OPEX weeks are normally bullish dudes.
You don’t trade for money, you trade for freedom.
Stock Markets
24,762,898 Views |
233455 Replies |
Last: 31 min ago by agdaddy04
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,415
How long do you want to ignore this user?
I am figuring we have a rally by, or going into, friday
I am holding the bag on some SPY 416 calls, so if we can get there by Friday that would be great. Probably a long shot...Farmer @ Johnsongrass, TX said:
I am figuring we have a rally by, or going into, friday
Yeah I figured you had already made bank on SPY (I wasn't trying to hate). I just thought it interesting I was thinking put when you were grabbing a lotto call. .
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,951
How long do you want to ignore this user?
TubTub said:
I have LADR 05/21/2021 12.50 C expiring, is anybody still in this?
Yes I still have more of these than I'd care to admit. I sold a lot at $0.80 a while back but then bought back on the way down. This past month I was hoping for a bigger bump pre earnings, but I think the macro uncertainty muted that. When that didn't happen I should have sold the rest of the bags at 15-20 cents and preserved capital but didn't. In total I turned a good gain into a loss. Lesson learned. Sigh.
come on. Let's go bulls!
Qqq rally
Trying to get there..FJ43 said:Keep an eyeball on it.CrazyRichAggie said:
VIX dropping like a rock
SPY closed at 411.94 yesterday
Qs at 322.22
IMO I would like to see a close above those reversal potential.
So not too bad after a horrible start. I think we have a bright green day tomorrow.
Nice close.
Bought Qs 5/21 320C at $3.80 hoping for gap up tomorrow with that run.
Mostly Foggy Recollection
Joined:
Oct 5, 2020
Posts:
7,767
How long do you want to ignore this user?
Highly interesting listen if you want to understand one of infrastructure's most precious commodities...
Copper is the New Oil
Exchanges at Goldman Sachs
A surge in green capexcombined with the lack of copper mining projectswill lead to a multi-year bull market in copper, explains Goldman Sachs Research's Nick Snowdon.
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/exchanges-at-goldman-sachs/id948913991?i=1000522162588
Copper is the New Oil
Exchanges at Goldman Sachs
A surge in green capexcombined with the lack of copper mining projectswill lead to a multi-year bull market in copper, explains Goldman Sachs Research's Nick Snowdon.
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/exchanges-at-goldman-sachs/id948913991?i=1000522162588
Being in the electrical distribution business, watching the copper (and PVC) rocket ship and accompanying market reaction over the last year has been fascinating.
Ferris Wheel Allstar
Joined:
Mar 19, 2006
Posts:
25,000
How long do you want to ignore this user?
AG
So buy FCX?Mostly Foggy Recollection said:
Highly interesting listen if you want to understand one of infrastructure's most precious commodities...
Copper is the New Oil
Exchanges at Goldman Sachs
A surge in green capexcombined with the lack of copper mining projectswill lead to a multi-year bull market in copper, explains Goldman Sachs Research's Nick Snowdon.
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/exchanges-at-goldman-sachs/id948913991?i=1000522162588
Sooo, which stock in particular...?Mostly Foggy Recollection said:
Highly interesting listen if you want to understand one of infrastructure's most precious commodities...
Copper is the New Oil
Exchanges at Goldman Sachs
A surge in green capexcombined with the lack of copper mining projectswill lead to a multi-year bull market in copper, explains Goldman Sachs Research's Nick Snowdon.
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/exchanges-at-goldman-sachs/id948913991?i=1000522162588
SCCO?
hmm. theta decay. how much premium on top of the strike?CrazyRichAggie said:I am holding the bag on some SPY 416 calls, so if we can get there by Friday that would be great. Probably a long shot...Farmer @ Johnsongrass, TX said:
I am figuring we have a rally by, or going into, friday
You don’t trade for money, you trade for freedom.
Current ask is $0.39. Is that what you are asking?$30,000 Millionaire said:hmm. theta decay. how much premium on top of the strike?CrazyRichAggie said:I am holding the bag on some SPY 416 calls, so if we can get there by Friday that would be great. Probably a long shot...Farmer @ Johnsongrass, TX said:
I am figuring we have a rally by, or going into, friday
Mostly Foggy Recollection
Joined:
Oct 5, 2020
Posts:
7,767
How long do you want to ignore this user?
