Pattern still looks solid.zwhag2010 said:
So what's the word on BTWN and UPWK april calls?
I'm down about 55% on both of them
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Last: 1 hr ago by Bulldog73
I added to ASAN
You don’t trade for money, you trade for freedom.
I was out last weekzwhag2010 said:
So what's the word on BTWN and UPWK april calls?
I'm down about 55% on both of them
what are the plays on these?
Decided to take small size on SNOW 4/16 250C at 4.4. I saw a bit of options flow and It looks like we've got a bit of seller's exhaustion here. Will use today's as my S/L. It is sitting right at it's 5DMA and the 10DMA is close by too. If it can take out the 10DMA, it should move quickly to ~233
I know NGL was brought up a week or two ago, but it just had a goal post pop up on top of being near a firm support line...adding more
Anyone like $ELY (Callaway Golf)?
This stock has been a fun play from the initial "sell the news" drop when they announced the merger with Top Golf. Ever since then it's kept a nice channel between 32 and 27ish
This stock has been a fun play from the initial "sell the news" drop when they announced the merger with Top Golf. Ever since then it's kept a nice channel between 32 and 27ish
Still appears weak on the chart. Personally I'd wait until it can get back over the 50DMA.Lt. Joe Bookman said:
Anyone like $ELY (Callaway Golf)?
This stock has been a fun play from the initial "sell the news" drop when they announced the merger with Top Golf. Ever since then it's kept a nice channel between 32 and 27ish
Someone just put 25K down on the 5/21 31C at 1.39. No real option flow to get me excited. Lots of better setups and charts out there.
BTWN - April 16, 12.50
UPWK - April 16, 55
Both are at a significant discount from last week if you want in.
UPWK - April 16, 55
Both are at a significant discount from last week if you want in.
126 is the 50 EMA on Daily and the 8/21 SMA on the weekly. Strong resistance, let's bust it AAPL!!!
$30,000 Millionaire said:lets turn this into a teachable moment - chart it and tell me what you think, then i'll tell you what I think and we can compare what we think is happening.zwhag2010 said:
So what's the word on BTWN and UPWK april calls?
I'm down about 55% on both of them
With limited charting options on both platform and time,
BTWN I see a gap that needs filling and support at 11.5 after a reversal from a downward trend
UPWK I see a bullish flag
QQQ bears coming out of their afternoon hibernation.
thank you!Copa515 said:
BTWN - April 16, 12.50
UPWK - April 16, 55
Both are at a significant discount from last week if you want in.
on a day we're up 2%? c'mon now.deadbq03 said:
QQQ bears coming out of their afternoon hibernation.
You don’t trade for money, you trade for freedom.
News floating about another three trillion in 'stimulus' by the Dems and SPY the market drops.
Clowns.
Clowns.
deadbq03 said:
QQQ bears coming out of their afternoon hibernation.
When do you typically buy back covered calls versus letting them run to expiration?
Probably should've worded it like the bulls went to sleep and decided to stay there.$30,000 Millionaire said:on a day we're up 2%? c'mon now.deadbq03 said:
QQQ bears coming out of their afternoon hibernation.
Either way, we've had the flattest couple of hours we've had in a long time but now it's moving back down. No idea what that means for tomorrow's open, your guess is probably better than mine.
Stopped out on OPEN
The market naturally ebbs and flows. It doesn't move in one direction continuously without these waves. Nobody knows what tomorrow brings, but assuming we don't puke here, this is a solid close for the nasdaq and the S&P.deadbq03 said:Probably should've worded it like the bulls went to sleep and decided to stay there.$30,000 Millionaire said:on a day we're up 2%? c'mon now.deadbq03 said:
QQQ bears coming out of their afternoon hibernation.
Either way, we've had the flattest couple of hours we've had in a long time but now it's moving back down. No idea what that means for tomorrow's open, your guess is probably better than mine.
You don’t trade for money, you trade for freedom.
For me, if the strike is above my basis, when I can capture 75% or more of my premium, don't feel like it will get any higher than that, and I don't want to take the small chance of losing shares.Ragoo said:
When do you typically buy back covered calls versus letting them run to expiration?
