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McInnis 03
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In reply to $30,000 Millionaire • 2:56p, 4/7/21
AG
$30,000 Millionaire said:
consider a butterfly for next week in AAPL.
F it, I loaded up on next weeks 130c's
***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
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FJ43
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In reply to McInnis 03 • 2:57p, 4/7/21
McInnis 03 said:

Saw Redler put on JPM calls for next week.157.5 & 180s
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FJ43
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In reply to McInnis 03 • 2:57p, 4/7/21
McInnis 03 said:
$30,000 Millionaire said:
consider a butterfly for next week in AAPL.
F it, I loaded up on next weeks 130c's
Now we will win this fruit play!
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McInnis 03
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In reply to FJ43 • 3:00p, 4/7/21
AG
FJ43 said:
McInnis 03 said:
$30,000 Millionaire said:
consider a butterfly for next week in AAPL.
F it, I loaded up on next weeks 130c's
Now we will win this fruit play!
I'm up 10% 20%.
***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
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FJ43
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3:00p, 4/7/21
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Irish 2.0
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3:02p, 4/7/21


Can't see how this could possibly go poorly!
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SF2004
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In reply to $30,000 Millionaire • 3:02p, 4/7/21
AG
$30,000 Millionaire said:
I had 3150 options and 3150/3100 put credit spreads
I was on the other side of your trade... now looking back I realize why my trade was bad and what you say at that level.

Only cost me 4 bills but still learning.

Back to lurking.
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TecRecAg
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In reply to TecRecAg • 3:06p, 4/7/21
AG
TecRecAg said:
For anyone that follows CX, it's trying resistance level here around 7.20. Would love to see it bust through.
:-|
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FJ43
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3:07p, 4/7/21

Geez would you blow the top off already !!!

The EMAs are all basically together.

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$30,000 Millionaire
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In reply to SF2004 • 3:09p, 4/7/21
AG
SF2004 said:
$30,000 Millionaire said:
I had 3150 options and 3150/3100 put credit spreads
I was on the other side of your trade... now looking back I realize why my trade was bad and what you say at that level.

Only cost me 4 bills but still learning.

Back to lurking.
what trade did you take and why?
You don’t trade for money, you trade for freedom.
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FTAG 2000
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In reply to FJ43 • 3:12p, 4/7/21
AG
FJ43 said:

Geez would you blow the top off already !!!

The EMAs are all basically together.

8 day looks to have crossed the 21 and the 50 at close.

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McInnis 03
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In reply to $30,000 Millionaire • 3:14p, 4/7/21
AG
$30,000 Millionaire said:
SF2004 said:
$30,000 Millionaire said:
I had 3150 options and 3150/3100 put credit spreads
I was on the other side of your trade... now looking back I realize why my trade was bad and what you say at that level.

Only cost me 4 bills but still learning.

Back to lurking.
what trade did you take and why?
Yes, share, explaining what you saw and why you executed the way you did will potentially help others.
***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
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SF2004
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In reply to $30,000 Millionaire • 3:18p, 4/7/21
AG
$30,000 Millionaire said:
SF2004 said:
$30,000 Millionaire said:
I had 3150 options and 3150/3100 put credit spreads
I was on the other side of your trade... now looking back I realize why my trade was bad and what you say at that level.

Only cost me 4 bills but still learning.

Back to lurking.
what trade did you take and why?
On 3/26 sold a bear credit call spread at 3150/3155 expiring on 4/9.

The underlying was south of all three SMA (20,50, 200) averages I watch and thought it would have strong resistance reclaiming those by 4/9.

Now I see that when I sold the call it was touching the south Bollinger band.

Blew right past all three so I am trying to figure out what else I missed.
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$30,000 Millionaire
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In reply to SF2004 • 3:40p, 4/7/21
AG
SF2004 said:
$30,000 Millionaire said:
SF2004 said:
$30,000 Millionaire said:
I had 3150 options and 3150/3100 put credit spreads
I was on the other side of your trade... now looking back I realize why my trade was bad and what you say at that level.

Only cost me 4 bills but still learning.

