Big red amzn candles all over the place. Riding puts for a bit.
Stock Markets
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Last: 4 hrs ago by $30,000 Millionaire
Lots of bullish technicals forming on stocks that have been mentioned here (GE, GOCO, SDC)
Bob Knights Paper Hands
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Challenger 17 said:
What are your thoughts on ONTX? The volume has dropped off significantly. I'm thinking this is a spike similar to 9/18/20-9/21/20 where it goes back to around .25 instead of jumping to the next level.
I am unsure as well. Over the last 5 days the volume on 30 minute candles is all green. That along with (likely because of) the insider buying has me holding at the moment. If it goes back down below .25 I'm likely buying again and playing FJ43's and OA's buy/sell cycle to try to get and then accumulate net free. What's that ONTX range again - $0.24 to $0.40?
Orlando Ayala Cant Read
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AG
$30,000 Millionaire said:
Sorry for not posting much. End of year stuff when you're a sales type is always busy.
Macro thoughts - I think we are range bound for the next two weeks. The sell will come either mid Dec or Jan.
Range bound means overall bearish expecting some decent sell off?
anddddddddd that's over with.McInnis 03 said:
Big red amzn candles all over the place. Riding puts for a bit.
Bob Knights Paper Hands
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I'm trying to use today to buy back those GOCO $10P at my fist basis. This got too close for comfort yesterday
Bob Knights Paper Hands
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I agree it looks like SPY will consolidate for awhile or have a small pull back. However political news could push this up or down without care for the charts. Election finality or disruption could be a mover as well as renewed stimulus rumors.
gonna sell puts on that b.Engine10 said:McInnis 03 said:
PLTR 21.50
AMZN is definitely going for an inside day here unless the bottom drops out. That's a consolidation day, means options get chopped up like a mofo. I'll try to update later today just before close what the prospective levels to watch tomorrow will be based on todays daily candle. Inside days can make for a predecessor to a moving day the next day.Talon2DSO said:
Amzn keeps disappointing today
volatility is too low to get huge upward momentum without a catalyst. A digestion is required, which either comes through time based consolidation or reversion to the mean.Orlando Ayala Cant Read said:$30,000 Millionaire said:
Sorry for not posting much. End of year stuff when you're a sales type is always busy.
Macro thoughts - I think we are range bound for the next two weeks. The sell will come either mid Dec or Jan.
Range bound means overall bearish expecting some decent sell off?
Look how many days we have been above the mean. That has to touch at some point.
Was looking at 1/15 $20P for $3.00, either shares at $17 or 15% return felt like good return to me. What were you planning?$30,000 Millionaire said:gonna sell puts on that b.Engine10 said:McInnis 03 said:
PLTR 21.50
everything I touch is disappointing today. got wrecked on AMD, ugh! back to playing monthlies on everything.Talon2DSO said:
Amzn keeps disappointing today
Bob Knights Paper Hands
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I hear ya. I bought a little IEA today after it bounced off 21ema and bought a little SSTK that I saw here. Overall I'm green today but it hasn't been fun. A lot of my holdings that I root for have been down today.
The lowest GOCO has ever gone was an intraday flash to $10.02. Yesterday it flashed down to about $10.05. I used the flash down to sell a few more puts since being called out at $9.55 is much lower than my avg cost. It looks like a double bottom to me on the daily and the line in the sand is $10. JMO
Someone slap me I'm considering adding to my RKT position
Bob Knights Paper Hands
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Come on CWH, close above $31.5 today you ****ty *****
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Agreed, which was the reason I chose that to sell puts. I canceled my buy to close orders. I'm going to ride this into shares or keep my cash.
9,643,411th timetam2002 said:
Someone slap me I'm considering adding to my RKT position
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
FJ43 said:9,643,411th timetam2002 said:
Someone slap me I'm considering adding to my RKT positionismight beacharm
I'm in!
$19.92ish is a test for support. Bounced here a few times the past 10 days.tam2002 said:FJ43 said:9,643,411th timetam2002 said:
Someone slap me I'm considering adding to my RKT positionismight beacharm
I'm in!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Freakin AMZN and these 20-30 pt swings.
SNAP looking to try $47 again.
SNAP wants 47
Getting pretty tired of Amazon not moving the past 6 months
and as soon as I whine and post, markets rip! Well done staying green today!Bob Knights Liver said:
I hear ya. I bought a little IEA today after it bounced off 21ema and bought a little SSTK that I saw here. Overall I'm green today but it hasn't been fun. A lot of my holdings that I root for have been down today.
If we break 367, I think it's game on! (and long term channel and trend broken to the upside).
Don't do it, you will regret it! But if I'm wrong, i'll be happy since I'm still holding my 12/4 $21 call.tam2002 said:
Someone slap me I'm considering adding to my RKT position
ET may be making another run. Added to my 1/15 7c.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Prognightmare said:
ARLO volume is insane and won't dry up tomorrow. If you can catch it in the $6-7 range it will probably give you at least $1 swing tomorrow at the open. Easy overnight trade to swing a few thousand shares with. Stock is cheap enough so I wouldn't rec options. JMO
Did you mean it would swing to the downside at least $1?
It needs to go. I'm net free but still holding quite a few options.
Same. Added to my net free when it reversed around 6.33tlepoC said:
It needs to go. I'm net free but still holding quite a few options.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Keeps touching 47 and getting rejected. Have to imagine it gets through soon.Dan Scott said:
SNAP wants 47
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