Bull case is still fully intact with a close over 317.5. Today the QQQ reclaimed the 10DMA and the 5DMA and got rejected at the 50DMA very slowly. It wasn't a hard rejection which means there is consolidation up here. We're 1.5pts off the HOD and 4pts from the LOD.deadbq03 said:Probably should've worded it like the bulls went to sleep and decided to stay there.$30,000 Millionaire said:on a day we're up 2%? c'mon now.deadbq03 said:
QQQ bears coming out of their afternoon hibernation.
Either way, we've had the flattest couple of hours we've had in a long time but now it's moving back down. No idea what that means for tomorrow's open, your guess is probably better than mine.
My prediction for tomorrow's open will be a slight red to flat open on the futures with another move to the 50DMA on the QQQ.
Of course I wait to buy everything until right before everything dips.
i took one set off at 65%. These were for April expiration. If there is a pop I will sell them again at the appropriate strike. Now I wait.mazag08 said:For me, if the strike is above my basis, when I can capture 75% or more of my premium, don't feel like it will get any higher than that, and I don't want to take the small chance of losing shares.Ragoo said:
When do you typically buy back covered calls versus letting them run to expiration?
when to buy back covered calls is complicated. If there is a lot of time left, i'll take them between 75-80% of max profit. If time is short, I make judgment calls on whether to hold out for every nickel or go for 90-95% of max. Normally 90-95% of max is good enough for me. I did hold WWR and SNDL to the bitter end on Friday.
You don’t trade for money, you trade for freedom.
That's another reason to do it.. if you think they will go higher than your original call value and you want to lock in premium now while giving yourself a chance to capture a larger chunk. But that move is often very risky if your strike is relatively safe. It works well with high IV stocks like SNDL. Just make sure you pay attention to theta. It will eat you alive the closer you get.Ragoo said:i took one set off at 65%. These were for April expiration. If there is a pop I will sell them again at the appropriate strike. Now I wait.mazag08 said:For me, if the strike is above my basis, when I can capture 75% or more of my premium, don't feel like it will get any higher than that, and I don't want to take the small chance of losing shares.Ragoo said:
When do you typically buy back covered calls versus letting them run to expiration?
it is tough because the call, ie: being short, is working in your favor but your underlying is also falling. So now you have the mental battle of taking money out of my pocket to buy back "protection" on an asset that is losing value.$30,000 Millionaire said:
when to buy back covered calls is complicated. If there is a lot of time left, i'll take them between 75-80% of max profit. If time is short, I make judgment calls on whether to hold out for every nickel or go for 90-95% of max. Normally 90-95% of max is good enough for me. I did hold WWR and SNDL to the bitter end on Friday.
Watching for the acceleration V and reversal......
they are trying hard to push QQQ below 318
You don’t trade for money, you trade for freedom.
i don't view the trade as complete until I close the transaction.Ragoo said:it is tough because the call, ie: being short, is working in your favor but your underlying is also falling. So now you have the mental battle of taking money out of my pocket to buy back "protection" on an asset that is losing value.$30,000 Millionaire said:
when to buy back covered calls is complicated. If there is a lot of time left, i'll take them between 75-80% of max profit. If time is short, I make judgment calls on whether to hold out for every nickel or go for 90-95% of max. Normally 90-95% of max is good enough for me. I did hold WWR and SNDL to the bitter end on Friday.
You don’t trade for money, you trade for freedom.
318.16 I show as MT$30,000 Millionaire said:
they are trying hard to push QQQ below 318
I expect a dip tomorrow and then a rally until early April.
You don’t trade for money, you trade for freedom.
4200-4300$30,000 Millionaire said:
I expect a dip tomorrow and then a rally until early April.
those f'ers.
You don’t trade for money, you trade for freedom.
Bob Knights Paper Hands
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Irish 2.0 said:
My prediction for tomorrow's open will be a slight red to flat open on the futures with another move to the 50DMA on the QQQ.
I'd like that.
Bob Knights Paper Hands
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I hopped in with y'all on BTWN and UPWK calls. I also bought some more ASAN calls. What can I say, I like the bags.
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