I'm taking a small chance on Silver rebound here. Oct 16 ATM calls for me.

Alright Team, I've got another setup I'm watching closely the next couple of days into next week. Haven't had time to annotate the chart yet though... AMD looking really tight. Thinking calls in the 82-85 range out a month or so... there is pretty high premium on them though right now though for sure... thoughts anyone?



Adding in the hourly that shows the clean falling wedge:

CrazyRichAggie said:

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WoMD said:

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KT 90 said:

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$MARA: nice you see you can join the group in green. Please stay

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Still down over 60%. I remember the days when people were saying we hit the low at around 3-3.3. Should've bailed at that point instead of holding. Nemesis stock.

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Same

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It definitely has a ways to go. It has been pounded lately, along with bitcoin that seems to drive this one.

Thoughts on CWH sub $29? By some miracle I sold when it went over $32 yesterday.

I bleed maroon said:

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CreakinDeacon said:

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I only do LEAPS on betas and it is usually following a $1MM+ option flow. If I see an order of $3MM on AAPL 1/21 $120C, I generally think they know what they're doing. I'm not a super smart person, but I'm smart enough to know there are a lot better people doing this than myself and if they're willing to plop down 7-figures on a single strike, I'll take a shot at it.

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The only flaw in this logic is that they may be hedging against a much larger position in the underlying stock. That said, I've seen far worse justifications for opening a position.

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I set my filters to eliminate opening positions and only do sweeps. I don't do blocks.

Credit to Prog yesterday for calling out NIO if it went down to 17 or under. It's now trying to cling onto the month long bull flag... I thought it had broken to the downside for good today but looks like it may have been a shakeout...

Jet Black said:

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Thoughts on CWH sub $29? By some miracle I sold when it went over $32 yesterday.

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Well done! I really don't like the price action the last couple of days on it. To be clear... and I know I've pumped it quite a bit, but it's a long term buy for me. My average is around 30.

29 is/was clear support that may be breaking so it could easily go down to 25. On my time horizon I'm ok with that. If I was looking for a new entry, it would either be once it gets back over 29 and holds it, or it flashes down to 25. Kinda nowhere land right now. I'm surprised it hasn't bounced today back over 29. I don't find it to be that good of a trading stock at all.. it's long term fundamental investment for me.

Interesting...I always thought PM was pre-market and AH was after hours. Just differentiating between before the market opens or after it closes

MARA is getting volume spikes at certain levels. Looks like some people are accumulating at those levels waiting it out.

CreakinDeacon said:

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I bleed maroon said:

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CreakinDeacon said:

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I only do LEAPS on betas and it is usually following a $1MM+ option flow. If I see an order of $3MM on AAPL 1/21 $120C, I generally think they know what they're doing. I'm not a super smart person, but I'm smart enough to know there are a lot better people doing this than myself and if they're willing to plop down 7-figures on a single strike, I'll take a shot at it.

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The only flaw in this logic is that they may be hedging against a much larger position in the underlying stock. That said, I've seen far worse justifications for opening a position.

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I set my filters to eliminate opening positions and only do sweeps. I don't do blocks.

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Cool. How can you tell if the sweeps aren't a post-purchase hedge for an existing underlying?

WYNN may be a good option play for short term rebound, held the $69 line again

I bleed maroon said:

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CreakinDeacon said:

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I bleed maroon said:

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CreakinDeacon said:

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I only do LEAPS on betas and it is usually following a $1MM+ option flow. If I see an order of $3MM on AAPL 1/21 $120C, I generally think they know what they're doing. I'm not a super smart person, but I'm smart enough to know there are a lot better people doing this than myself and if they're willing to plop down 7-figures on a single strike, I'll take a shot at it.

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The only flaw in this logic is that they may be hedging against a much larger position in the underlying stock. That said, I've seen far worse justifications for opening a position.

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I set my filters to eliminate opening positions and only do sweeps. I don't do blocks.

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Cool. How can you tell if the sweeps aren't a post-purchase hedge for an existing underlying?

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It's not a flawless system, but typically the hedges are purchased in blocks. After I see the large sweep and make sure it's not an opening order, I'll adjust the filters and see if more smaller sweeps come in behind it with size. That's the indicator I use. I'll check the L2 order flow too to see if some massive blocks were purchased as well. I'd say this method works 75-80% pf the time. You can play these a couple ways when it happens. You can gamma scalp the **** out of them if you get them soon enough for some quick cash flow or you can ride out the party. For me it just depends on my mood and if I'm buying into strength or off of weakness.

