Nice day
Stock Markets
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Last: 52 min ago by Brewmaster
I added a few 3/12 SPY 395 puts just in case.McInnis 03 said:
Going to add a 387/389/391p SPY hedge for tomorrow at $.19 just in case we decide to go opposite tomorrow.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
This is why I love an options strategy known as the STRANGLE.leoj said:
Don't look now, wonder if infrastructure buzz is up next with stimulus done.
Back in early November, I bought 4/16 $4.50 Calls and 4/16 $4.00 Puts. It had been range-bound, and I was betting on a breakout in either direction, with plenty of time for it to happen (5 months). The Puts, of course, are down, 83%, but the calls are up 526%. With roughly equal money in the two sets, it makes for quite a nice trade.
I think I'll probably exercise half the calls, as an infrastructure play (which was my initial thinking). The other infrastructure trade I'm currently watching is PAVE. Any thoughts on either?
good! still diamond handing the piss out of an April 800C. (bought it during the blood Monday) .McInnis 03 said:
100K contracts have crossed on TSLA 700c for tomorrow.
still in the 392's or are those toast? I'm holding mine as a hedge if nothing else.FJ43 said:I added a few 3/12 SPY 395 puts just in case.McInnis 03 said:
Going to add a 387/389/391p SPY hedge for tomorrow at $.19 just in case we decide to go opposite tomorrow.
$CX. I did not accrue enough shares.
You don’t trade for money, you trade for freedom.
I traded SPY up and down on both calls & puts today and exited those 392s. I ended up adding the 395s AH after seeing the close and action. Just insurance in case we drop initially tomorrow.BREwmaster said:still in the 392's or are those toast? I'm holding mine as a hedge if nothing else.FJ43 said:I added a few 3/12 SPY 395 puts just in case.McInnis 03 said:
Going to add a 387/389/391p SPY hedge for tomorrow at $.19 just in case we decide to go opposite tomorrow.
Haven't looked at the overall chart yet but touching ATHs and working within a small range if I was a betting man we have a longer candle sideways day tomorrow but possibly close green. Volume was lower today than the past 6 days.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Prognightmare said:Your handle is "Trip" , of course you went with planes and cars.trip98 said:
I only wanted to invest cash for 2 of the 3 recent plays by OA1....I went with jblu and nio...not fb
Happy for you all but
Which NIO trade. We had 2 and one paid already.
JBLU are April 16 $21 calls. Still major in play.
I went all in on the market last week disposing the rest of my cash. Had my first 5 figure day on Tuesday. Today was my second! Sold the last of the CC's I was willing to sell today and entered 3/22 SPY $390 puts at today's high as hedges.
I've said it before, but I'll never stop being thankful for this thread and all those that contribute to it!
I've said it before, but I'll never stop being thankful for this thread and all those that contribute to it!
NVAX running on good news!
That wasn't criticism OA.oldarmy1 said:Prognightmare said:Your handle is "Trip" , of course you went with planes and cars.trip98 said:
I only wanted to invest cash for 2 of the 3 recent plays by OA1....I went with jblu and nio...not fb
Happy for you all but
Which NIO trade. We had 2 and one paid already.
JBLU are April 16 $21 calls. Still major in play.
You know me by now, I'm a smartass. His TA name is "Trip98", you generally take a "trip" via cars or planes, that's why I said he chose NIO and JBLU.
I guess I missed the joke delivery because it's not a joke if you have to explain it.
No, I was inquiring and responding to him. Traveling and just replied to the last reference when I saw it.
Their vaccine is actually very bad ass.H-town ag said:
NVAX running on good news!
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Understood, I didn't want you to think I was calling you out.oldarmy1 said:
No, I was inquiring and responding to him. Traveling and just replied to the last reference when I saw it.
Great call on FB!! Now it's GM turn.oldarmy1 said:
No, I was inquiring and responding to him. Traveling and just replied to the last reference when I saw it.
Thinking about a swing trade on RXT @ 20.93, could run to $25 maybe test ATH around 25.75 (maybe even break it, then watch out). Stop loss would be set at 20.
At least 4:1 reward risk ratio, potentially more.
At least 4:1 reward risk ratio, potentially more.
Got 650 shares of MRK today - hope it elevates.
having a hard time not adding more SOS here. It is one of the last few bitcoin names trading at a discount. I think EBON is e-gone soon too, yep up more after hours.Ragoo said:watching SOSClutchCityAg said:
Did anyone get in on this $CAN run? my goodness.. guess we missed that one for blockchain plays
I've got EBON $10 CCs for next week I'll let them have.
