I sort of agree with Loyal. I think this week might be calm, but I think we get some barfing between now and 3/19, maybe as soon as Tuesday / Wed.
If you make your first buys Monday you would be making them $5+ lower than my initial entries. That should give you some confident perspective. If I were to be making my initial buys Monday, based on the markets reversal look, I'd "cheat" another $5 lower entry by selling the April 9th $117 naked puts for $3+. If AAPL has bottomed you are going to pocket the $3 premium. If AAPL consolidates more and have hit your $117 next $5 lower price then you would actually be entering at net $114.StrawberryFields said:Thanks, this is a great strategy!oldarmy1 said:I flipped to shares as described on here and outlined the strategy in shorter form just now on twitter.StrawberryFields said:Do you think the April $40 calls would be a good play here?oldarmy1 said:
You see this volume reversal on a stock like NIO and you have a hard major support bottom set. Now the question becomes is the macro market sell off over or more to go? I see all the scenarios people are looking for but NIO should be a first in buy. Amazing volume, topped off by a 1.5M minute in the early afternoon.
It was my one large after hours purchase, having been away from the screens today. I watched the large sell candle at $38.50 and bought at $38.40 after seeing small time traders bailing in 8 share to 500 share trades. It worked for that institution driving out the weak. Then we had a 60k share buying spree the last 5 minutes of after hours trading.
The set up looks like immediate continuation but if the macro markets have any selling into a double bottom retest that left side daily pattern, I am willing to wager another steak and lobster dinner, will NOT extend beyond Model T pullback.
I haven't pulled up any other charts but will look for my Top 5 and post similar chart findings. As for NIO? Not a single time has it not made a 35% ADDITIONAL trend move upward after posting a 200M+ buy side share day. Not a single time. I like those odds.
You need to see how much resistance it has at the $128.75 area. Break that and it cruises to $136 area to complete a cup.
StrawberryFields said:Thanks, this is a great strategy!oldarmy1 said:I flipped to shares as described on here and outlined the strategy in shorter form just now on twitter.StrawberryFields said:Do you think the April $40 calls would be a good play here?oldarmy1 said:
You see this volume reversal on a stock like NIO and you have a hard major support bottom set. Now the question becomes is the macro market sell off over or more to go? I see all the scenarios people are looking for but NIO should be a first in buy. Amazing volume, topped off by a 1.5M minute in the early afternoon.
It was my one large after hours purchase, having been away from the screens today. I watched the large sell candle at $38.50 and bought at $38.40 after seeing small time traders bailing in 8 share to 500 share trades. It worked for that institution driving out the weak. Then we had a 60k share buying spree the last 5 minutes of after hours trading.
The set up looks like immediate continuation but if the macro markets have any selling into a double bottom retest that left side daily pattern, I am willing to wager another steak and lobster dinner, will NOT extend beyond Model T pullback.
I haven't pulled up any other charts but will look for my Top 5 and post similar chart findings. As for NIO? Not a single time has it not made a 35% ADDITIONAL trend move upward after posting a 200M+ buy side share day. Not a single time. I like those odds.
You need to see how much resistance it has at the $128.75 area. Break that and it cruises to $136 area to complete a cup.
ag94whoop said:
I have come to realize many of y'all are pretty damn good at this. I got myself in a pickle because I simply made a few buying errors and didn't want to get out cause I like the stocks long. In the end, I won't get the level of return I would like because my buy in price was too high, but with patience, i should be ok.
My main question for y'all, is assuming we see points below 3700 in the coming week or two, finally bottom out, do you see a U recovery or a V recovery? And do you think summer is too soon to anticipate recovery?
$30,000 Millionaire said:
OA - I wouldn't bet against you on NIO because I think you're right, but I would do it to be on the hook for a steak and lobster dinner.
McInnis 03 said:$30,000 Millionaire said:
OA - I wouldn't bet against you on NIO because I think you're right, but I would do it to be on the hook for a steak and lobster dinner.
Btw, this is smooth here. Dude takes a willing losing bet to get a visit with OA. Winners win in the end. Kudos.
ag94whoop said:
I have come to realize many of y'all are pretty damn good at this. I got myself in a pickle because I simply made a few buying errors and didn't want to get out cause I like the stocks long. In the end, I won't get the level of return I would like because my buy in price was too high, but with patience, i should be ok.
My main question for y'all, is assuming we see points below 3700 in the coming week or two, finally bottom out, do you see a U recovery or a V recovery? And do you think summer is too soon to anticipate recovery?
fundamentally sure. But there is a huge backstop to the stock market and that is the corporate 401k indexed to the market.$30,000 Millionaire said:ag94whoop said:
I have come to realize many of y'all are pretty damn good at this. I got myself in a pickle because I simply made a few buying errors and didn't want to get out cause I like the stocks long. In the end, I won't get the level of return I would like because my buy in price was too high, but with patience, i should be ok.
My main question for y'all, is assuming we see points below 3700 in the coming week or two, finally bottom out, do you see a U recovery or a V recovery? And do you think summer is too soon to anticipate recovery?
Don't forget the stock market is not the economy. I think we should be trading at 2750 right now, but here we are. Don't rule out that we can go there again with the specter of rising yields, inflation, and persistently high unemployment. The fed will not deploy yield curve control unless the market goes down first.
Aggiesincebirth said:
If you are a long investor, this week was a dream situation for Apple and Amazon. Seeing Amazon at sub $3k is a dream. It won't a ton daily but when Amazon moves it will be a $4,500 stock. I'm in at $850 and I buy on dips. Look at the last consolidation. 1.5 years then 100% up. I think this is a MA stock we don't talk about because it's expensive and too well known
I will speak for me - I think this is a really good place to add shares. That does not mean OTM calls are going to pay. They might, but not a trade I'd take until the macro markets are confirmed to have bottomed. NIO will have resistance at 44 and 47.fastgreens said:
Attempting to figure out what everyone is saying.... NIO March 19 45-50 Calls on Monday?
Typically gbtc is at a premium in relation to btc. So it is undervalued. Grayscales says it was worth 46 on Friday.LOYAL AG said:AgShaun00 said:
Anyone notice gbtc was less than BTC at closed. If that is true than loading more on Monday.
Don't really follow BTC closely except to the extent I'm in a few related plays. Teach me something here. Why is this significant?
Prophet00 said:
30k, what are your thoughts on VEON? Earnings were subpar, but they did announce the agreement with MasterCard. Been relatively stagnant.