Surely that was already priced in the market. Everyone and their dead grandmother knew that COVID was going away after the election...which just happens to be in early November...
NYT Link: C.D.C. Tells States How to Prepare for Covid-19 Vaccine by Early NovemberClutchCityAg said:
Tons of people in the 9/18 $40 Calls wowMcInnis 03 said:
Look at the volume and open interest on RKT, dear goodness, everyone and their mothers hairdresser is playing this.
Pelosi hairdresser tooMcInnis 03 said:
Look at the volume and open interest on RKT, dear goodness, everyone and their mothers hairdresser is playing this.
wonder if a fly isn't that play.ClutchCityAg said:Tons of people in the 9/18 $40 Calls wowMcInnis 03 said:
Look at the volume and open interest on RKT, dear goodness, everyone and their mothers hairdresser is playing this.
Yep, and everyone go take a look at August / Sept of 2018. Volatility continued to march upward along with S&P. Then in early October they finally got their pullback (250 points), then December came another one about the same size.Beerosch said:Prognightmare said:Personally I'm scaling back and buying protection, October SPY puts. SPX doesn't go up 150 points in 8 trading days in a normal situation. How much more good news is out there to send it higher?gig em 02 said:yesPrognightmare said:Market? Or individual stock?gig em 02 said:
is this blow off top material?
Unlimited amount of funds from the Fed
Took some profit off the table at $14.20 as a swing trade.MaroonDynasty said:
GOCO starting to run some.
UpstateAg said:
Disney trying to break 135.
gougler08 said:
DXC goal posts forming
Here.iluvpoker said:
And the melt up continues. Which is why I keep my puts in my back pocket. You can lose a lot of money betting against this fed market.
Last Thursday I posted here a 2-3 day, 1,000-2,000 Dow pullback beginning anywhere from 9/2 to 9/11. The action the last 4 trading sessions has me doing 2 things
1) pushing the start date back to 9/7-9/22
2) increasing the downside to 1,500-3,000
For now continue to enjoy the upside. Not buying any puts this week.
UpstateAg said:
Disney trying to break 135.
Yeah, this is something OA has pointed out in the past where there's a heavy volume green day followed by another heavy volume green day later on (Aug 3 and Sep 2 here). Should be a bullish sign to keep building on today's big moveBT1395 said:gougler08 said:
DXC goal posts forming
Talk to me, Goose. Bullish pattern I assume?
I actually dumped mine yesterday, made profit due to averaging down. If you're up healthy, I'd capture some profit.bigbass1170 said:
Anyone selling the TER 9/18 $90 calls here or letting it get up to $90?
UpstateAg said:
Disney just grinds, for better or worse. And then it has these spikes. Its fun to watch. I'm net free a couple more 136 calls, and have set sell targets placed. Just incredible to watch. I don't know if I will hold one over the weekend.