FCX
SCCO
COPX
SCCO
COPX
Adding CSFFF but would appreciate feedback as I'm sure anyone else on this boards DD is more thorough than mineMostly Foggy Recollection said:
FCX
SCCO
COPX
Even FCX can't screw up $5 copper.
Mostly Foggy Recollection
Joined:
Oct 5, 2020
Posts:
7,767
How long do you want to ignore this user?
My company sells to FCX. That's a fair statement.
Mostly Foggy Recollection
Joined:
Oct 5, 2020
Posts:
7,767
How long do you want to ignore this user?
I'll look into them.
A tool for your toolbox.
Pro tip:
— Posty (@PostyTrades) May 19, 2021
NDX/SPX fills a gap below it gets bought up.
NDX/SPX fills a gap above it gets sold off.
These are high probability trades #NQ #ES pic.twitter.com/Vd4WSpHgmz
FCX is probably the one to play even though it's burned me so many times. I already have quite a bit of exposure to copper in other areas.
I'm looking at BHP and RIO too.
I'm looking at BHP and RIO too.
no, how much did you buy the options for.CrazyRichAggie said:Current ask is $0.39. Is that what you are asking?$30,000 Millionaire said:hmm. theta decay. how much premium on top of the strike?CrazyRichAggie said:I am holding the bag on some SPY 416 calls, so if we can get there by Friday that would be great. Probably a long shot...Farmer @ Johnsongrass, TX said:
I am figuring we have a rally by, or going into, friday
You don’t trade for money, you trade for freedom.
EGOC
Is this the real company behind EGOC?
A tiktok type media company and web media services? A short video content platform.
Removed link...but company site is leztao
Is this the real company behind EGOC?
A tiktok type media company and web media services? A short video content platform.
Removed link...but company site is leztao
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,415
How long do you want to ignore this user?
One other thing,...my indicators are for more long term market direction. With your trading Options, daily and weekly, my opinion, I'd stick with tighter parameters you have established. You'll get the market action-reaction quicker/faster to enable your decisions and make better decisions overall. Mine would slow you down. Yours might give a head-fake on direction every now and then, but your chances of success will be much greater. You probably know this already, but I felt compelled to send as this may help someone else too.FJ43 said:Been using RSI 9 with 80/40. Not sure I have that as a good barometer or not and should try your 14.Farmer @ Johnsongrass, TX said:
Yep. Moving that direction. (I work on the 80/20 lines)
On mine touch 80 or 40 and seems to trend anyway. We are at the bottom area now.
Thanks great points. I generally only use RSI when I am looking at a daily and occasionally quick hourly glance. Mostly at end of day or early morning when reviewing the overall of a stock. I should probably be using it intraday as well.Farmer @ Johnsongrass, TX said:One other thing,...my indicators are for more long term market direction. With your trading Options, daily and weekly, my opinion, I'd stick with tighter parameters you have established. You'll get the market action-reaction quicker/faster to enable your decisions and make better decisions overall. Mine would slow you down. Yours might give a head-fake on direction every now and then, but your chances of success will be much greater. You probably know this already, but I felt compelled to send as this may help someone else too.FJ43 said:Been using RSI 9 with 80/40. Not sure I have that as a good barometer or not and should try your 14.Farmer @ Johnsongrass, TX said:
Yep. Moving that direction. (I work on the 80/20 lines)
On mine touch 80 or 40 and seems to trend anyway. We are at the bottom area now.
For quick trades such as scalping SPY I primarily focus on four things. Price action (candles), volume, support/resistance lines including intraday trend lines (which I am always adding with any pivot) and VIX movement on a 2 min chart.
I think I am going to set up my chart with your RSI 14 to look at the longer overall trend. Will probably give me a better indication that what I am using now. I think it defaulted to 9 but like the 14 you are using.
Welp, the Chinese now have all the data on my PC. EGOC click bait gets me every time!LatinAggie1997 said:
EGOC
Is this the real company behind EGOC?
