Are REITs gona dive some tomorrow w the Trump no evictions news?

Interesting look at VIX futures at historic highs above VIX index. This guy sees it as a potential opportunity to short volitility assuming things stay stable next few weeks.

I'm sure there is high probability option strategy someone here can explain to exploit this spread....

Look at August and Sept of 2018, gradual run up of BOTH VIX and SPX...followed by October dump. I think that pattern makes the most sense today. I would be leary shorting volatility right now.. look up UVXYTrader on Twitter, he is a pro at playing volatility (and a great follow to learn vol and options on it) if you want to go that route, advanced stuff though!

https://www.foxbusiness.com/markets/exxon-weighs-global-job-cuts-after-unveiling-australian-lay-off

ES futures up 20.

Yeah I like selling covered calls on UVXY closer in and buying calls on UUP bit further out.

Futures up 1% as there are more talks of stimulus. Good god can't make this crap up anymore.

Ranger222 said:

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Will probably take a bunch of positions off at the open. Greed gets you in trouble fast

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Had dkng on the inside bar watch today, then Michael Jordan f'd it up.

I don't disagree with a lot of the bear thesis, but I would not be short tech right now. At some point, it could just go sideways for a few months and crush all the people trading options.

The bullish counter argument:

NDX monthly close in June signaled a massive breakout from a decade long+ trend channel. The last and only other time we saw a similar breakout was Fall '96. The last few months could also be compared to first half of '95. From a fundamentals standpoint, there are some parallels. Just like then, the market was looking for price discovery on new technologies and companies that had no baseline for valuation.

There's also the 18 year cycle theory & 2008 + 18 = 2026

And the fact that long term secular bull markets have historically ended in multi year blow off tops with mass euphoria. Constantly reading opinions that a crash is coming and this can't keep going clearly tells me there is no euphoria.

Markets can be irrational for longer than lots of people can stay solvent.

And then there's the math. Just a couple of months ago, I was constantly reading articles about being overpriced at SPX 3000 with a looming correction. Here we are 2 months later where a 15% correction would put us right back there and called a huge buying opportunity.

last time it was called "irrational exuberance"

How did the political climates compare? Did we have a media that was determined to destroy the economy in order to make the pro-market president look bad?

It seems like news is driving this market a lot more than fundamentals, and the "next big news story" has given me more losses than anything else. (It's also given me more gains)

FEAC (a SPAC) is up 9% pre-market on news that they will partner with Skillz.

Been holding this one for a while waiting.

Swollen Thumb said:

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FEAC (a SPAC) is up 9% pre-market on news that they will partner with Skillz.

Been holding this one for a while waiting.

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These SPACs are insane. SPAQ, SHLL, FEAC......the epitome of speculation?

Opinions on $RKT pre-earnings release today? Short or long term play?

CrazyRichAggie said:

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MARA down 9% pre market.

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You beat me to it as I was shaking my head watching it.

Got out of my PINS position at 85% profit. I feel like it's bound to take a breather soon and then theta will eat away at it while it tries to make it to 40-44. Too late on WKHS?

NRD09 said:

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Am i the only one in crwd!? 153 in ah and still another 18.5 hours before earnings!? Unfortunately i already took profits on all my single leg calls and all i have left is 2 125/130 debit spreads that should have sold at max profit today. Need 2 emojis: happy and sad, so i choose none

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I have been long CRWD since April and unfortunately I somehow thought it was a good idea to sell some near the money calls again yesterday. Will probably roll them to lower delta strikes today.

I'm in CROWD as well and have been for the last few months. I intend to hold it for at least a few years.

Roku is one to watch. Could open near the high yesterday of 185 where it was rejected. May be an opportunity for a put if it runs early this AM.

CRWD is already freaking ramping. Can it be like ZM tomorrow?


Volatility is priced to see a $22 move in the stock.

OTM debit spreads would be a value play I guess if you want to play earnings.

Do you think ETSY is about to pop? They're above the bull flag now after the quick reversal late last week.

historyrepeats said:

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QD will report its unaudited financial results for the second quarter ended June 30, 2020 before the U.S. markets open on September 7, 2020

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Hopefully it makes a move. My avg is 1.61

fooz said:

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historyrepeats said:

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QD will report its unaudited financial results for the second quarter ended June 30, 2020 before the U.S. markets open on September 7, 2020

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Hopefully it makes a move. My avg is 1.61

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I'm avgd in at $1.82

SDC - $8.92

TWTR

txaggie_08 said:

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fooz said:

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historyrepeats said:

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QD will report its unaudited financial results for the second quarter ended June 30, 2020 before the U.S. markets open on September 7, 2020

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Hopefully it makes a move. My avg is 1.61

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I'm avgd in at $1.82

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$1.90