a massive position in AMD in 2015 when it was trading at $2.

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Define massive!?

$100k+? $50k?

Thanks. Just wanted to make sure that I wouldn't be on the hook to actually purchase 100 shares for some reason.

Even better! Well done.

tsuag10 said:

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Thanks. Just wanted to make sure that I wouldn't be on the hook to actually purchase 100 shares for some reason.

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If you have to purchase the shares, just sell them!

Whatever you do, don't break your vertical when the short call is ITM on the hopes that the long call will run. That's how you turn a good trade into a huge loss.

$30,000 Millionaire said:

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tsuag10 said:

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Thanks. Just wanted to make sure that I wouldn't be on the hook to actually purchase 100 shares for some reason.

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If you have to purchase the shares, just sell them!

Whatever you do, don't break your vertical when the short call is ITM on the hopes that the long call will run. That's how you turn a good trade into a huge loss.

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I was looking at this now - all have crossed on the 4 hour, 10034 on the daily (right now). Still a 4% move which is a big deal. Doubt it comes Monday.

If you are looking at the 4H chart you'll notice that the 9 & 21 EMA have crossed over quite a few times since April and every time it has found support at the 200 SMA, which it did again this past Friday.

This is why TA and MA's aren't the be-all, end-all. We can always find something to fit our narrative.

crosses at ~3, 5, 6 weeks ago. I am a fundamental investor first. That's why my head is exploding over market cap to GDP and S&P P/E being at extreme highs. The dollar crashing is much more interesting to me.

https://www.wsj.com/articles/wells-fargo-tightens-purse-strings-to-ride-out-coronavirus-pandemic-11595669400?mod=hp_lead_pos1

Keep an eye on FirstEnergy (FE, NYSE), utility out of Ohio. They just got caught in a bribery scandal that slashed their stock, but they're a lone-time steady earner that will surely head way back up once the dust settles and any fines are paid.... and they pay dividends.

This is more of a long-term payoff than a quick-flip.

BREwmaster said:

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gig em 02 said:

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Snss went from .35 to .5 after hours I NEED ANSWERS JUST THROW THAT SMOLLIET FAKE AG IN JAIL AND GIVE ME SNSS ANSWERS

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yeah the patent with BIIB as another poster mentioned, also buyout rumors, but those could just be rumors.

More importantly, lots of bullish technical indicators firing on it. Also the volume AH was legit, not just a few shares type pump.

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So what's the play? Jump in at the bell on Monday morning, watch it shoot up to a $1.00, then sell & profit.

aggiedaniel06 said:

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Yeah I'm right there with you. I was just saying that the more we stare at charts, the more conflicting information shows up, and we mostly only end up registering whatever fits our bias.

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I don't know what to think right now, I have clearly been wrong on being bearish the last 3 months. It seems to be Federal Reserve vs. Fundamentals. We can say it's FOMO, BTFD, or anything else, but it's just those two things.

If you had asked me in December where the SPX would be if we had 15% unemployment, a pandemic, an actual shutdown, 35% of households in loan payment assistance programs with lenders, protests, a likely Joe Biden victory, trillions in stimulus, and Chinese conflict, I would have told you 1500 - 1800 even with fed bazookas deployed.

I don't see economic conditions improving in 2H 2020. Right now, I think SPX 4000 is more likely than SPX 2600. Stock market is unstoppable.

How does Trump's EO effect the pharmaceutical outlook near term?

Ubitag said:

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Going to try a different method to make a profit.

Rather than buy when stocks are rising...I am going to buy when they are down.

Might work.

Oil stocks are down yet oil is climbing.

Loaded up with
MRO
NS
XOM
TPL

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Only lost 1.5% of my wealth...a solid showing for my forecasting I must say.


Gonna let it ride another week and hopefully be even once I sell (minus fees of course).

Ubitag said:

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Ubitag said:

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Going to try a different method to make a profit.

Rather than buy when stocks are rising...I am going to buy when they are down.

Might work.

Oil stocks are down yet oil is climbing.

Loaded up with
MRO
NS
XOM
TPL

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Only lost 1.5% of my wealth...a solid showing for my forecasting I must say.


Gonna let it ride another week and hopefully be even once I sell (minus fees of course).

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Did you go options or stock? If stock then O&G was always going to be a long hold

I may be off base but I think the money that would go to Vegas with sports is going to the market right now. It's a bunch of betting and it's keeping the market afloat

Ha fair enough - just hoping I can hit on one of those 35x'ers and have the balls to hold for that long.

I had a big position in NFLX in early 2012 and have traded around it and have made good money; but no where near what it would have been had I held the whole thing the whole time (50x+). Kicking myself big time for that.

Don't worry. It was hard to see NFLX meteoric rise.

Two years out of A&M, my roommate at the time was receiving these red packages in the mail and thats how I found out about this company called Netflix and how you could setup a list of movies and they would mail you the DVD's and that they also had some limited titles you could stream at the time.

I thought this was a game changer and used my bonus that year to buy 1000 shares of NFLX for around $30 (pre 7:1 split, so around $5 by today's SP) and sold it in 2017 for around $150. I thought they had an existential risk once their discounted contracts with the studios expired. Sure enough, a few months later, it went parabolic.

I don't beat myself up over it because I didn't sell out of fear or thinking the "price was too high" (although valuations did start to bother me). I had a good reason to sell and I was wrong, but you move on.

$30,000 Millionaire said:

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aggiedaniel06 said:

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Yeah I'm right there with you. I was just saying that the more we stare at charts, the more conflicting information shows up, and we mostly only end up registering whatever fits our bias.

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I don't know what to think right now, I have clearly been wrong on being bearish the last 3 months. It seems to be Federal Reserve vs. Fundamentals. We can say it's FOMO, BTFD, or anything else, but it's just those two things.

If you had asked me in December where the SPX would be if we had 15% unemployment, a pandemic, an actual shutdown, 35% of households in loan payment assistance programs with lenders, protests, a likely Joe Biden victory, trillions in stimulus, and Chinese conflict, I would have told you 1500 - 1800 even with fed bazookas deployed.

I don't see economic conditions improving in 2H 2020. Right now, I think SPX 4000 is more likely than SPX 2600. Stock market is unstoppable.

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The other missing piece is that fundamentals based on Covid-19 shutdown numbers is temporary unless you believe this is the new normal. I don't think most people do - that either a vaccine will come out or we'll learn to deal with the virus while returning closer to our normal behaviors. Right or wrong I do think that plus the Fed is why P/E and other fundamentals from the last 6 months don't correspond to prices as they normally would.