great take brother! it will be interesting to see what crypto does when the markets pullback. If MSTR keeps rebounding strong, puts or put spreads on it could pay handsomely. credit to Tic for MSTR.$30,000 Millionaire said:
/BTC
It touched -3 ATR today and bounced. I entered on the spike down near -3 ATR at 28,800 (I had a limit buy order there). Bitcoin needs to get and stay above the 200 SMA if it is going to resume its uptrend. Right now, the trading play would be to buy low and sell at the mean (37,500 area) until it confirms it's resuming its uptrend. It could keep selling off, I doubt it though.
Stock Markets
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Last: 3 min ago by Heineken-Ashi
GOED is about to get options on Fidelity. I know some major players here like OA1 like to protect their position by selling calls, and Puts.
I like this idea, limits risk with better chance to still make money. This is a call vertical correct? trying to learn more the terms for the slightly more complex strategies.
Yep
KT 90 said:FJ43 said:Over 10m shares yesterday on $WWR.
— 2021 Opportunity Stocks Knock (@oldarmy1) June 23, 2021
Don't worry about short term movements (where have we heard this a dozen times before?), it's going to be much higher.
Anyone selling covered calls yet, or waiting for more of a runup? All of mine previous ones either expired or I bought back. WWR does join the join Russell Microcap index eff june 28 I believe, so maybe that'll give it a little more of a push to sell calls into.
I'm totally uncovered and have some long calls as well. I reeeeealy don't want to miss this move. MGNI burned me bad.
.
TSLA moving up before the open..FJ43 said:
TSLA
I have a love hate relationship with this one. Have made and lost money on it but its not personal.
It is above the 50EMA premarket here. the 100EMA is about 640.50ish but that's also in the middle of the gap fill.
On my really short list watch for a trade entry first thing.
Maybe sooner but 635.59 and I am going in snorkel and all.
Would like to see it fade and bounce. 636 will be tough IMOCrazyRichAggie said:TSLA moving up before the open..FJ43 said:
TSLA
I have a love hate relationship with this one. Have made and lost money on it but its not personal.
It is above the 50EMA premarket here. the 100EMA is about 640.50ish but that's also in the middle of the gap fill.
On my really short list watch for a trade entry first thing.
Maybe sooner but 635.59 and I am going in snorkel and all.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Also watching
FUTU
ETSY
MSFT
FUTU
ETSY
MSFT
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
POWW AMMO, Inc. Awarded U.S. Department of Defense Contract for the Development and Manufacture of Ballistically Matched Multi-Purpose Rounds
Hey everyone. So I'm a noob who's gotten interested and began following this thread in the last couple months. I watched FJ & 30ks video (thanks so much for putting that together guys), and I"m looking to start small and learn to trade options.
My issue right now is finding the right platform, because I answered the questions on my Fidelity account honestly and they wouldn't allow me to get into options, either because of lack of experience or lack of some liquidity barrier. Either way my application to add options to my account was denied.
Can some of you experienced guys give me advice for getting an account with options up and going?
I currently have a couple Roths for my wife and myself with Fidelity & Vanguard. A Robo Investor with Betterment for just a small long term emergency fund.
My issue right now is finding the right platform, because I answered the questions on my Fidelity account honestly and they wouldn't allow me to get into options, either because of lack of experience or lack of some liquidity barrier. Either way my application to add options to my account was denied.
Can some of you experienced guys give me advice for getting an account with options up and going?
I currently have a couple Roths for my wife and myself with Fidelity & Vanguard. A Robo Investor with Betterment for just a small long term emergency fund.
Wednesday Macros
Confused by the Fed?... Join the Markets... 37 Billion Gone...Bear Steepening?
Bear Steepening today... Bull Flattening last week... Inflation no longer transitory and the Fed is worried... Now Powell walked it back along with Williams, so we are back to transitory...others disagree..Morgan Stanley waves the red flag on commodities... Oil and the GLCO space did not get the memo, they are rallying. We quote from IHS Markit this morning on the German inflation " the rate of inflation in average prices charged for goods and services accelerated well beyond anything seen before in the series history"... Transitory or not, these numbers are huge and won't be reversed in the near term... Meanwhile our colleague Steve Spratt, of Bloomberg, writes this morning that 37 billion in 10 year bond positions have been wiped out over the last 4 sessions... This is what we mean when we said the reflation trades were smoked and unwound by the perception of what the Fed has been trying to say... Fed misspeak? Policy error?... Yep, but not just last week... So back to today
The long end of the treasury curve is under minor pressure in the overnight session... But as we write the 10 year is back to unchanged.. Bonds are lower... Everything is in a range so it is difficult to predict... 10 years are hovering at the 1.47 level... We won't see a major move unless we break 1.52... Or if the other way 1.42... We still think higher rates, but it is turning out to be a long waiting game...it looks to us that the next big number will be the unemployment number a week from Friday, right before the July 4 holiday on an early close...
