I know this happens because of my lack of discipline but Lord... I can't help but think there is someone with a "drive down the price" button with their thumb hovering over it everytime I buy a BABA call. Killin me Petey!

ryanhnc10 said:

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Anyone thinking about buying casino stocks soon?

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I think everyone is freaking out about the Miami Marlins today.

I know this, long term, casinos are going to be just fine.

McInnis 03 said:

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ryanhnc10 said:

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Anyone thinking about buying casino stocks soon?

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I think everyone is freaking out about the Miami Marlins today.

I know this, long term, casinos are going to be just fine.

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See also DKNG...

Orlando Ayala Cant Read said:

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Can't find much on ZEST out there.

I know its been discussed before here but any updated thoughts from the board on this?

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If it was actually a pump and dump I think we'd have seen the markdown. Gives me confidence there is probably another leg up.

I've gone in hard on LUV but thinking about buying some UAL shares today. Thoughts?

TxAG#2011 said:

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Orlando Ayala Cant Read said:

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Can't find much on ZEST out there.

I know its been discussed before here but any updated thoughts from the board on this?

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If it was actually a pump and dump I think we'd have seen the markdown. Gives me confidence there is probably another leg up.

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If it gets to $4 I'm going to exit and take my profit on it

McInnis 03 said:

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ryanhnc10 said:

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Anyone thinking about buying casino stocks soon?

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I think everyone is freaking out about the Miami Marlins today.

I know this, long term, casinos are going to be just fine.

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isn't it a bit early in the season to be sharing a slump buster? LOL

agree though on casinos, I keep watching MGM for calls out to August. Next fib level down though is 12.42 on the daily, ouch!

Orlando Ayala Cant Read said:

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BREwmaster said:

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Orlando Ayala Cant Read said:

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It's a .50 buy right now premarket for tomorrow. (So way off the .33-35 initially talked about.)

Is .50 coming in too late on this thing?

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it's a little late, don't chase it - I would watch it at open. If it doesn't run pre-market, you may get a pullback entry after the open if you want it.

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So I've been following him the last few days now and I cannot tell if he's posting his predictions before after hours jumps, or after the jumps have already happened. For instance tonight he posted about BFCH looking up and that stock is showing +20% in after hours. So I'm not sure if he's making a prediction, or just making an observation at times and trying to take credit for a prediction?

Same with SWRM. Up 15% but not sure if he picked that increase, or if he's just taking credit or observing it.

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I think he does a bit of both... he was in on SNSS early and most likely sold half of it Friday after hours or this morning before it got shorted.

I would caution you in playing too many names. I'm only in a few of his plays, then in OSTK, OSTKO (same rights as OSTK but at a bargain still), and CWH. I found by trial and error, that if I play a ton of things at once it is too much to keep up with and I prefer it a bit simpler and smaller. I also have to balance real work with this!

I had a large position in $Wynn that I sold a couple of weeks ago when it got above $80.00 because that got me back to even with my initial investment.

If Wynn drops below $70.00, it will be hard to resist buying at least a small position. Any kind of confirmed vaccine or therapeutic that takes death off the table will have casinos and airlines take a moon shot. Fun for a small portion of your portfolio, but I can't see going in as deep as I did previously.

gougler08 said:

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TxAG#2011 said:

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Orlando Ayala Cant Read said:

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Can't find much on ZEST out there.

I know its been discussed before here but any updated thoughts from the board on this?

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If it was actually a pump and dump I think we'd have seen the markdown. Gives me confidence there is probably another leg up.

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If it gets to $4 I'm going to exit and take my profit on it

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I have a sell order in at $4 to go net free.

If I were truly to YOLO I'd probably dump everything in my IRA and load up on WYNN, MGM, UAL, LUV, CCL, and one more and not check it for abotu 20 years.

I'm interested in dipping my toes in the water on options trading with covered calls. My google fu is lacking on where I can go to find what current premiums are out there for a given stock. I currently trade with an IRA Brokerage account through Vanguard and already have approval for options trading. . .

McInnis 03 said:

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If I were truly to YOLO I'd probably dump everything in my IRA and load up on WYNN, MGM, UAL, LUV, CCL, and one more and not check it for abotu 20 years.

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Just added WYNN to my 401k and I went with DAL instead of UAL for the dividend

$30,000 Millionaire said:

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McInnis 03 said:

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$30,000 Millionaire said:

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idiot question, are you aware of an expected move indicator? I know how to calculate it, but that's a lot to do the math on today.

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Haven't seen one yet, but 85% of the ATM straddle is about as quick as I've seen.

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right. I may not be able to run that on all the earnings companies at 2:00 today.

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Considering the iron condors on FFIV, PFE, HD, & possibly MCD.........

gougler08 said:

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McInnis 03 said:

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If I were truly to YOLO I'd probably dump everything in my IRA and load up on WYNN, MGM, UAL, LUV, CCL, and one more and not check it for abotu 20 years.

