Dang MBIO flashed down to $2.78 and had orders in for $2.75. Story of my life always a few cents short.

oldarmy1 said:

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AMD $100 Dec 24th for $1.....I just have to do it

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In

cptthunder said:

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Slappy007 said:

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PRSP's chart is getting pretty tight. Should see a break soon. Anyone else taking a position?

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Looks pretty good to me, gonna keep an eye on this one at the open tomorrow and probably grab some 25c for either Dec or Jan depending on macro market
Shoot the price of the Dec 25c @0.16 looks like a why not kinda bet

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Got busy this morning and missed the Dec 25c @ 0.16 entry but went ahead and got some fills at .20 and was able to sell 40% to go net free with 30% profit cushion
Did the same for the Jan 25c with the large volume spike just after 3:30

I bought 12/24 CVX $96c for $1.50...

DIS about to break $160 after hours.

NIO with another offering

NIO offering, BTFD!

BREwmaster said:

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NIO offering, BTFD!

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RIP my NIO $60 12/11 calls. Bought these back at $53ish when I was so sure. Now I have watched that dream burn.

VTVT holy cow! wish I'd got in. It was a ZackMorris play (buddy of Ripster's). It was around 2 when he posted it, now near $4! It's a bio though, would've just been for a quick scalp.

so is NIO worth buying and holding at this price?
I know the crazy year runup and all. I know this is a trading thread but I also keep thinking this isn't a bad long term play.....EV....China market.....will easily expand to other countries and while there are trade issues with China (rightfully so that is still lopsided) you know Biden is going to push for more EVs here in US.

if anything I'd think it's worth a small position just in case it still explodes from here. I was holding out for sub 40 but not sure it's going to get there. Even with new sale it's still north of 40 AH

thoughts??

I'll wait for 40 or less, bet I get that chance. JMO

BREwmaster said:

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VTVT holy cow! wish I'd got in. It was a ZackMorris play (buddy of Ripster's). It was around 2 when he posted it, now near $4! It's a bio though, would've just been for a quick scalp.

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How the heck do you follow that guy's plays before they pop? His tweets and hilarious gifs all seem to be retroactive/celebratory and his Atlas Trading site is real confusing. I'd love to follow his tracks but can't figure out how he communicates them.

talk to me about tesoro ?

oldarmy1 said:

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CIDM short write-up yesterday. Sony would be most likely to scoop them up.

https://investorplace.com/2020/12/cidm-stock-what-to-know-about-cinedigm/

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OA, what tells you that CIDM may be bought out? Thanks!

SLS news for anyone in it

https://www.streetinsider.com/dr/news.php?id=17709252

SLS ranking hard this morning.

I must have missed NRZ. Is there a specific accumulation buy range we are looking for?

DIS up $12.45 (8%) pre market. Nice green in an otherwise red morning.

oldarmy1 said:

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Trap close yesterday. So far this big negative ES Futures has nothing turning over. Everything is within recent channels. Would take losing $360 SPY to get a likely correction underway. Otherwise this is embarrassing for bears. Still PINS and AMD are only 2 options currently as I was thin. No shares buying except 2021 small cap position building in WWR, CIDM and NRZ. Waiting for that flash down on MBIO to buy back shares. Close yesterday but need that shake spike.

I had picked up a small $SPY $367 call expiring today and after hours it came back above that mark to short shares against half. Only mistake there is I placed a $364.50 buy back knowing I wasn't waking up overnight and it filled. Left meat on that bone.

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OA would you go with the Monday expiry on SPY puts?

tramaro1 said:

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oldarmy1 said:

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Trap close yesterday. So far this big negative ES Futures has nothing turning over. Everything is within recent channels. Would take losing $360 SPY to get a likely correction underway. Otherwise this is embarrassing for bears. Still PINS and AMD are only 2 options currently as I was thin. No shares buying except 2021 small cap position building in WWR, CIDM and NRZ. Waiting for that flash down on MBIO to buy back shares. Close yesterday but need that shake spike.

I had picked up a small $SPY $367 call expiring today and after hours it came back above that mark to short shares against half. Only mistake there is I placed a $364.50 buy back knowing I wasn't waking up overnight and it filled. Left meat on that bone.

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OA would you go with the Monday expiry on SPY puts?

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I have the $330 Puts to Jan 15. I would go out to there regardless of strike price because short term moves will only drop you cents versus dollars. Example is I placed those on at $1.54 and they only dropped to $1.32 as markets continued running. But they spiked to $2.14 on the 10th to sell 25% and then came back down to buy back in the $1.60's. This morning I'll sell 50% on the premium pop and hold the rest to see if markets fail. Otherwise I will wait and then move out past inauguration day for $330 Puts again.

If I were to look to a short term SPY option trade it would be a spread to Wednesday $2 either side of the open. If we rise into the open I'd buy the Put first and see if a quick down draft hits to maybe be able to get the call side within $1 tightening the spread. Use the volatility and uncertainty knowing big moves up or down are coming versus the tight stair-stepping action we've had.

Aggie1391 said:

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SLS news for anyone in it

https://www.streetinsider.com/dr/news.php?id=17709252

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I tried reading this and now my head hurts way to much for it being this early in the morning
Anyone have a read if this is good or not?

PINS is trying to go divergent to markets. Still, if it opens anywhere around here the options are up from entry so decide to hang in, sell enough to regain most if not all capital or exit amidst uncertainty.

AMD only down 45 cents now.

AMZN cut its loss in half.

cptthunder said:

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Aggie1391 said:

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SLS news for anyone in it

https://www.streetinsider.com/dr/news.php?id=17709252

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I tried reading this and now my head hurts way to much for it being this early in the morning
Anyone have a read if this is good or not?

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Trying to figure that out as well. Based on the stock reaction of up 175% someone likes it but I'm not sure what it says.

Seems to say phase 2 was very promising. But sample size was 19.

Maybe I misheard, but anyone watching CNBC this morning? Sounded like Cramer was advocating for wealth redistribution.