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25,060,776 Views | 233821 Replies | Last: 11 hrs ago by Ragoo
McInnis 03
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McInnis 03 said:

Guess I get to keep my AMC shares another week lol $2.97 close on short $3 calls


Ok, I got executed on these. Someone help me here. How? Close was 2.97. I see AH it spiked, but I thought it was based on close price?
Charismatic Megafauna
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Someone on here once told me that options contracts are liable for after hours price action, but the tda rep i asked the same question said price at close dictated whether it expired itm/atm/otm.

The holder can exercise at any time, right? Not sure why they would though, unless they have inside info of a surprise dividend or it was part of a huge buy they were trying to keep on the downlow or something?
FJ43
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McInnis 03 said:

McInnis 03 said:

Guess I get to keep my AMC shares another week lol $2.97 close on short $3 calls


Ok, I got executed on these. Someone help me here. How? Close was 2.97. I see AH it spiked, but I thought it was based on close price?
I am not sure if this applies but I was using the chat function with support on TOS the other day to understand apparent duplicates on T&S, volumes, etc. and volume bars at the close and their response was that some institutional buys do not report until the end. So quite possible it was counted in at the 'reported' spike I show at 4:04EST or prior but reported with a slight delay.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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BREwmaster said:

FJ43 said:

BREwmaster said:

NIO 60C!
The 11/20 60c at #1.57?

Too late....went in. Volume on those today has been 57,975...WOW
Yep, I literally just bought 1 at market close. The volume is jaw dropping. May add a few more next week, see how Monday goes. Maybe $51 this morning was just the first blow off top, the next could be crazy!

oh and this gem!


Game on! I will look to pick up a few more Monday if this confirms and let'em ride.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Betoisafurry
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I've had the reverse happen with sold puts. Closed a few cents under the strike price and I didn't get assigned the shares.
oldarmy1
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Esteban du Plantier said:

Dale Earnhardts Stache said:

Are we in shares of MBIO or options?


I like playing with MBIO for whatever reason, so I have shares, sold calls, cash secured puts, and some leaps that I sell calls against (poor man's covered calls).

It's just a cheap stock that I can try all sorts of mildly bullish theta strategies on.


I have hundreds of naked $2.50 Puts representing 200k shares. If we break upward those entered at $0.75 will be a big factor towards net free share status.

And yeah, any of you guys wanting a larger position with some upside potential but more conservative exposure can use $5 covered calls out to as far as March on any spikes near $3.50 on a portion.
$30,000 Millionaire
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Not as aggressive as you, I have 50 November monthly $2P contracts in addition to 10K shares. I will use the premium for more shares once it settles next week.
$30,000 Millionaire
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OA,

I apologize if this has already been asked: what is your macro take on the market now? I originally believed we would see volatility, beginning with up first, then down. Now it appears we are heading to 3800 and downside is like 3200, if we even get to that.

The fundamentalist in me says this is ridiculous and market cap to GDP is insane, but there is no alternative, especially if the dollar declines more.
oldarmy1
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Markets are loving to see the political battles because it validates there is Gridlock ahead. Too early to get a longer term macro view but the sideways action is allowing us to trade the ranges for now. How much this takes energy away from a rally once things finalize politically is a good question.
McInnis 03
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$30,000 Millionaire said:

OA,

I apologize if this has already been asked: what is your macro take on the market now? I originally believed we would see volatility, beginning with up first, then down. Now it appears we are heading to 3800 and downside is like 3200, if we even get to that.

The fundamentalist in me says this is ridiculous and market cap to GDP is insane, but there is no alternative, especially if the dollar declines more.


I posted a vix graphic last week that showed lots of bullish history based on similar vix behavior as we have had. I'll see if I can find that
McInnis 03
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$30,000 Millionaire said:

OA,

I apologize if this has already been asked: what is your macro take on the market now? I originally believed we would see volatility, beginning with up first, then down. Now it appears we are heading to 3800 and downside is like 3200, if we even get to that.

The fundamentalist in me says this is ridiculous and market cap to GDP is insane, but there is no alternative, especially if the dollar declines more.


$30,000 Millionaire
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Crazy. Wonder if #11 will be different.
$30,000 Millionaire
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I did a bunch of research today, here are some things I'll be watching. Would love your input.

  • PG - would like to catch this on an 8 EMA reconnect for a push to $147 or higher, Dec monthlies. Need to watch for ATH resistance at $147
  • AMT - like the setup here. Would like to get this at $240 for easy push to $249/250. If $250 clears, $260
  • GILD - want OA opinion, but we could be in a long running model T up to $67
  • FDX - like this here, $270 - $290, Dec monthlies
  • DG - no idea what to think about this, but I like the stair steps. I may buy above $216 for push to $225
  • CVNA - want to get this at $205 for target move to $228
  • NOW - move to $528 or ATH. I don't have conviction on this and want to see relative to /NQ
  • MSFT - this looks great, want to see us hit $228
  • FB - like this for move to $292 - Dec monthlies
  • JPM - very interesting pattern to me. Can we see an abandoned baby on the weekly?
  • PEP - I knew I should have bought this earlier. I first noticed this last week and didn't do it like a dumb ass. I like this with an 8EMA reconnect, target 147 or higher
  • SFTBF - I hate Softbank, but this is in major consolidation. Wondering if this doesn't puke.
cottonpicker
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If lockdowns come I wonder if Tdoc comes back?
ProgN
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cottonpicker said:

If lockdowns come I wonder if Tdoc comes back?
I suspect lockdowns may occur in blue states. Red governors will tell Biden to GFH. Abbot better tell him to ****off because Texas GOP is urging Allen West to primary him. I'll vote for West, but I'll never vote for Abbott ever again, he failed Texas.
$30,000 Millionaire
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Allen West is a nut job. I met him at a fundraiser and noped out after talking to him.
ProgN
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He's better than Wheels.
McInnis 03
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Be better than that. Call him by name, leave physical differences aside.
MRB10
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Thanks for posting that. I was really confused for a second as I thought wheelsjkslim was the govna.
“There is no red.
There is no blue.
There is the state.
And there is you.”