Fed... We get three speakers today.. Bowman and Bostic in the morning... Neither looks market moving... And one of the most respected ,in our opinion, Rosengren , in the afternoon... He is the Fed expert on real estate and managed the Fed lending to real estate programs... He has said in the past that the Fed should end the purchases of mortgages....no need to support housing with prices soaring...
Markets will get back to normal, but it will take time... Two things we saw this morning.. US business borrowing jumps 20% In May https://finance.yahoo.com/news/u-business-borrowings-jump-20-190749712.html that is good to see, as if this picks up banks will slow down their treasury buying and go back to their core business of lending... And in the BB Day Break, there was a piece from Bank America... And we quote " reports that some major banks will boost their capital allocation to trading,, allowing more market making availability"... Hallelujah ... Liquidity has been so poor for so long... Buyers wait for auctions to buy to get what they need. So if banks are now lending and some banks are willing to put some skin in the game of trading, maybe things will get less confusing and start to trend.
Corporate new issuance is starting to slow down... Too early to say a trend is developing, and spreads are steady, but not a great sign...
Have a good day
Confused by the Fed?... Join the Markets... 37 Billion Gone...Bear Steepening?
Bear Steepening today... Bull Flattening last week... Inflation no longer transitory and the Fed is worried... Now Powell walked it back along with Williams, so we are back to transitory...others disagree..Morgan Stanley waves the red flag on commodities... Oil and the GLCO space did not get the memo, they are rallying. We quote from IHS Markit this morning on the German inflation " the rate of inflation in average prices charged for goods and services accelerated well beyond anything seen before in the series history"... Transitory or not, these numbers are huge and won't be reversed in the near term... Meanwhile our colleague Steve Spratt, of Bloomberg, writes this morning that 37 billion in 10 year bond positions have been wiped out over the last 4 sessions... This is what we mean when we said the reflation trades were smoked and unwound by the perception of what the Fed has been trying to say... Fed misspeak? Policy error?... Yep, but not just last week... So back to today
The long end of the treasury curve is under minor pressure in the overnight session... But as we write the 10 year is back to unchanged.. Bonds are lower... Everything is in a range so it is difficult to predict... 10 years are hovering at the 1.47 level... We won't see a major move unless we break 1.52... Or if the other way 1.42... We still think higher rates, but it is turning out to be a long waiting game...it looks to us that the next big number will be the unemployment number a week from Friday, right before the July 4 holiday on an early close...
Fed... We get three speakers today.. Bowman and Bostic in the morning... Neither looks market moving... And one of the most respected ,in our opinion, Rosengren , in the afternoon... He is the Fed expert on real estate and managed the Fed lending to real estate programs... He has said in the past that the Fed should end the purchases of mortgages....no need to support housing with prices soaring...
Markets will get back to normal, but it will take time... Two things we saw this morning.. US business borrowing jumps 20% In May https://finance.yahoo.com/news/u-business-borrowings-jump-20-190749712.html that is good to see, as if this picks up banks will slow down their treasury buying and go back to their core business of lending... And in the BB Day Break, there was a piece from Bank America... And we quote " reports that some major banks will boost their capital allocation to trading,, allowing more market making availability"... Hallelujah ... Liquidity has been so poor for so long... Buyers wait for auctions to buy to get what they need. So if banks are now lending and some banks are willing to put some skin in the game of trading, maybe things will get less confusing and start to trend.
Corporate new issuance is starting to slow down... Too early to say a trend is developing, and spreads are steady, but not a great sign...
Have a good day
I got burned on the recent CLOV run because I had too many shares covered up at WAY too low of a strike price.KT 90 said:FJ43 said:Over 10m shares yesterday on $WWR.
— 2021 Opportunity Stocks Knock (@oldarmy1) June 23, 2021
Don't worry about short term movements (where have we heard this a dozen times before?), it's going to be much higher.
Anyone selling covered calls yet, or waiting for more of a runup? All of mine previous ones either expired or I bought back. WWR does join the join Russell Microcap index eff june 28 I believe, so maybe that'll give it a little more of a push to sell calls into.
With WWR, my personal average is $5.33/share (not great), so I'm targeting November $10 calls, which if called out, basically makes me net free on all other shares.
Hope this helps. I wouldn't cover up more than 25-50% of your shares based on the momentum.
The session from me and FJ is worth at least three years experience.
You don’t trade for money, you trade for freedom.
ROKU continuing its tear.
Fairfield_Ag said:I got burned on the recent CLOV run because I had too many shares covered up at WAY too low of a strike price.KT 90 said:FJ43 said:Over 10m shares yesterday on $WWR.
