Anybody looking at TSNP?
My cheap insurance play here is May monthly SPY put butterfly.McInnis 03 said:McInnis 0 said:
Ever use the $SKEW? I had no idea this existed
I'm inMcInnis 03 said:My cheap insurance play here is May monthly SPY put butterfly.McInnis 03 said:McInnis 0 said:
Ever use the $SKEW? I had no idea this existed
May21
SPY 360p/370p/380p
$.59 ea
Max return $10 if SPY 370 at expiry; however, if we see a prolonged drop, these will increase in value.
Cheap insurance should we go backwards. 367-371 seems to be well supported.
I sold 100% of my position at $1.82. Will buy back when I confirm the 21 Day EMA is supported.tsuag10 said:
Anyone else doubling down on SNDL shares here?
im in the 10/12.5 call spread. Hope my exit is 12.5.aggies4life said:
$ebon showing resilience What's everyone's game plan on exit?
McInnis 03 said:My cheap insurance play here is May monthly SPY put butterfly.McInnis 03 said:McInnis 0 said:
Ever use the $SKEW? I had no idea this existed
May21
SPY 360p/370p/380p
$.59 ea
Max return $10 if SPY 370 at expiry; however, if we see a prolonged drop, these will increase in value.
Cheap insurance should we go backwards. 367-371 seems to be well supported.
I'm still holding mine at $2.27. I didn't have any stops set since I'm planning to hold longish term. I'm trying to decide if I should add more here to lower my cost.FJ43 said:I sold 100% of my position at $1.82. Will buy back when I confirm the 21 Day EMA is supported.tsuag10 said:
Anyone else doubling down on SNDL shares here?
ag94whoop said:
Anybody looking at TSNP?
Remember that QQQ is very focused on tech, so the same rules may not apply to the "broader market" tracker. 30 delta puts on QQQ for may are around 307 but I'd say 315 does have some support.StrawberryFields said:McInnis 03 said:My cheap insurance play here is May monthly SPY put butterfly.McInnis 03 said:McInnis 0 said:
Ever use the $SKEW? I had no idea this existed
May21
SPY 360p/370p/380p
$.59 ea
Max return $10 if SPY 370 at expiry; however, if we see a prolonged drop, these will increase in value.
Cheap insurance should we go backwards. 367-371 seems to be well supported.
If I were going to do this with QQQ as well, would QQQ 310p/315p/320p be a good choice for strikes?
what is your mark on that 1.62?FJ43 said:I sold 100% of my position at $1.82. Will buy back when I confirm the 21 Day EMA is supported.tsuag10 said:
Anyone else doubling down on SNDL shares here?
took a gamble on ROKU. Small play bet 490/500/510 butterfly.59 South said:
AMZN is my only green holding at the moment today. Is tha big dawg back in town?
ROKU threatening to go green as well with earnings on deck tonight.
Troy91 said:
Net free on EBON.
I like it. At some point, you gotta think Wood will be more optimistic on the earnings call OR the sell offs after his safe comments will stop since he just keeps on under-promising and over-delivering.Ragoo said:took a gamble on ROKU. Small play bet 490/500/510 butterfly.59 South said:
AMZN is my only green holding at the moment today. Is tha big dawg back in town?
ROKU threatening to go green as well with earnings on deck tonight.
Engine10 said:
Panic selling ramping up on $WWR - what a gift. March $7.5 calls on reversal...gotta be patient
OK you're off the hook. I got my sale at $4.70.Red Red Wine said:
I think this whole day has been jinxed!!
But, that was a fast jinx!!!
Estimating around $1.50ish.drred4 said:what is your mark on that 1.62?FJ43 said:I sold 100% of my position at $1.82. Will buy back when I confirm the 21 Day EMA is supported.tsuag10 said:
Anyone else doubling down on SNDL shares here?
...and now we have the green volume. Nice!Bob Knights Liver said:
WWR with the bounce off of 50-day moving average. Looks nice. I sold a buttload of puts right at the bottom. I guess I'll see if that was a better decision than my choice of wording in the previous sentence.
Edit: I'd like to see a lot more volume on that upward movement there, so I'm not too confident this is really that bottom. 100 day is $5.73-5.78 depending on how you calculate. I think we're 50/50 to see that.