Back to lurking.
what trade did you take and why?
On 3/26 sold a bear credit call spread at 3150/3155 expiring on 4/9.

The underlying was south of all three SMA (20,50, 200) averages I watch and thought it would have strong resistance reclaiming those by 4/9.

Now I see that when I sold the call it was touching the south Bollinger band.

Blew right past all three so I am trying to figure out what else I missed.
I can see why you took that trade and it would have worked the prior two times you tried to short at the 200 SMA. The question to ask yourself going forward is "should I short from here?" and "is this a high probability setup?". You entered a short below the mean for a credit that was below +1 ATR. You should always expect a stock to move between -1 and +1 ATR. The place to short from is +2 or +3 ATR for high probability or from the mean if you believe it will reject (but you need to get out if you are wrong). Based on where you shorted, I'm guessing your premium was $1.80 or less on a 5 wide spread.

Amazon was also in a squeeze and the indexes were starting to rally.
You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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3:43p, 4/7/21
AG
$ASAN

Still constructive. Huge move to get to here and needs to rest. Want to see close above $34 this week or it's certainly a cut. May be OK to take into OPEX if its still bullish looking.



You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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3:45p, 4/7/21
AG
$UPWK - charging up but I believe it will run out of time. This has to make a massive move in 7 trading days.

You don’t trade for money, you trade for freedom.
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McInnis 03
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In reply to SF2004 • 3:46p, 4/7/21
AG
SF2004 said:
$30,000 Millionaire said:
SF2004 said:
$30,000 Millionaire said:
I had 3150 options and 3150/3100 put credit spreads
I was on the other side of your trade... now looking back I realize why my trade was bad and what you say at that level.

Only cost me 4 bills but still learning.

Back to lurking.
what trade did you take and why?
On 3/26 sold a bear credit call spread at 3150/3155 expiring on 4/9.

The underlying was south of all three SMA (20,50, 200) averages I watch and thought it would have strong resistance reclaiming those by 4/9.

Now I see that when I sold the call it was touching the south Bollinger band.

Blew right past all three so I am trying to figure out what else I missed.
Honestly, this wasn't a crazy trade......but I think the day it gapped up 4/1, may have been a good day to cut your losses when it started breaking some of the moving averages like the 50 d ema....
***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
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$30,000 Millionaire
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4:02p, 4/7/21
AG
I bailed but SQ looks great. I'd like to get more on a pull back.
You don’t trade for money, you trade for freedom.
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azul_rain
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4:15p, 4/7/21
Are we bearish on airlines ? Delta looks like it's had its run I'm ready to sell ....
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ProgN
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In reply to azul_rain • 4:17p, 4/7/21
If it were me, I'd book my profits. The re-opening trade is already priced in imo.
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Bob Knights Paper Hands
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In reply to $30,000 Millionaire • 4:17p, 4/7/21
$30,000 Millionaire said:
consider a butterfly for next week in AAPL.

What would you target with these? It's up 5% over the last week, so another 5% puts it at $134. I think it settles a bit more with jest week being opex week. Max pain was still $125 this morning, but I'm sure that's higher after today.
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azul_rain
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In reply to ProgN • 4:32p, 4/7/21
Yea, I'm gonna sell tomorrow AM
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Bob Knights Paper Hands
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In reply to Bob Knights Paper Hands • 4:34p, 4/7/21
Tomas Hermensa said:
$30,000 Millionaire said:
consider a butterfly for next week in AAPL.

What would you target with these? It's up 5% over the last week, so another 5% puts it at $134. I think it settles a bit more with jest week being opex week. Max pain was still $125 this morning, but I'm sure that's higher after today.

Thinking about it a bit, I feel like being the contrarian and pinning flies for next week at 128 or 127 might pay. Speculating though.
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ag94whoop
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4:41p, 4/7/21
AG
hey guys,
I have an advice question for some of yall great money managers.

Last year, I had put some money in a Parametric Equity portfolio that has returned about 20% in 7 months, and about the same amount in a muni-ladder. I have decided to close out the muni-ladder as I am only 49 and I need to make that money work better. I am not sure if I should just put it into that same parametric portfolio or something else. I am looking at a 7-10 year window that I want this money to multiply without me actively managing it.