— 2021 Opportunity Stocks Knock (@oldarmy1) June 23, 2021
Don't worry about short term movements (where have we heard this a dozen times before?), it's going to be much higher.
Anyone selling covered calls yet, or waiting for more of a runup? All of mine previous ones either expired or I bought back. WWR does join the join Russell Microcap index eff june 28 I believe, so maybe that'll give it a little more of a push to sell calls into.
With WWR, my personal average is $5.33/share (not great), so I'm targeting November $10 calls, which if called out, basically makes me net free on all other shares.
Hope this helps. I wouldn't cover up more than 25-50% of your shares based on the momentum.
Definitely agree on not selling to many of them and selling them at the $10 range. I am going to wait until the Russell index move takes place, hoping for more of a push to juice the premiums a bit.
I think the biggest move for WWR isn't really supposed to happen until 2022 Q1, so always looking to squeeze out some premium along the way.
OK, even I think this feels too bullish at this point.
Big candle up to $643FJ43 said:Would like to see it fade and bounce. 636 will be tough IMOCrazyRichAggie said:TSLA moving up before the open..FJ43 said:
TSLA
I have a love hate relationship with this one. Have made and lost money on it but its not personal.
It is above the 50EMA premarket here. the 100EMA is about 640.50ish but that's also in the middle of the gap fill.
On my really short list watch for a trade entry first thing.
Maybe sooner but 635.59 and I am going in snorkel and all.
Is there a link to the video made by FJ and 30k?
SNAP TO THE MOON WOAH
calm down idiot, it's 2%
calm down idiot, it's 2%
If you bought TSLA $650 lotto those are looking real nice..
bull shat. SPX to 4500 just today!McInnis 03 said:
OK, even I think this feels too bullish at this point.
You don’t trade for money, you trade for freedom.
UBER calls really close to being ITM
I'm 100% in cc's with SKEW this high. it is almost at 52 week highs. I rolled some to higher strikes yesterday and sold new ones.KT 90 said:FJ43 said:Over 10m shares yesterday on $WWR.
— 2021 Opportunity Stocks Knock (@oldarmy1) June 23, 2021
Don't worry about short term movements (where have we heard this a dozen times before?), it's going to be much higher.
Anyone selling covered calls yet, or waiting for more of a runup? All of mine previous ones either expired or I bought back. WWR does join the join Russell Microcap index eff june 28 I believe, so maybe that'll give it a little more of a push to sell calls into.
Page 1, first post. Link at the bottomChickenman4 said:
Is there a link to the video made by FJ and 30k?
AMC going to make another run at $70
added these spreads as part hedge part trade:
SPY 416/ 415P 7/2 exp
cost: 11. max profit 89.
I'll go net free + on these on the first pullback. If we ever pullback again (sarcasm).
SPY 416/ 415P 7/2 exp
cost: 11. max profit 89.
I'll go net free + on these on the first pullback. If we ever pullback again (sarcasm).
No message.
Added ASAN Aug $45p for $1
Are you trying to jinx yourself on purpose now?!?!?$30,000 Millionaire said:bull shat. SPX to 4500 just today!McInnis 03 said:
OK, even I think this feels too bullish at this point.
this is excessive JFYI
You don’t trade for money, you trade for freedom.
Options are live for me.Challenger 17 said:
GOED is about to get options on Fidelity. I know some major players here like OA1 like to protect their position by selling calls, and Puts.
[url]http://hasthelargehadroncolliderdestroyedtheworldyet.com[/url]
Your UBER calls on fire today.$30,000 Millionaire said:
this is excessive JFYI
Didn't get in. Ran quick. On FUTU & ETSYCrazyRichAggie said:Big candle up to $643FJ43 said:Would like to see it fade and bounce. 636 will be tough IMOCrazyRichAggie said:TSLA moving up before the open..FJ43 said:
TSLA
I have a love hate relationship with this one. Have made and lost money on it but its not personal.
It is above the 50EMA premarket here. the 100EMA is about 640.50ish but that's also in the middle of the gap fill.
On my really short list watch for a trade entry first thing.
Maybe sooner but 635.59 and I am going in snorkel and all.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
ELOX trend this week: Sell high in the bell, buy low at lunch.
I closed these out this morning for .65.$30,000 Millionaire said:you crazy, dawg.RigsTx said:
I also sold 7/16 $5 CC on WWR for $1.00 on the runup earlier.
Thinking I can hopefully buy those back before WWR lists on the Russell to book some profit.
This close above the 200, if it can stay above, is significant AF.
So 35% gain.
I had missed the 200 close and got lucky with the pullback/consolidation.
I hadn't sold it on all of my position, but am now uncovered.
Going to wait until the listing on the Russell to reassess.
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