Rice and Fries said:

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NASDAQ down 2%.

10YR UST got to 74, before dropping to 68.

DIS upgraded to buy. Hopefully we can get out of these calls in the green.

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Carlo4 said:

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UpstateAg said:

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That's interesting....

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And a 50% jump last 10 min

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Prognightmare said:

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General Motors takes 11% stake and $2 billion in equity in electric truck maker Nikola

https://www.cnbc.com/2020/09/08/general-motors-takes-11percent-stake-and-2-billion-in-equity-in-electric-truck-maker-nikola-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

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Touchless said:

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Prognightmare said:

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General Motors takes 11% stake and $2 billion in equity in electric truck maker Nikola

https://www.cnbc.com/2020/09/08/general-motors-takes-11percent-stake-and-2-billion-in-equity-in-electric-truck-maker-nikola-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

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Those trucks do look pretty bad ass. Wish they had one that was a little more heavy duty or at least with a larger bed. With no engine to offset the weight of a trailer or fully loaded bed, I'd assume that could cause some issues with keeping the weight balanced and front wheels on the ground.

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CreakinDeacon said:

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Don't try to catch a falling knife on the open. Lots of retail S/L are going to trigger on the open. Believe it or not, the value is actually to the upside with this gap down for day traders. Honestly, who in the hell wants to short the QQQ already down ~$9? The QQQ isn't really on my short list unless it starts giving up the $269.20 area. Keep an eye on the 50DMA on these beta stocks that have had the massive moves during the COVID. They're strong, but if they give, lots of value on the moves down. You can do some pretty good bounce plays off of them as well, just be prepared to cut your losses if they don't hold. I personally won't even be trading in the first 30mins. Eliminating bias is important with days like today. Flipping bear to bull or bull to bear intraday isn't uncommon with days like today.

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CreakinDeacon said:

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Don't try to catch a falling knife on the open. Lots of retail S/L are going to trigger on the open. Believe it or not, the value is actually to the upside with this gap down for day traders. Honestly, who in the hell wants to short the QQQ already down ~$9? The QQQ isn't really on my short list unless it starts giving up the $269.20 area. Keep an eye on the 50DMA on these beta stocks that have had the massive moves during the COVID. They're strong, but if they give, lots of value on the moves down. You can do some pretty good bounce plays off of them as well, just be prepared to cut your losses if they don't hold. I personally won't even be trading in the first 30mins. Eliminating bias is important with days like today. Flipping bear to bull or bull to bear intraday isn't uncommon with days like today.

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$30,000 Millionaire said:

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I exited QQQ puts when they were down 4% or so (forget exact price). I picked up some SPY 336C when SPY dipped below 3350.

Also, bought 100 shares of PTON at 80.50 and just sold a 09/11 100C for 5.75. you can't make this stuff up.

Edit - 09/11 calls.

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McInnis 03 said:

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Dipping my toe.

NVDA
9/11
490/500/510c fly
$1 ea

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Bretton Gekko said:

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Breached the Friday low as expected.

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Touchless said:

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Someone smarter than me, do y'all have an idea of what may happen with ONTX now that they have closed under $1 for 10 days? Will they be given a notification and have to reply on how they plan to get back above $1? If so, I assume it's likely they would do a split and that tends to drop the price as well. I know OA seems to say buy in the low to mid $0.20s and sell in the low to mid $0.30s, but not sure how this would impact that.

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