“As government expands, Liberty contracts” - R. Reagan
Jet Black
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Who is wheels?
Whitehouse Road
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Abbott
ProgN
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McInnis 03 said:

Be better than that. Call him by name, leave physical differences aside.
Honestly, IDGAS, his shutdown orders have bankrupted some close friends and neighbors. They don't know how to play the markets to generate income and are on the verge of losing everything they've built because politicians think they can stop an airborne virus with a 99.996% survival rate with stay at home orders and a bandana over your face. My business actually profits more with the lockdowns but I'd rather have regular sales figures with my neighbors whole than them not being able to sleep and consumed by fear. I have zero respect for Abbott and my disdain for him grows daily.
khaos288
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Prognightmare said:

McInnis 03 said:

Be better than that. Call him by name, leave physical differences aside.
Honestly, IDGAS, his shutdown orders have bankrupted some close friends and neighbors. They don't know how to play the markets to generate income and are on the verge of losing everything they've built because politicians think they can stop an airborne virus with a 99.996% survival rate with stay at home orders and a bandana over your face. My business actually profits more with the lockdowns but I'd rather have regular sales figures with my neighbors whole than them not being able to sleep and consumed by fear. I have zero respect for Abbott and my disdain for him grows daily.


But what does any of that have to do with him being in a wheelchair?
Colt98
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Why are people so sensitive? If I was in a wheel chair I would want my nick name wheels. Take this talk to f16
McInnis 03
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Colt98 said:

Why are people so sensitive? If I was in a wheel chair I would want my nick name wheels. Take this talk to f16


I'll admit I take flippant comments such as the above a bit more personally because of my daughter's disabilities. I just think we can be better to criticise people for legitimate reasons rather than physical differences that they may have no control over.

But hey, that's what makes me....me.
Spaceship
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McInnis 03 said:

Colt98 said:

Why are people so sensitive? If I was in a wheel chair I would want my nick name wheels. Take this talk to f16


I'll admit I take flippant comments such as the above a bit more personally because of my daughter's disabilities. I just think we can be better to criticise people for legitimate reasons rather than physical differences that they may have no control over.

But hey, that's what makes me....me.

Agreed, I'm in the camp of erring on the side of kindness...especially when it's regarding someone who may not see it your way
Colt98
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He does have plenty of reasons for concern. And point taken Mc.

So how we going to get paid this week. Appl, Wdc, net, nio, rkt, hd, zm, roku???
McInnis 03
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Colt98 said:

He does have plenty of reasons for concern. And point taken Mc.

So how we going to get paid this week. Appl, Wdc, net, nio, rkt, hd, zm, roku???


I see lots of the fintwits eyeing FedEx and I don't disagree. I think ups and fdx go nuts this season. Think how many folks aren't traveling and have to send presents this year....
Spaceship
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FJ43
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Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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We should track the hit rate of these players. It would be interesting.
Thundergon
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Amazon is setting up a squeeze on the weekly timeframe. Definitely keeping my eye on that one.
Spaceship
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Thundergon said:

Amazon is setting up a squeeze on the weekly timeframe. Definitely keeping my eye on that one.

That's the one I have my eye on too and curious what you technical guys think about it's setup.
Thundergon
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Just my opinion, but looks like on the daily timeframe it has been putting in higher lows and lower highs on each wave forming a wedge. Other than that it looks like junk. Really has to clear all the supply zones above 3172 to have room to run to 3340. The only reason I am interested in AMZN right now is because of the weekly squeeze.
$30,000 Millionaire
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Spaceship said:

Thundergon said:

Amazon is setting up a squeeze on the weekly timeframe. Definitely keeping my eye on that one.

That's the one I have my eye on too and curious what you technical guys think about it's setup.
This is hard to predict because that squeeze could fire to the short side. On a monthly basis, Amazon has not reverted to its 21 period mean since March and it's hanging out around +2 ATR. Going down to +1 ATR would take it to the 2,800 range. Amazon has been in a multi year uptrend, but it routinely touches +1 ATR before going higher. The question for now is whether or not Amazon is consolidating for a further move higher or is going to regress to the mean. On a monthly basis, +3 ATR is 3,500, below ATH at 3552. I think ATH will provide fierce resistance on any upwards move. I should also point out that Amazon has not reconnected with its monthly 8 EMA since April. It's close now ($2900).

On a weekly basis, Amazon has closed below it's weekly 8EMA multiple times and it has been touching it's weekly 21EMA. The 8/21 weekly EMAs have not crossed since late 2018. It keeps retesting it's 21, will it break below?

On a daily basis, Amazon closed below its 8, 21, 34, and 55 EMA this week, and there was a test of the 89 yesterday, which it closed above. Amazon has closed below the daily 89 multiple times Keep in mind it is underperforming the market right now and has what appears to be a failed C&H in October.

tl;dr - I don't see anything that represents a high probability play on it, maybe iron condors. It could be entering a wedge on the daily prior to resolving. I'd want to see over 3185 to consider anything long and below 3070 to play anything short, personally.



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