Good grief who decided to flush the macros???

PFE vaccine issues apparently. Algo trading off headlines?

McInnis 03 said:

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$SPY

TIMBERrrrr

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could be the top.

$MexicanCementCompanyNotToBeNamed

Just sold Jan $6.00 covered calls after this tasty recent run up. If someone wants to give me $6.30 for my shares, they can have 'em! Ole!!!

Best guess is Pfizer saying they would only ship 50% of what they thought they could of the vaccine this year due to supply chain issues. But still, that reaction is kinda ridiculous...

McInnis 03 said:

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$SPY

TIMBERrrrr

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It is easy to see which stocks have strength behind them when that happens.

Loaded up on SPY 366C's for Friday on that drop.

McInnis 03 said:

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Loaded up on SPY 366C's for Friday on that drop.

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I will buy at 3:14 for tomorrow.

Red Friday?

McInnis 03 said:

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Loaded up on SPY 366C's for Friday on that drop.

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$SPY
And already dumped them on that next big red candle. Watching the 1mins right now.

You still holding AMZN?

Man what did you guys do? I'm on the phone for a work call for 20 minutes and it all goes to hell.

$ET and $MP looking good through all this. Unfortunately, so is $MGNI

Don't worry guys... MGNI still holding strong

CPDAggie10 said:

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Man what did you guys do? I'm on the phone for a work call for 20 minutes and it all goes to hell.

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One of the McInnis twins scalping everyone's stuff

wanderer said:

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The way I've approach WWR is to sell Feb 7.5P for $3.25. Either pocket the premium or get assigned @ $4.25

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Did this with 1/15 $7.5 for 2.55, gives me shares at 4.95

$30,000 Millionaire said:

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oh my god, we're back to levels not seen since earlier this week.

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Lol

i think $amd consols more, but who knows.

my favorite non-aggie follow:

jwhitlock3 said:

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wanderer said:

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The way I've approach WWR is to sell Feb 7.5P for $3.25. Either pocket the premium or get assigned @ $4.25

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Did this with 1/15 $7.5 for 2.55, gives me shares at 4.95

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$WWR
I also sold some May $5P for $2.10. Not expecting it to get assigned, but a 40% ROI on something I wouldn't mind owning.

Mr President Elect said:

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jwhitlock3 said:

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wanderer said:

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The way I've approach WWR is to sell Feb 7.5P for $3.25. Either pocket the premium or get assigned @ $4.25

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Did this with 1/15 $7.5 for 2.55, gives me shares at 4.95

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$WWR
I also sold some May $5P for $2.10. Not expecting it to get assigned, but a 40% ROI on something I wouldn't mind owning.

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Long ball! Only the strategist bank these because most live in the moment. Blue star for you.

McInnis 03 said:

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You still holding AMZN?

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yes. $AMZN sells off on Fridays. I am going to add 3300/3400 for Jan.

krosch11 said:

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$Roku
is trending nationwide on twitter.

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Is it really? Any reason? I don't get on twitter a lot but tried to search and didn't see anything.

$AMD

Yea I'd posted earlier today if we saw a breach of 92, a flash down to 90 would be a good entry. 92 held all day so it might have been the bottom and might not have. Still think we get 100 in the next two weeks which was my play when I entered 87.5 calls 12/18 over two weeks ago. I'm being patient with it. Can withstand a little more consolidation if that happens.

Ps good to see you back. We need moar posting from you!

I'm trying real hard to learn so when OA stops posting I can continue to trade successfully but I still really don't understand this and I know I wouldn't be able to spot it on my own.

If you keep looking for them you'll be astounded at how many times there is a big swing up or down and that swing gets retraced 50%. Once you get a feel for it it will help to keep you from chasing because you'll actually want the swing to finish so you can figure out a Model T retracement zone (40%-60% for example) and then set alerts for it! If the alert doesn't go off, then oh well, but getting to set an alert and forget about it and not FOMO is great for risk management.

For example a recent winner I had was from a daily chart of RUN, you'll see the monster move over a few months from 20 to 80, then month after it had an intraday flash down to 50 for a perfect Model T which was a perfect time to hop in for some ATM calls.

(I am no expert so take what I say with a grain of salt but using it for instances like this gives me a very solid win rate)

And this is always looking at the 1 minute candles?

CrazyRichAggie said:

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And this is always looking at the 1 minute candles?

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It can apply to any time frame. If you are watching 1 Min you may have to be quick since within minutes it can reverse and be out of the opportunity. Example would be earlier on this thread where McInnis was in and out in minutes of an options play (scalped it or took a quick in and out trade for a profit). Try starting by looking at Daily or Hourly and apply the methodology.

Great practice to just pick any stocks on a chart with a rise or fall and draw some "T"s on it and see how repetitively this happens. After you do that a few times it will be one of the the easiest to spot.