Don't you think that's already baked into the market?

$30,000 Millionaire said:

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I can't speak for you guys, but I have no interest in being in $TSLA at these ranges.

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I agree, but how do you play it? Premiums are outrageous, and I'm not liking the risk prospects of a simple short.

$AMZN is in a very tight range, a move from +1 ATR on the daily could be easy money. Very compressed on the weekly, could move up for earnings.

sometimes the smartest move is not to play.

$30,000 Millionaire said:

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sometimes the smartest move is not to play.

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This. I don't touch TSLA options up here.

Colt98 said:

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oldarmy1 said:

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Query

What is everyone's profession?

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My friends say my profession is "I married a doctor"

I say- contractor, rancher, real estate investor,

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Rule 1?

It would really be crazy if $FB caught a bid. Lots of people are mad at them, and it can create the conditions for a short squeeze. Above 272 or below 265 and I'm very interested.

The options are not very liquid, but $GOOGL looks ready to go. Daily squeeze. Look for 8 EMA touch as a good entry. Very possible this gaps and goes.

Watch for inverse cup and handle forming $TWTR

$SCUD has probably bottomed. but don't be idiots, use put credit spreads if you enter.

Is $ABT on your radar? If not, it should be. Daily squeeze, watch for volume, target $115+

I like the pattern on $WMT. Daily squeeze, watch for volume. Could benefit from rotation trade, I don't know if it will move with the market or have relative strength.

Last one. $CMCSA (comcast). They're dicks, but daily squeeze and could challenge ATH.

$30,000 Millionaire said:

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Is $ABT on your radar? If not, it should be. Daily squeeze, watch for volume, target $115+

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I had put this one on my watchlist just before Christmas after the 9M volume day but hadn't entered so far. Have been eyeballing the Feb 115c.

You in this one?

I have shares that I've been selling CC against. I think I want to do put credit spreads for late Jan. I can't say why I'm nervous, but I just don't know how much longer this rally can go. Stimulus and fed help a lot, obviously. Fewer buyers.

Thanks for the info. Sorry for the late reply. It's been one of those weeks. I think this helps. A couple clarifications - when selling calls/puts, do you set the sale price of the call/put? And I assume when you are selling a call or buying a put, you've got the own the shares to create those transactions? If so, what happens if you sell the shares before the option expires, and they then hit the strike price?

And NRD09, don't worry. I'm not going to do something I don't understand. Best advice I've ever been given.

What are your thoughts on CWH. I got in around 31 when it looked like it broke out back around mid NOV but since it has resumed it's downward trend. I think you said you were in it?

zwhag2010 said:

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What are your thoughts on CWH. I got in around 31 when it looked like it broke out back around mid NOV but since it has resumed it's downward trend. I think you said you were in it?

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$CWH is not a trade for me, but a long term buy and keep. Marcus Lemonis is as good as it gets for management, and these guys are a juggernaut in their space. It is bull crap that their stock trades for less than 10X earnings.

From a pure chart perspective, descending channel. Daily and weekly squeeze. Over 30 to start another breakout attempt.

Traderstewie seems bullish and watching it.

oldarmy1 said:

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Query

What is everyone's profession?

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Engineering, focus in supply chain and manufacturing

$30,000 Millionaire said:

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zwhag2010 said:

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What are your thoughts on CWH. I got in around 31 when it looked like it broke out back around mid NOV but since it has resumed it's downward trend. I think you said you were in it?

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$CWH is not a trade for me, but a long term buy and keep. Marcus Lemonis is as good as it gets for management, and these guys are a juggernaut in their space. It is bull crap that their stock trades for less than 10X earnings.

From a pure chart perspective, descending channel. Daily and weekly squeeze. Over 30 to start another breakout attempt.

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Thanks for that info and chart! If additional stimulus/tax refund happen maybe people will start buying some more RVs

Is there an option play on BA tmrw considering the 737 crash in Indonesia over weekend?

Old plane, and not a max, in a country with worst safety record. May be a buying opportunity?

$30,000 Millionaire said:

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Watch for inverse cup and handle forming $TWTR

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I'm wondering if there isn't an open drop and Model T opportunity on options to scalp. Some of these could have initial volatility regardless of where they end up.

We could very well have a big red day tomorrow, but this just makes me laugh. We are at prices not seen since Friday.

oldarmy1 said:

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Query

What is everyone's profession?

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Real Estate Investor
Property Management/RE Sales
Self Employed Destin, FL

I think qqq's get beat up on the overnight

Professional Engineer, Manager of a fabrication group

BlueTaze said:

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Is there an option play on BA tmrw considering the 737 crash in Indonesia over weekend?

Old plane, and not a max, in a country with worst safety record. May be a buying opportunity?

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If it spikes down in the pre-market I'm likely buying more Jan2022 calls. I'll look at strikes in the $230 to $250 range. I would think of it as buying on the way down since you never know if this will be a short dip or continue falling for a few days or weeks.