A tiktok type media company and web media services? A short video content platform.
http://www.leztao.net/
$2.147$30,000 Millionaire said:no, how much did you buy the options for.CrazyRichAggie said:Current ask is $0.39. Is that what you are asking?$30,000 Millionaire said:hmm. theta decay. how much premium on top of the strike?CrazyRichAggie said:I am holding the bag on some SPY 416 calls, so if we can get there by Friday that would be great. Probably a long shot...Farmer @ Johnsongrass, TX said:
I am figuring we have a rally by, or going into, friday
CrazyRichAggie said:$2.147$30,000 Millionaire said:no, how much did you buy the options for.CrazyRichAggie said:Current ask is $0.39. Is that what you are asking?$30,000 Millionaire said:hmm. theta decay. how much premium on top of the strike?CrazyRichAggie said:I am holding the bag on some SPY 416 calls, so if we can get there by Friday that would be great. Probably a long shot...Farmer @ Johnsongrass, TX said:
I am figuring we have a rally by, or going into, friday
Username does not check out. I'll show myself out.
Haha, someone from a different forum that deals in OTCs believes this could be the parent company. I was hoping someone could elaborate, debunk, and or explain, being the site is fairly complex woth multiple aspects.
$418.147 is possible but unlikely by Friday. I would sell tomorrow likely no matter what, ideally earlier in the day on strength. other alternatives are to create a call credit spread with the 415 or to create a short iron condor, like a 414 short call, 405/403 put debit spread.CrazyRichAggie said:$2.147$30,000 Millionaire said:no, how much did you buy the options for.CrazyRichAggie said:Current ask is $0.39. Is that what you are asking?$30,000 Millionaire said:hmm. theta decay. how much premium on top of the strike?CrazyRichAggie said:I am holding the bag on some SPY 416 calls, so if we can get there by Friday that would be great. Probably a long shot...Farmer @ Johnsongrass, TX said:
I am figuring we have a rally by, or going into, friday
At current prices a 414 short call is $0.81 and a 405/403 put debit spread is $0.26, so you could conceivably cut your loss by half if it stays in range. a riskier 412/410 is worth $1, so as long as SPY closes between 412 and 414, you're reducing your loss to $0.30. If you did the 415/414/412/410 iron condor, your credit would be $1.80, so you could limit your loss to $0.31 or you would take on additional risk of $0.20. I'd probably take that trade.
You don’t trade for money, you trade for freedom.
I feel completely incompetent when you lay out multiple strategies like this.$30,000 Millionaire said:$418.147 is possible but unlikely by Friday. I would sell tomorrow likely no matter what, ideally earlier in the day on strength. other alternatives are to create a call credit spread with the 415 or to create a short iron condor, like a 414 short call, 405/403 put debit spread.CrazyRichAggie said:$2.147$30,000 Millionaire said:no, how much did you buy the options for.CrazyRichAggie said:Current ask is $0.39. Is that what you are asking?$30,000 Millionaire said:hmm. theta decay. how much premium on top of the strike?CrazyRichAggie said:I am holding the bag on some SPY 416 calls, so if we can get there by Friday that would be great. Probably a long shot...Farmer @ Johnsongrass, TX said:
I am figuring we have a rally by, or going into, friday
At current prices a 414 short call is $0.81 and a 405/403 put debit spread is $0.26, so you could conceivably cut your loss by half if it stays in range. a riskier 412/410 is worth $1, so as long as SPY closes between 412 and 414, you're reducing your loss to $0.30. If you did the 415/414/412/410 iron condor, your credit would be $1.80, so you could limit your loss to $0.31 or you would take on additional risk of $0.20. I'd probably take that trade.
Me too. Thanks 30K!
Featured Stories
See All
13:00
47m ago
749
Key Matchups: No. 15 Texas A&M vs. New Mexico State
by Olin Buchanan
11:34
2h ago
1.2k
22:26
1h ago
1.2k
SEC Mike comments on A&M's emergence under head man Mike Elko
by Billy Liucci
Ags host Buckeyes with an early-season Quad 1 opportunity at stake
by Olin Buchanan
ConfidentAg
Michigan to Offer 5 Star LSU QB Commit 8 Figure Deal
in Billy Liucci's TexAgs Premium
31