Any suggestions? or is the Parametric as good an option as any?
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cageybee77
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In reply to ag94whoop • 4:47p, 4/7/21
AG
Over the long haul, you can't beat the S&P 500. Find an etf that mirrors it closely - VFIAX is pretty close I think. Having said that - in general stocks seem pretty overpriced to me atm which MIGHT effect the timing of your investment......I'm keeping 50% cash these days which frankly has cost me money. But there is some piece of mind with cash. Just my opinion and I'm NOT an expert.
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Bob Knights Paper Hands
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In reply to cageybee77 • 4:59p, 4/7/21
For domestic, I agree it's hard to beat the S&P until the government makes small businesses a priority. Then I'd put some in something that tracks the Russell 2000 or 3000. If you want a bit of exposure outside of the S&P I'd suggest tracking a foreign stock index, probably Stox 50 or Nikkei 225. US stocks have out performed foreign stocks formore than the a decade, but that might change over the next decade. If you did either a small cap or foreign component I'd probably choose initial percentages and then rebalance every 12-18 months, depending on fees and tax implications.

Note: I am not a money manager so take my personal opinions with several grains of salt.
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khkman22
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5:21p, 4/7/21
AG
What's up with ASO after hours? Worth buying the dip or wait for a better entry later on?
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Ornithopter
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In reply to khkman22 • 5:27p, 4/7/21
AG
khkman22 said:
What's up with ASO after hours? Worth buying the dip or wait for a better entry later on?


JPM offered a large block for sale.
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slacker00
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In reply to khkman22 • 5:28p, 4/7/21
AG
Saw JPM was selling 9 million block of ASO. No idea who's. Another fund blow-up?

https://www.zerohedge.com/markets/another-family-office-blowing-jpm-dumps-9mm-share-block-academy-sports
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ag94whoop
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In reply to cageybee77 • 5:30p, 4/7/21
AG
cageybee77 said:
Over the long haul, you can't beat the S&P 500. Find an etf that mirrors it closely - VFIAX is pretty close I think. Having said that - in general stocks seem pretty overpriced to me atm which MIGHT effect the timing of your investment......I'm keeping 50% cash these days which frankly has cost me money. But there is some piece of mind with cash. Just my opinion and I'm NOT an expert.
That fear of the market last year and feeling like the market was a bubble was exactly why i put a chunk in muni's.
But they dont earn very much so its not a good growth strategy....so I am re-thinking options
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FTAG 2000
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In reply to slacker00 • 5:30p, 4/7/21
AG
slacker00 said:
Saw JPM was selling 9 million block of ASO. No idea who's. Another fund blow-up?

https://www.zerohedge.com/markets/another-family-office-blowing-jpm-dumps-9mm-share-block-academy-sports
Great time to buy more.
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$30,000 Millionaire
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In reply to Bob Knights Paper Hands • 5:47p, 4/7/21
AG
Tomas Hermensa said:
$30,000 Millionaire said:
consider a butterfly for next week in AAPL.

What would you target with these? It's up 5% over the last week, so another 5% puts it at $134. I think it settles a bit more with jest week being opex week. Max pain was still $125 this morning, but I'm sure that's higher after today.
I think a 125/130/135 fly or a 130/135/140 fly could pay. There will be resistance at 135.
You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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5:53p, 4/7/21
AG
I want to get GM on a 21 touch.

You don’t trade for money, you trade for freedom.
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Carlo4
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In reply to FTAG 2000 • 6:09p, 4/7/21
AG
AG 2000' said:
slacker00 said:
Saw JPM was selling 9 million block of ASO. No idea who's. Another fund blow-up?

https://www.zerohedge.com/markets/another-family-office-blowing-jpm-dumps-9mm-share-block-academy-sports
Great time to buy more.
And that article was saying to sell everything and let others chase?
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McInnis 03
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6:17p, 4/7/21
AG
Cathie with another pltr 1 mm buy
***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
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