Can someone post an invite to the discord please?

https://discord.gg/MXhpWv9Z

Esteban du Plantier said:

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https://discord.gg/MXhpWv9Z

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Thanks!

Saw the dreaded h pattern on most time periods on the way down and then repeated 45,000 support, bought more bitcoin at 44,9xx.

Ragoo said:

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Bob Knights Liver said:

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https://www.investopedia.com/terms/d/diagonalspread.asp

You buy ATM or ITM leaps and on rips sell 1/2 to 1/3 the number of OTM calls with a shorter term to eat premium. If the stock jumps earlier than expected you still profit, if not you lower your net on the leaps.

This is a 30k move.

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a 60k move is selling the stock short on rips and pocket 100% of the premium for every $1 pull back versus delta x $1.

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I do this too, but I primarily like to sell OTM calls at the rips so I can get the additional upside if it goes up.

Where I short against calls is typically in a crazy AH or premarket move.

$30,000 Millionaire said:

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Ragoo said:

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Bob Knights Liver said:

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https://www.investopedia.com/terms/d/diagonalspread.asp

You buy ATM or ITM leaps and on rips sell 1/2 to 1/3 the number of OTM calls with a shorter term to eat premium. If the stock jumps earlier than expected you still profit, if not you lower your net on the leaps.

This is a 30k move.

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a 60k move is selling the stock short on rips and pocket 100% of the premium for every $1 pull back versus delta x $1.

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I do this too, but I primarily like to sell OTM calls at the rips so I can get the additional upside if it goes up.

Where I short against calls is typically in a crazy AH or premarket move.

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I hear you. The thing with shorting is you are not limited to contract lots. You can buy a single contract and short up to 100 shares. Better for a smaller account or on more expensive underlying.

If it's a stock you are bullish on doesn't shorting potentially lock in your gains to the your short price less your call strike? I guess you would only do this where you are fairly confident the rip has ended and retracement has started?

CrazyRichAggie said:

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barnyard1996 said:

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CrazyRichAggie said:

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Sneak peek

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Pardon me ladies, but have you ever seen the inside of a 3 series?

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One of the chicks has a hat on that says " I pee in the pool". If my wife wasn't with me I would go over and say. I need your hat, then proceed to jump in the pool with said hat on.

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hahaha, I check in late on this thread on a saturday night and it does NOT disappoint. CRA, you have reached legend status on this thread!

Esteban du Plantier said:

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Saw the dreaded h pattern on most time periods on the way down and then repeated 45,000 support, bought more bitcoin at 44,9xx.

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Yeah, this guy is full of *****
The h's continue.

Bob Knights Liver said:

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If it's a stock you are bullish on doesn't shorting potentially lock in your gains to the your short price less your call strike? I guess you would only do this where you are fairly confident the rip has ended and retracement has started?

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not exactly. If you have a call option out several years you can use the chart to find resistance levels and short a percentage of shares at those levels.

Example: say you bought the aapl $100 Jan 23. It move quickly to 145 and stalls. Short 30 shares. It pulls back to 130. Cover. Pocket $15 and you still have the $100 call. Extreme: black swan event send it down to $95. You are now +$55 on 30 shares. Instead of upside down 1 contract.

Ideally you would do this with 3 contracts. Short 100 shares to hedge, sell cc on 1, and hold the other bullish.

Ccutamu said:

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First chance I've had to get on since the seminar yesterday. I watched at the office for no interruptions because both kids were in from C Stat this weekend for my son's birthday. On the way home I meet a maroon SUV with a personalized Aggie plate with "ITM" on it. First thought was that must be OA but I just watched him behind his desk for 2 hours. Anyhow.... perhaps a good omen for the coming week.

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Are these webinars recorded? Is there any way to watch today (or any other day)?

I assumed it was from Forest as well

Can someone do a chart on $IRM and tell me what you see?

Ragoo said:

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Bob Knights Liver said:

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If it's a stock you are bullish on doesn't shorting potentially lock in your gains to the your short price less your call strike? I guess you would only do this where you are fairly confident the rip has ended and retracement has started?

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not exactly. If you have a call option out several years you can use the chart to find resistance levels and short a percentage of shares at those levels.

Example: say you bought the aapl $100 Jan 23. It move quickly to 145 and stalls. Short 30 shares. It pulls back to 130. Cover. Pocket $15 and you still have the $100 call. Extreme: black swan event send it down to $95. You are now +$55 on 30 shares. Instead of upside down 1 contract.

