That's my hope. I have some 380 puts I can cash out and we can bounce.

yes, and quite a bit.

Has qqq made a h&s on the daily?

I'm very heavy in DPW myself. Think it turns around when Bitcoin goes up.

SPY puts anyone?

third coast.. said:

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anyone that uses Fidelity, how do you set up 'trade armor' on options? Best I can tell you can only set up a stop or a limit to sell on options instead of setting up both on a contract. It is pretty frustrating having to cancel an order in order to put in another one and wastes precious time.

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This bugs the crap out of me too.

This is NOT a whining about losing money on CLOV post. It is a discussion of future post for those of us that are deep in this stock at a negative position and want to create a long term strategy with it.

I am trying to figure out if CLOV has dove nearly 40% exclusively on nothing but negative news, or if it is being seriously shorted and it will eventually short squeeze and shoot back up.

shorts were only about 6.5% of float on Feb 12, but price was in low 12s already. I am thinking that shorts have been working this stock really really hard to drive it wayyyy down. And without much positivity, there hasnt been anything to slow it down. Most retail investors that were stubbornly in it for the short squeeze, eventually bailed.
I honestly NEVER thought it would fall below $10 since thats where it opened and its all time low was like $9.90

the real question on a stock like this, is what are the key timelines where we should be seeing reversal?
mid-April after all the daily lawsuit notifications stop?
Late May leading up to next the next earnings report?
Or end of year?

AgPrognosticator said:

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Ccutamu said:

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third coast.. said:

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so another ATP question...

Is there a way to make it so every time you pull up a chart it has the same setup? I have looked and can't find it. ie every time it is candlesticks and has various EMAs already on it? It is frustrating pulling something up and having to change it around to get a view I like. TIA

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Yes. There is a pic of a floppy disc. Click on it and you can save your chart.

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I wonder how many Gen Zs read this and wonder "what's a floppy disk"?

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Makes you wonder if Gen Zs don't know how to save their charts.

ag94whoop said:

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This is NOT a whining about losing money on CLOV post. It is a discussion of future post for those of us that are deep in this stock at a negative position and want to create a long term strategy with it.

I am trying to figure out if CLOV has dove nearly 40% exclusively on nothing but negative news, or if it is being seriously shorted and it will eventually short squeeze and shoot back up.

shorts were only about 6.5% of float on Feb 12, but price was in low 12s already. I am thinking that shorts have been working this stock really really hard to drive it wayyyy down. And without much positivity, there hasnt been anything to slow it down. Most retail investors that were stubbornly in it for the short squeeze, eventually bailed.
I honestly NEVER thought it would fall below $10 since thats where it opened and its all time low was like $9.90

the real question on a stock like this, is what are the key timelines where we should be seeing reversal?
mid-April after all the daily lawsuit notifications stop?
Late May leading up to next the next earnings report?
Or end of year?

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Yeah I know there is a "patience" feeling with this, but when the stock drops 10% a day, you start to wonder if this thing is actually going to zero... I watch the volume and there are no buyers only sellers every day. It's hard to watch a position drop over 50% in 3 weeks with one green day and a 30 red.

I agree I need help on a long term strategy because this is just bleeding 10% per day. I wish it had weekly calls...

If 383.50 can't hold here, we will most definitely test the 380-381 area.

Guys, look at the zones on SPY, and make you buys either way, when they are testing the support/resistance of a zone.

For example, if 383.50 holds like it just did, I bought more 390 calls on the weekly and I also added to my AAPL weekly calls.

If it fails, I'll add some 377 puts and some AAPL 123 puts.

selling part of hedges.

Mostly Foggy Recollection said:

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If 383.50 can't hold here, we will most definitely test the 380-381 area.

Guys, look at the zones on SPY, and make you buys either way, when they are testing the support/resistance of a zone.

For example, if 383.50 holds like it just did, I bought more 390 calls on the weekly and I also added to my AAPL weekly calls.

If it fails, I'll add some 377 puts and some AAPL 123 puts.

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What is your verification of "failure"? What do you look at for the confirmation?