Well here ya go...
SPY
Gapped up and stayed up.
Set new ATH.
Short range day and lower volume than past 6 but still above average.
Clearly above 8 & 21 EMA (maybe even a bit much)
+1 ATR
Pinged the upper Bollinger and bounced.
Middle of long term channel again.
QQQ
Captured the 8, 21 & 50 Day EMAs
Nice recovery from the recent pressure
Right at the ATR now.
Back in at bottom of long term channel.
Overall good day for both.
Where do they go tomorrow is the question. Sideways wider range day for SPY? Continuation for Qs?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
SpeedyAg90 said:
BTC broke through resistance, at new ATH !!!
EBON
NXTD
MARA
For the love of doge, EBON and DPW too
Not a big fan of the gas prices either
Looking at CLDR starter soon, guidance was weaker then expected (and they just got clapped) just like with RXT; but these companies figure it is better to have weaker guidance than to have guidance inline with expectations and miss.
YNWA_AG said:
Not a big fan of the gas prices either
OPEC will probably keep production the same, plus higher demand due to reopening....gas up another $1 by Memorial Day weekend. The stimmy will evaporate quickly.
Some possibilities to look at. Haven't done charts yet just quick looks.
HIMS - Could play this back top MT at least. Has options chain.
SOL - (8/21/50 all wadding up here and with a reversal - 8&21 may cross back over the 50 tomorrow or next day)
RUN - Nice reversal here and captured the 21 EMA today on nice volume trend past 3 days. April 70s could be the play.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Mostly Foggy Recollection
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Yep.
I can't, for the life of me, understand the people who are excited about the passing of this bill. I don't care what your political leanings are, this is another wasteful bill that will absolutely torch your buying power at a later date.
The short term focused emotion over logic crowd continues to grow day by day. Economic ILLITERACY is in charge now.
I can't, for the life of me, understand the people who are excited about the passing of this bill. I don't care what your political leanings are, this is another wasteful bill that will absolutely torch your buying power at a later date.
The short term focused emotion over logic crowd continues to grow day by day. Economic ILLITERACY is in charge now.
oldarmy1 said:Prognightmare said:Your handle is "Trip" , of course you went with planes and cars.trip98 said:
I only wanted to invest cash for 2 of the 3 recent plays by OA1....I went with jblu and nio...not fb
Happy for you all but
Which NIO trade. We had 2 and one paid already.
JBLU are April 16 $21 calls. Still major in play.
3/26 nio $44...so it's looking damn nice! Haven't cashed it yet as good bit of time. More than offsetting jblu and like u said there's time on jblu as well. But those still aren't up to how strong that FB play was
And I'm not complaining by any means. I'm still building capital so can't make all the plays.....yet! Have to pick and choose while I'm being patient working towards net free positions with eng, wwr, mbio, llnw, sndl, ibio, xl, and ASO
Charismatic Megafauna
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AG
Bought more aapl weeklies this afternoon, if tomorrow's not the day I'll buy next week's. Grudge trading at this point
We've had a good week thus far, but be mindful of the 10 yr treasury. We're now in tricky territory and I don't want anyone here becoming astronauts. I suggest avoiding margin and take your profits if/when they hit your target. I wouldn't let greed make me a bag holder or riding an option to zero. I wouldn't short this market but I also don't believe a massive bull run is imminent with the 10 Yr yield at these levels. Just make your money and GTFO. JMO
Mostly Foggy Recollection
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I love grudge trading, especially on weeklies.
I take mine out on SPY weeklies recently. Focus on the zones and swing/scalping depending on setup.
If you're disciplined, one can make a few grand a day scalping SPY. I've been in the 3-5k range per day, but I fat fingered what was supposed to be a 10K buy while on the phone yesterday and didn't pay attention to the submittal. It ended up working out quite nicely.
FJ43 started giving it a try this week, and I'm pretty sure he's doing about the same results after the first couple of days.
I take mine out on SPY weeklies recently. Focus on the zones and swing/scalping depending on setup.
If you're disciplined, one can make a few grand a day scalping SPY. I've been in the 3-5k range per day, but I fat fingered what was supposed to be a 10K buy while on the phone yesterday and didn't pay attention to the submittal. It ended up working out quite nicely.
FJ43 started giving it a try this week, and I'm pretty sure he's doing about the same results after the first couple of days.
VEON looks ready to break out. Check those tight bands after a long period of what looked like tight bands. Well now they are really pressing on each other.
Agreedoldarmy1 said:
VEON looks ready to break out. Check those tight bands after a long period of what looked like tight bands. Well now they are really pressing on each other.
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