Added more NGL down here around $2.50

UVXY almost at its 52 week low. Just saying.

I had some 3/12 390 SPY Calls that I just got rid of. Saw those become worthless in an instant yesterday and am taking this as a chance to redeem myself. went from .6 to 2.3 so can't complain. Been following Mancini levels and playing Spy options, something that can definitely work in any market imo.

Got caught with my pants down again during the freeze and the weeks following. Trying to rebuild and learn from that mistake.

Aggies75455 said:

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$ZEST running big time. Pretrial starts Monday and they hired an asset managing firm out of New York yesterday. The hope is they're hired to help handle the amount of money the company is about to see.

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I have a huge position in my Roth acct. Fingers crossed...

yukmonkey said:

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Jet Black said:

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One sure way to turn things around is for me to sell some at a loss. As soon as I do, **** will take off.

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Yep - got out of ONTX/NIO/TSLA and they are boomin

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I think that's what they call retail capitulation.

I'm shopping for vxx calls today though

Also...mvis earnings thurs!? Yes please!

ClutchCityAg said:

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khaos288 said:

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Any indicators this is more than a bull trap?

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Think we would need this to not be a lower high, so higher than 389.46 or 390.92 from previous days

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I'd like to see both SPY and QQQ get above 9ema and hold that to close. Then I think we'd see bigger volume and a big move up. Look back at June, Sept, and Oct. It doesn't have to happen like that but that's what I'd like to see for comfort level.

Tinfoil storytime: if I had played on rotation and downward pressure from bond yield increases to try to chase retail out of tech and beta stocks, just before I ramped up accumulation I would probably start a premarket run then small continuation before dropping the bottom out. Then the next time retail sees a green run with real volume they may sit on the sidelines a bit longer before returning. That was yesterday and this morning so far. No clue if that's what happened but it seems like something an ******* like myself would do.

WATT looks like a buy to me. IBIO already bought. Look at the volume on it for a small cap. I love that and it has options.

oldarmy1 said:

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NIO chart looks perfect.

Markets do not have a look of a rug pull, so don't confuse a quick intraday consolidation with one. Recent options trades look solid. Ones that got caught in the selloff (SKLZ & IMMR) aren't likely to run for March 19th. They can move up but premium value is going to evaporate.

When stocks get hit to the levels we reached I switch to shares. I went shares on NIO, IMMR, SKLZ, PLTR and NET.

I had bought AAPL shares at $119 and then calls when it was below $117. I sold 50% of the calls to draw down my holding price on shares to $116.50 on the rip upward early. We'll need to see $122 to get momentum buyers engaged.

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Sounds like time to cut bait on SKLZ.

And I also just went net free on my NIO calls.

Thank you much sir.

It's amazing how often model T presents itself

cptthunder said:

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$GOCO
With the numbers that GOCO came out with yesterday which seemed strong to me and it being down 5% today would I be jumping into the deep end picking up some more shares here
These would be trading shares for me. Was there something in the ER that I should be worried about or is this a typical 2020/2021 ER reaction?

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I think most of this board already bailed on this one. I had some shares I held for quite a while waiting for this quarterly earnings period, but still wasn't a pop either before or after. Will likely trim some of those down to use cash for other opportunities.

FJ43 said:

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Added more NGL down here around $2.50

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$5 calls out to October were cheap AF so I grabbed those

AMC volume rollin in!

Engine10 said:

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AMC volume rollin in!

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Someone tell me when to cut my losses at a 13.10 cost basis. I want off this rollercoaster

Strategy question for the room on the remaining NIO Calls I have.

When I do the 10 day 30 min candle MT I get 42.75. I put in a sell order for 1/3 of my calls at $2.65 which represents just under what the approximate price of the option should it run up there today or tomorrow.

The daily MT going back to the high of 66.99 on 1/11 is $49.45. Assuming we hit the resistance at 42.75 and I get filled there, I plan to hold the remaining 2/3 of my calls with a hope of getting back to that 49.45 number. I might sell another 1/3 around the $45.31 mark which is the 38.2 retracement on the daily.