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Just added WYNN to my 401k and I went with DAL instead of UAL for the dividend

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Unless I missed something, DAL no longer has a dividend as it was suspended several months ago.

AgCPA95 said:

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gougler08 said:

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McInnis 03 said:

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If I were truly to YOLO I'd probably dump everything in my IRA and load up on WYNN, MGM, UAL, LUV, CCL, and one more and not check it for abotu 20 years.

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Just added WYNN to my 401k and I went with DAL instead of UAL for the dividend

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Unless I missed something, DAL no longer has a dividend as it was suspended several months ago.

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Yeah sorry...assumption they bring it back eventually

McInnis 03 said:

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If I were truly to YOLO I'd probably dump everything in my IRA and load up on WYNN, MGM, UAL, LUV, CCL, and one more and not check it for abotu 20 years.

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I would just add OSTKO (digital version still cheaper, but same rights as OSTK), and add CWH they even have dividends, albeit small ones.

McInnis 03 said:

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$30,000 Millionaire said:

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McInnis 03 said:

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$30,000 Millionaire said:

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idiot question, are you aware of an expected move indicator? I know how to calculate it, but that's a lot to do the math on today.

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Haven't seen one yet, but 85% of the ATM straddle is about as quick as I've seen.

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right. I may not be able to run that on all the earnings companies at 2:00 today.

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Considering the iron condors on FFIV, PFE, HD, & possibly MCD.........

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good calls on all.

Roku consolidation looks like it is gearing up for a big move, no?

Been getting more into the spread game and have been following some of yals spreads. Was just making sure on ones like PFE, are yal planning on selling it today before close or do yal think it's earnings will not move it much Pre market tomorrow.

SpeedyAg90 said:

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Been getting more into the spread game and have been following some of yals spreads. Was just making sure on ones like PFE, are yal planning on selling it today before close or do yal think it's earnings will not move it much Pre market tomorrow.

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when you sell an iron condor / iron fly you are betting that the actual price move will be less than the expected move. You sell the condor before earnings and buy to close post earnings.

If you think the price will move more than that, there are other options like buying a straddle. that would have worked on INTC last week. We bet that the move would be less than the anticipated move and it ended up being more.

I gotcha, better chance on big $ when premiums are ran up from expected earnings and earnings turn to be uneventful. Correct?

SpeedyAg90 said:

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Been getting more into the spread game and have been following some of yals spreads. Was just making sure on ones like PFE, are yal planning on selling it today before close or do yal think it's earnings will not move it much Pre market tomorrow.

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My earnings plays have mostly been focused on the movement not exceeding the anticipated movement.

Say ABC is trading at 100, and the expected move is 8% based on the implied volatility. I might sell the 110/112.5C spread and the 90/87.5p spread the night before. This takes advantage of inflated premium due to the earnings announcement and if it's executed properly, you can then close out the trade soon after for some type of profit if the price of ABC doesn't zoom past what you set your strikes at.

SpeedyAg90 said:

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I gotcha, better chance on big $ when premiums are ran up from expected earnings and earnings turn to be uneventful. Correct?

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yes

McInnis - I don't know if the expected move of PFE is going to be enough to justify it. FFIV and MCD have good ranges. PFE if I'm calculating right (right now) only has a $1.50 expected move.

Aggiesincebirth said:

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Roku consolidation looks like it is gearing up for a big move, no?

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Definitely in a bull flag pattern on the daily chart

I gotcha, setting strikes right outside of volatility. Appreciate the info, another tool In the bag.

SpeedyAg90 said:

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I gotcha, setting strikes right outside of volatility. Appreciate the info, another tool In the bag.

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Just FYI, like anything else, nothing works all the time. INTC f'd me hard on Friday. Really ruined my whole day lol

For next week 8/4, I know BYND should have some big expectation.

gougler08 said:

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Aggiesincebirth said:

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Roku consolidation looks like it is gearing up for a big move, no?

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Definitely in a bull flag pattern on the daily chart

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If you get a chance can you post what this might look like? I can google what a bull flag chart looks like in general and have, but real life examples always help. If not no worries at all. Just trying to learn a little more on when to look for those.


Side note bought calls on Visa exp Friday. Thinking if it can clear $200 it will fly back to it's all time high of around $213. Got them for $0.37 per contract stike $207.5.

Cadet05 said:

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I'm interested in dipping my toes in the water on options trading with covered calls. My google fu is lacking on where I can go to find what current premiums are out there for a given stock. I currently trade with an IRA Brokerage account through Vanguard and already have approval for options trading. . .

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You can find the premiums inside of Vanguard.

Two ways to do it:
1. Put in stock ticker into upper right hand side.
2. Click on Stock
3. Go to right hand side and view options for this stock

OR

1. Click on My Accounts Buy and Sell
2. Click on Options (bottom right under Other brokerage products and services)
3. Then look at them in real-time one by one.

I hope that helps.