The QQQ has been putting in a higher high and a higher low on every hourly candle since the open. Extremely bullish

59 South said:

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Jet Black said:

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Thoughts on CWH sub $29? By some miracle I sold when it went over $32 yesterday.

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Well done! I really don't like the price action the last couple of days on it. To be clear... and I know I've pumped it quite a bit, but it's a long term buy for me. My average is around 30.

29 is/was clear support that may be breaking so it could easily go down to 25. On my time horizon I'm ok with that. If I was looking for a new entry, it would either be once it gets back over 29 and holds it, or it flashes down to 25. Kinda nowhere land right now. I'm surprised it hasn't bounced today back over 29. I don't find it to be that good of a trading stock at all.. it's long term fundamental investment for me.

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Sold some 10/16 $28P for $2.25.

CreakinDeacon said:

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The QQQ has been putting in a higher high and a higher low on every hourly candle since the open. Extremely bullish

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270 on deck. How it handles it should be telling.

Touchless said:

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Interesting...I always thought PM was pre-market and AH was after hours. Just differentiating between before the market opens or after it closes

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I think he typo'd that. You're correct. PM = Pre-Market and AH = After Hours

2nd to last 1HR aapl candle got me laughing

All wick, no..........body

CreakinDeacon said:

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I bleed maroon said:

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CreakinDeacon said:

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I bleed maroon said:

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CreakinDeacon said:

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I only do LEAPS on betas and it is usually following a $1MM+ option flow. If I see an order of $3MM on AAPL 1/21 $120C, I generally think they know what they're doing. I'm not a super smart person, but I'm smart enough to know there are a lot better people doing this than myself and if they're willing to plop down 7-figures on a single strike, I'll take a shot at it.

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The only flaw in this logic is that they may be hedging against a much larger position in the underlying stock. That said, I've seen far worse justifications for opening a position.

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I set my filters to eliminate opening positions and only do sweeps. I don't do blocks.

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Cool. How can you tell if the sweeps aren't a post-purchase hedge for an existing underlying?

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It's not a flawless system, but typically the hedges are purchased in blocks. After I see the large sweep and make sure it's not an opening order, I'll adjust the filters and see if more smaller sweeps come in behind it with size. That's the indicator I use. I'll check the L2 order flow too to see if some massive blocks were purchased as well. I'd say this method works 75-80% pf the time. You can play these a couple ways when it happens. You can gamma scalp the **** out of them if you get them soon enough for some quick cash flow or you can ride out the party. For me it just depends on my mood and if I'm buying into strength or off of weakness.

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Sounds pretty thorough - I'd tend to directionally agree with your 75-80% accuracy estimate. Keep sharing these, as I know most of us don't have access to this data. Thanks!

59 South said:

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CreakinDeacon said:

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The QQQ has been putting in a higher high and a higher low on every hourly candle since the open. Extremely bullish

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270 on deck. How it handles it should be telling.

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270 area should see a bit of initial resistance. You've got the 60min bolli at about 270.20 and the 10DMA at 270.85.

Still, any close over the 267.5 gives short term bull bias for me.

well, I've had a good day.

I bought AMZN 300C at the open. Just sold.

I don't think we're done with downside, folks.

$30,000 Millionaire said:

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well, I've had a good day.

I bought AMZN 300C at the open. Just sold.

I don't think we're done with downside, folks.

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Of course you don't.

I'm also leaning some more downside... not entering anything new or doing much at all until some clarity. I'd like to see some capitulation to put in a solid bottom.

I think QQQ 250 and SPY 313 would do it unless we can get back over 280 & 342.50. That's my story and I'm stickin' to it. Now off for a pub dinner! Y'all chaps can have at it!

Once this fully disseminates, QQQ gonna pop hard

SUPER FRIENDS

Dan says it best.

59 South said:

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I'm also leaning some more downside... not entering anything new or doing much at all until some clarity. I'd like to see some capitulation to put in a solid bottom.

I think QQQ 250 and SPY 313 would do it unless we can get back over 280 & 342.50. That's my story and I'm stickin' to it. Now off for a pub dinner! Y'all chaps can have at it!

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I don't see a catalyst that will cause panic capitulation. This garden variety correction doesn't scare me.

You see a hot British woman in her 40's that wants to move to Texas, tell her you have a good friend.

Ranger222 said:

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Hello fellas. Time to put some money to work?

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Howdy, whatcha looking at Ranger?

Here y'all Vale people go

UpstateAg said:

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Dan says it best.

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I dunno I'd kinda like to hear Sam's thoughts on the matter