The market looks like it wants to flush. It might be the capitulation we need.
Jet Black said:
About a week ago I liquidated almost all my positions for a decent sized hickey. It's starting to look like the right move.
WE GO UPMcInnis 03 said:
Bidu is flagging on the 10 min. which way will she go?
My tick chart is easier to read for me.$30,000 Millionaire said:
that looked scary but that was not extreme selling pressure.
Don't make a joke... don't make a joke...McInnis 03 said:$30,000 Millionaire said:
that looked scary but that was not extreme selling pressure.
In the pink, ain't no stink,
what did you do with the option plays from the past few weeks?oldarmy1 said:
The disruption and fallout has been seismic. Every single indicator that had been successful failed over the past 5 weeks. In simple terms that means all the setups that had produced winners produced squat. Not having much exposure has been the best move after the initial start of the year.
April is historically an 82% rally month, especially when consolidation has occurred in March. But on the heels of April is that other historically accurate phrase "Go Away in May".
It's not a time for boldness but protection. Example with AAPL. I closed out the expiring April 9th calls early yesterday on its weakness. I entered April 16th $125 calls at the same time. When AAPL pushed $122 I entered May 21 covered calls on 100% of shares.
That setup can play out several ways. I could lose $1.46 premium on all the calls meaning AAPL didn't ignite so the $4.60 covered call premium would likely deteriorate in line with the failed call strategy. However, should we get a breakout rally then as AAPL moves above $125 I have multiple scenarios. I could sell the calls. I could sell the shares using the calls as hedge against the covered calls, thus removing any risk on shares. I could even sell covered calls against the calls if I decide to hold the shares. I could close the calls and open new strikes if I see serious momentum.
And if we get AAPL above $130 I'm buying June $115 Puts.
Options flow today says the sell is over on most Chinese namesMcInnis 03 said:WE GO UPMcInnis 03 said:
Bidu is flagging on the 10 min. which way will she go?
Jet Black said:
NIO, FUBO, CCIV, etc. up today. I don't trust it.
Irish 2.0 said:S/L saves accounts. Respect them or blow up an account. Speaking from experienceBilly Baroo said:
Seems like I would be hard pressed to **** up an account quicker than I have in the past couple months by buying CLOV, PLTR, XL, NIO, and UWMC.
Think the problem with this belief is too many people are playing options and not equity$30,000 Millionaire said:
the irony of these plays you listed is that at least one of them is going to be a huge winner 2-3 years from now. PLTR, CLOV, and UWMC are all legitimate businesses
If the jury has been selected why would it be a while?TChaney said:
FYI
ZEST
FOMO looks like it's gone and the stock is dropping.
From online rumors (be careful a lot of trolling and misinformation being spread)
From what I can tell
Jury Selection has been completed and there was no pretrial settlement
So it's going distance.
If the Lotto ticket is ever going to pay off it's going to be a while.
I set them up, and you just let them stand there......you really just let them stand there?TecRecAg said:Don't make a joke... don't make a joke...McInnis 03 said:$30,000 Millionaire said:
that looked scary but that was not extreme selling pressure.
In the pink, ain't no stink,
GNUS, more like ANUS - am I right?J.P. 03 said:
Any of y'all playing GNUS? It's had a pretty horrendous start to the trading day and I'm curious if it's a buying opportunity or a signal of something else.
My opinion comes from a place with very little faith in our legal systemCrazyRichAggie said:If the jury has been selected why would it be a while?TChaney said:
FYI
ZEST
FOMO looks like it's gone and the stock is dropping.
From online rumors (be careful a lot of trolling and misinformation being spread)
From what I can tell
Jury Selection has been completed and there was no pretrial settlement
So it's going distance.
If the Lotto ticket is ever going to pay off it's going to be a while.