Ideally you would do this with 3 contracts. Short 100 shares to hedge, sell cc on 1, and hold the other bullish.

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Ragoo, I understand all of the words of what you said and about 10% of the point. My goal is to get to 100% knowing what you said.

AgPrognosticator said:

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Ccutamu said:

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First chance I've had to get on since the seminar yesterday. I watched at the office for no interruptions because both kids were in from C Stat this weekend for my son's birthday. On the way home I meet a maroon SUV with a personalized Aggie plate with "ITM" on it. First thought was that must be OA but I just watched him behind his desk for 2 hours. Anyhow.... perhaps a good omen for the coming week.

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Are these webinars recorded? Is there any way to watch today (or any other day)?

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They are recorded but you had to have been on the initial webinar to get the recording I believe. You can go to www.oa1.org to get on the waiting list for the next one.

Anyone still in CIDM? Is it still a long term, net free hold?

I think the negative side of the trade has to be explained as well:

You short for sound technical reasons and the fed announces they're not raising rates until 2030, introducing YCC, and they're gonna buy SPY and QQQ. That would drive like a 10% uplift in stocks. At that point, you either have to pay out of pocket to cover your short in order to keep the option, or you have to liquidate both, but depending on what you shorted, you came out ahead

Aggiesincebirth said:

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BREwmaster said:

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Aggiesincebirth said:

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$30,000 Millionaire said:

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Anything you guys want charted?

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CLOV and FUBO. Both have earnings early this week and I feel both are heavily owned by texags. Think both have 20% upward and downward potential but more to the upside with the recent 3 weeks. Hard to chart because of it being a more recent listing

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I'll chime in... was looking at FUBO earlier today. It's being defended pretty well above the 100 day ema. cup and long handle look to it. I like this look going into earnings (if it's possible to like any stock going into earnings).



darvas box look on the 30 minute... defending 34.70 with the exception of that sharp dip and quick rebound the 26th.



also, with BB's, at the bottom of the bands on the daily chart:

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Thank you very much for your time. My gut is Fubo runs hard this week. I love the business and subscription numbers are big.

Full disclosure I'm a big streaming believer. Also think we have 3 big waves ahead. Streaming, Healthcare Tech, and Mining for batteries. All talked about here.

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Same here on all points. I have a big week with CLOV, FUBO, and NIO reporting. Hopefully it be any worse than last week

Here's an earnings snapshot saw on Twitter this morning

Totally agree with OA.

I'll also add that there is a ton of economic reporting and Fed representatives speaking this week. Given the weakness in the market but some of the positives too, it could be most volatile.

Or pension funds start bailing on stocks for bonds and it all goes to hell

So I struggle with this. I'm 28% cash now. I'm long on AAPL, CLOV, and NIO in my retirement account.

I also own WWR, ONTX, CTRM, CIDM, PLTR in my fun money account,

Should I just exit out of those stocks I'm not net free?

So is this referring to selling off or hedging?

BREwmaster said:

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$30,000 Millionaire said:

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I think the negative side of the trade has to be explained as well:

You short for sound technical reasons and the fed announces they're not raising rates until 2030, introducing YCC, and they're gonna buy SPY and QQQ. That would drive like a 10% uplift in stocks. At that point, you either have to pay out of pocket to cover your short in order to keep the option, or you have to liquidate both, but depending on what you shorted, you came out ahead

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When is the hedge chat? and on here or are you guys thinking discord?

this message is for FJ and MFR too... and you other experts.

and a timely OA tweet that is applicable...

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Is that tweet implying that we should use the artificial stimulus check spike to trim some positions, sell some covered calls, and/or go net free if possible?

Mostly Foggy Recollection said:

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I interpret that tweet to say "should we have a rally into Fed news and the stimulus bill being passed, trim your positions and engage hedges"

I got a youth basketball game this afternoon and will get the boys down for bed then I'll post SPY levels and QQQ levels and how I will play weeklies.

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Maybe more nuance if OA were saying it himself but Foggy is 100% on the money.

If the market churns sideways it might not be a pleasant time to be long if you watch your p/l daily.

Would add that it should take at least a few days to weeks for the market to decide whether to leg down or take the escalator up.

Appreciate y'all's insight!