Acceleration of volume into a move.

We flashed below 383.50 there a few times, but it was on no volume. Easy bounce back over 384.

Aggiesincebirth said:

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ag94whoop said:

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This is NOT a whining about losing money on CLOV post. It is a discussion of future post for those of us that are deep in this stock at a negative position and want to create a long term strategy with it.

I am trying to figure out if CLOV has dove nearly 40% exclusively on nothing but negative news, or if it is being seriously shorted and it will eventually short squeeze and shoot back up.

shorts were only about 6.5% of float on Feb 12, but price was in low 12s already. I am thinking that shorts have been working this stock really really hard to drive it wayyyy down. And without much positivity, there hasnt been anything to slow it down. Most retail investors that were stubbornly in it for the short squeeze, eventually bailed.
I honestly NEVER thought it would fall below $10 since thats where it opened and its all time low was like $9.90

the real question on a stock like this, is what are the key timelines where we should be seeing reversal?
mid-April after all the daily lawsuit notifications stop?
Late May leading up to next the next earnings report?
Or end of year?

---

Yeah I know there is a "patience" feeling with this, but when the stock drops 10% a day, you start to wonder if this thing is actually going to zero... I watch the volume and there are no buyers only sellers every day. It's hard to watch a position drop over 50% in 3 weeks with one green day and a 30 red.

I agree I need help on a long term strategy because this is just bleeding 10% per day. I wish it had weekly calls...

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yeah, weekly calls would help, although not much if the price constantly falls.
Need weekly calls and more vertical oscillation. I should have exited with the first fall and then re-entered way down here. but I am new, and learning...mistakes happen so I am trying to learn from this one. just trying to figure out how long this investment will be tied up. We need more upshoots like we had a couple days ago to sell CCs on while we wait.

Bought wwr and EBON long

What's everyone's thought on the cruse business. I had been watching CCL and was thinking of jumping in if it got to $25, but they were just talking about it on tv and made me wonder what you all think? Cruises have never really been my thing but I know a lot of people who love them and who are counting the days until they can go. Thoughts?

See if UBER can break $55.75

Probably a dumb question, but here goes.

When you buy the call I presume you have no intention of actually buying the 100 shares, so what's the play? Do you resell those, or close them out? How do you unload them and not get stuck.

I am trying to following the options work here and see how the process goes after you buy a call on the SPY.

third coast.. said:

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wanderer said:

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SDC at the bottom of it's channel again. Eyeing 4/16 $13 calls

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It fell just below the channel and now the support has become immediate resistance on the minute chart. Funny to watch how that works

PLTR Jan 2023 25Cs are about 11.00 right now... that seems like an amazing deal to control $2500 worth of shares for that long

I trade the contracts on one-sided weeklies. I never have any intention of owning SPY. I play the zones on it.

That's definitely been what's had me hesitant as well. Seems like a lot could go wrong with them just sitting around.

Thanks for helping

irish pete ag06 said:

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third coast.. said:

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anyone that uses Fidelity, how do you set up 'trade armor' on options? Best I can tell you can only set up a stop or a limit to sell on options instead of setting up both on a contract. It is pretty frustrating having to cancel an order in order to put in another one and wastes precious time.

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This bugs the crap out of me too.

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I think you have to set up a "Conditional" > "One Cancels the Other" order

Why is almost 90% IV an amazing deal?

Ukraine Gas Expert said:

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Probably a dumb question, but here goes.

When you buy the call I presume you have no intention of actually buying the 100 shares, so what's the play? Do you resell those, or close them out? How do you unload them and not get stuck.

I am trying to following the options work here and see how the process goes after you buy a call on the SPY.

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Once you are up 50%, 75%, 100% on your calls, or if you incur losses and you are ready to dump them, you can simply close them out by choosing "sell close" on your calls. You should be intentional in doing this if you don't want to get assigned on the expiration date, and you should be aware, you can get early assigned (on the day of expiry), so I rarely hold my calls all the way till expiration.

I have a sneaking suspicion you'll be talking to yourself about this very post in the near future.