Two questions from this.

Is this a decent strategy assuming tech doesn't **** the bed again? If you have any tweaks I would welcome them.

Am I being too greedy with the 2/3 calls and trying to retrace back to the daily model T with the amount of time I have left on the 3/26 calls?

I appreciate any help or advice as I continue to learn.

oldarmy1 said:

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NIO chart looks perfect.

Markets do not have a look of a rug pull, so don't confuse a quick intraday consolidation with one. Recent options trades look solid. Ones that got caught in the selloff (SKLZ & IMMR) aren't likely to run for March 19th. They can move up but premium value is going to evaporate.

When stocks get hit to the levels we reached I switch to shares. I went shares on NIO, IMMR, SKLZ, PLTR and NET.

I had bought AAPL shares at $119 and then calls when it was below $117. I sold 50% of the calls to draw down my holding price on shares to $116.50 on the rip upward early. We'll need to see $122 to get momentum buyers engaged.

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One quick question on this...

SKLZ is reporting tomorrow after the bell.

With the way ER have been sold the past few weeks, would it make sense to exit now or wait and hope that they reveal additional information about the NFL agreement and that it recovers some of its value.

oldarmy1 said:

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WATT looks like a buy to me. IBIO already bought. Look at the volume on it for a small cap. I love that and it has options.

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agree and I think SOS reversal was in this morning -- boom, look at the volume coming in now!

NXTD my "better than a CD pick. You can sell July $2.50 calls at $0.55 x $0.60. The $2 July calls are bidding $0.60 so I expect the $2.50's to ease down, considering they are allowing a nickel for an additional $0.50 potential gain. That's just nuts!

RigsTx said:

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oldarmy1 said:

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NIO chart looks perfect.

Markets do not have a look of a rug pull, so don't confuse a quick intraday consolidation with one. Recent options trades look solid. Ones that got caught in the selloff (SKLZ & IMMR) aren't likely to run for March 19th. They can move up but premium value is going to evaporate.

When stocks get hit to the levels we reached I switch to shares. I went shares on NIO, IMMR, SKLZ, PLTR and NET.

I had bought AAPL shares at $119 and then calls when it was below $117. I sold 50% of the calls to draw down my holding price on shares to $116.50 on the rip upward early. We'll need to see $122 to get momentum buyers engaged.

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One quick question on this...

SKLZ is reporting tomorrow after the bell.

With the way ER have been sold the past few weeks, would it make sense to exit now or wait and hope that they reveal additional information about the NFL agreement and that it recovers some of its value.

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That's good thoughts. I sold 50% and have held the other just for earnings.

SPY NHOD. Teetering 388.9x for what felt like forever

oldarmy1 said:

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Obviously the market has not valued a money generation entity like it might. These guys are in one of the most fertile fields and revenues will continue to accelerate.

What is the lightening rod event that would spark mass attention? Just ungodly numbers? We'll see.

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Couldnt help myself and went ahead and added some more shares for trading at these levels

A lot of us seem to be saying the same thing and are close in thought. I think Apple needs to claim $123 or so by the end of the week (downward trend line from peak). Also think QQQ needs to be $115 or higher next day or two to crush the downward trend lines.

These trend lines are steep so guessing we find out soon if this is a true rally after the adjustment or a fake out.

With average down and using cash to get into long positions late last week and yesterday, I'm tempted to take profits. I'm up 10% on $15,000 in the market, so very excited for today so far. However, the greed of breaking the trend line means i could be up another 20% quickly after that.

AMC!

im ready to see FUBO wake up

and SYN, DPW, BLNK and KIQ.

I really like KIQ and not sure why its down still.

obviously the whole of us want CLOV to get moving, but i think we are at least a month away for that

ag94whoop said:

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obviously the whole of us want CLOV to get moving, but i think we are at least a month away for that

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What happens in a month? Thinking about making my first entry into shares here above 8...

If we break 390 I think we run to 392