OSTK has been decimated. About 50% hair cut so fast from ATH.
I think a lot of people would take some 500$ winners todayJet Black said:khaos288 said:Nice win!Jet Black said:
Made a quick $500 on AAPL 9/4 115p. Probably could have been more but I don't feel like sitting here and watching it all day.
Thanks and thanks for the help. It isn't a lot of $ but making money on any options trade, I'll take it.
They are volume weighted avg price levels starting off the different bottoms he's marked.Square Pair said:tsuag10 said:
What are the blue, green, and black lines called? Also, does TD provide that graphing or do you have to subscribe to another service?
Brian Earl Spilner said:
Apple is eating me alive.
It's amazing to think one year ago we were racing towards the first Trillion dollar company. And now it sits at 2T.Jet Black said:
How far can aapl realistically drop today?
Depends on what was in your account. Were you buying tech at the highs the last couple months? Are they blue blood dividend stocks? Too many unknowns to give you an answer. If it was random tech that just went along for the ride, I'd dump it. If it is a blue blood, I'd look to add more at the next major support as long as it holds.hedge said:
So what about buy and holders like myself ? Just not look at my accounts and keep throwing money at it ? When do I man up and take an L
There is a market latency on several brokers right nowMaroonDynasty said:
Etrade is slow AF right now
Some perspective on number 2. I bought 355puts at .90 each a few days ago. Those are worth 18.53 right now. Huge account saver but I got stupid thinking I'd take some gains and lock them in.McInnis 03 said:
I think if you learn a lesson during your adventure, it's important to post it here. We need to teach each other as much as giving picks and fun stories, etc.
Two painful lessons I've learned this week, learn from me. (Many of you will laugh at me for these, but hey, share and learn is better than learning alone).
1) When VIX is rising WITH the Indicies, this is a bearish divergence that you HAVE TO pay attention to. It's worth taking some risk off when this appears.
2) DO NOT TAKE RISK OFF ON HEDGES. I screwed myself by capping myself by taking risk off on SPY puts yesterday. Had I not converted these puts to small put spreads I'd have saved myself SEVERAL percentage points. I try to be risk averse, and this cost me big yesterday. Let your hedges run or fail. They're there for a reason.
...or maybe notBob Knights Liver said:Maybe this is rotation but with everyone being skittish it started a sell-off everywhere? Pre-market is up for every sector except for tech and industrialMcInnis 03 said:
You'd think. I know tech was the first causality today, but the rest pretty much followed....
If so should we expect an overall red day for the market but a small green day for financials, energy, consumer discr/staples, and health care?
Exact same issues I had this week. My cut was to take profits earlier and be happy and others I should have closed faster and taken the loss. FOMO F'ed meMcInnis 03 said:
I think if you learn a lesson during your adventure, it's important to post it here. We need to teach each other as much as giving picks and fun stories, etc.
Two painful lessons I've learned this week, learn from me. (Many of you will laugh at me for these, but hey, share and learn is better than learning alone).
1) When VIX is rising WITH the Indicies, this is a bearish divergence that you HAVE TO pay attention to. It's worth taking some risk off when this appears.
2) DO NOT TAKE RISK OFF ON HEDGES. I screwed myself by capping myself by taking risk off on SPY puts yesterday. Had I not converted these puts to small put spreads I'd have saved myself SEVERAL percentage points. I try to be risk averse, and this cost me big yesterday. Let your hedges run or fail. They're there for a reason.
Same here, ill double up on MGNI though when the knife stops falling.Aggie_2463 said:
Man I get off the sidelines in QD, MBIO, MGNI, ONTX and get crushed. Figures.
Still holding DIS calls?oldarmy1 said:
Brutal selloff but the gap filled so some value buying here makes sense.
oldarmy1 said:
Brutal selloff but the gap filled so some value buying here makes sense.
Number 1 is exactly why I was nervous on Wednesday, so I thinned out my winners, dumped my losers and bought a 9/9 SPY 356P.McInnis 03 said:Some perspective on number 2. I bought 355puts at .90 each a few days ago. Those are worth 18.53 right now. Huge account saver but I got stupid thinking I'd take some gains and lock them in.McInnis 03 said:
I think if you learn a lesson during your adventure, it's important to post it here. We need to teach each other as much as giving picks and fun stories, etc.
Two painful lessons I've learned this week, learn from me. (Many of you will laugh at me for these, but hey, share and learn is better than learning alone).
1) When VIX is rising WITH the Indicies, this is a bearish divergence that you HAVE TO pay attention to. It's worth taking some risk off when this appears.
2) DO NOT TAKE RISK OFF ON HEDGES. I screwed myself by capping myself by taking risk off on SPY puts yesterday. Had I not converted these puts to small put spreads I'd have saved myself SEVERAL percentage points. I try to be risk averse, and this cost me big yesterday. Let your hedges run or fail. They're there for a reason.