$30,000 Millionaire said:

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TheCellarDoor said:

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I'm ready to dump Fidelity, and I want the full extended market (3am to 7pm) with GTC orders including extended hours. I know interactive brokers offers that, but their mobile app reviews are terrible. Any experience with Webull? Any others to check out?

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same camp as you, but I am not a mobile app trader.

I use TOS as my secondary, but their fees suck. I am also looking at Tasty Works.

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tasty works is great for structuring and placing orders, terrible for charting and research.

I know you don't day trade but have you gotten around Fidelity's policy against opening same day option trades? I have been meaning to call them about that to see if there's something they can do to take that off my account.

I don't sell naked calls ever and I only sell naked puts when I would like to acquire shares at that price. If I want to waste some money on premium for same-day TSLA multi-leg option trades they should have a coke and a smile and fill my orders.

No, but I think that is relatively new as in the past few months. It's absurd really that they don't allow it now. I've never bought same day options but have thought about it occasionally especially with SPY like yesterday with the gap down open. If and when I become more active (ie "retire" from corporate bs) then it would be a deal breaker for me.

M.C. Swag said:

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Anyone else seeing the reddit militia being rallied for GME, BB and PLTR? I'm seriously considering putting 10k into these 3 stocks on Monday.

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Here's the story behind the GME short squeeze. Does it make sense to chase those after they spike though? Seems as though they are ripe to be shorted back down again.

My question is more about how do you screen/find the NEXT one that is overly shorted?

https://www.vice.com/amp/en/article/qjpx8w/how-chaotic-redditors-made-gamestop-stock-skyrocket-and-made-short-sellers-cry?__twitter_impression=true

Honestly, its not a bad strategy. WSB is absolutely killing it. I use to follow before this thread took off, because it was hard to sort through the BS. But lately its been insanity. A few on that sub-reddit made over 100k on the GME calls, many made 10's of thousands off small option plays.

Probably will never happen again, but awesome to see people striking it good.

https://www.reddit.com/r/stocks/comments/l3e54f/gme_infinite_gamma_squeeze_gap_in_option_market/?utm_medium=android_app&utm_source=share

Should be able to run a scanner ranked on highest short % each week and look for any over a cutoff. Then review those stocks.

Does tasty works offer 3a-7p trades and GTC extended trades?

hours I don't like:

https://tastyworks.freshdesk.com/support/solutions/articles/43000504673-when-are-market-trading-hours-

Because I'm cheap and I do all my banking with Chase I have been using JP Morgan for investments and You Invest for my self directed swing trading. I hate not being able to operate after hours and it has almost no real tools but it's free and does trade pretty quickly.

Anyone left them in favor of other options?

Spaceship said:

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M.C. Swag said:

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Anyone else seeing the reddit militia being rallied for GME, BB and PLTR? I'm seriously considering putting 10k into these 3 stocks on Monday.

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Here's the story behind the GME short squeeze. Does it make sense to chase those after they spike though? Seems as though they are ripe to be shorted back down again.

My question is more about how do you screen/find the NEXT one that is overly shorted?

https://www.vice.com/amp/en/article/qjpx8w/how-chaotic-redditors-made-gamestop-stock-skyrocket-and-made-short-sellers-cry?__twitter_impression=true

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AMC and EXPR I hope

$TAK. A bunch of you guys are in this one. It could gap and go at open. I would grab this on a dip.

$30,000 Millionaire said:

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$XL I am in this with shares and I will sell $20P. Do you see your entry? Don't be surprised if this runs.

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I'm your Huckleberry.

$DIS. This could explode upwards (to $183). Look at those gaps, though. Holy s. If you enter, have a tight stop at $169

$GM. This is a short opportunity, either via puts or call credit spreads. I would personally enter when price goes below $54.22 and I would have two targets: gap fill down to 51.50 area and reversion to mean at 49 area.

$NVDA. We could be getting near time to fly.

I don't play options at all. Just straight stock.
So the risk reward is different.

I exited most positions last week and only holding $SDC and $UPWK. I expect to move on $UPWK this week but not sure how smile direct will play, hoping a rapid uptrend is on the way.

I'm trying to figure out if PLTR, GME, EXPR, GILT or any other active movers would be good buy-ins on Monday for a 1-7 day swing.

If you haven't shared already, what is your preferred way to hedge here? I'm holding stocks I don't necessarily want to sell yet because I think they have long term potential, but I'm also up enough that I don't want to lose everything (and don't have enough shares in all of them for covered calls).

Ive seen OAs spy puts and the UVXY shares, but do you have any other hedging tricks that you like?

As always, thanks for these charts.

If you get the chance, can you do one for sunw or give your opinion. I have someone wanting to know what move to make on it after a large gain. .38 from may to now at $22ish....wanted to get an opinion from someone who knows charts and relay it to him...thank you.

I've had my eye on XL think I'll take a position Monday

I've been in XL for a while now. Agreed on upward movement this week. Any catalyst and those shorts will cover fast as this one has a lot of eyes.

What I love about XL is that they ARE NOT a EV manufacturer of new cars. They retrofit existing, meaning their cycle time is very short from order to payment versus others in this space.

When analysts look at their Cash Conversion Cycle and Op Margin versus peers, it is always going to be a strong point.

Been waiting on 600 for a while now.

gig em 02 said:

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If you haven't shared already, what is your preferred way to hedge here? I'm holding stocks I don't necessarily want to sell yet because I think they have long term potential, but I'm also up enough that I don't want to lose everything (and don't have enough shares in all of them for covered calls).

Ive seen OAs spy puts and the UVXY shares, but do you have any other hedging tricks that you like?

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At the moment, I have a large base of SPXU shares that I haven't gotten rid of. I have felt real pain holding these, but they are a hedge and I will get triplicate gain on the downside. I chose this path because the timing is unclear. Like OA just pointed out, IDGAF about the value declining on these because my gains from trades like MSFT, TDOC, and PLTR have more than made up for it.

For strategies, I like put butterflies that are pretty wide on SPY/QQQ (or my favorite SPX/NDX). I think doing a 3650/3550/3450 SPX butterfly is likely a low cost, high return trade if we have a correction. Straight up puts are OK too. I would go far enough out in time and in price where a 5-10% drop in the market has a mega return and your capital outlay is good.

Covered calls are actually a good hedge too because you are lowering your basis and keeping the shares.

A guy I follow and respect is pounding the table on GNPX and GOED. I'm doing my DD tomorrow but curious of others thoughts.

He thinks both are multi baggers from here.

GNPX looks good. Is GOED an IPO or was it something else before? GOED looks like a solid rounded bottom pattern.

GOED came live in July of last year.

Thank you so much for taking the time!

I've been taking a second look at BB all weekend because how much it's being pumped on WSB.