FJ43 said:

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Key right now is to leave stretched out names like $amzn $shop $nvda $roku $docu etc . They had their monster runs . The focus should be names coming out of bottom macro channels . Remember, there’s only one breakout. Everything else is continuation .

— Dan 🐩🐩🐩 (@danshep55) June 23, 2021

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NVDA is a 100% true break-out.

Not convinced yet on the rest of the names listed if they are true break-outs. Break-outs from specific chart patterns? Sure. But all the other names still are yet to make new highs and I'm not convinced these names have broken out of larger consolidation patterns yet.

EDIT: Which means I kinda agree with this point....short term these names should cool off for a bit. Find other plays that are lagging behind and rotate to those.

I can't understand OA's Nio tweet. Are you all in that already?

Ranger222 said:

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FJ43 said:

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Key right now is to leave stretched out names like $amzn $shop $nvda $roku $docu etc . They had their monster runs . The focus should be names coming out of bottom macro channels . Remember, there’s only one breakout. Everything else is continuation .

— Dan 🐩🐩🐩 (@danshep55) June 23, 2021

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NVDA is a 100% true break-out.

Not convinced yet on the rest of the names listed if they are true break-outs. Break-outs from specific chart patterns? Sure. But all the other names still are yet to make new highs and I'm not convinced these names have broken out of larger consolidation patterns yet.

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I'm familiar (but not intimately) with his system but think he is trading supply/demand 'levels' so assume he doesn't see the larger upside from a trade coming from these vs. others about to make moves.

BABA next big one to watch IMO....along with all the other Chinese internet names like PDD and BIDU

$30,000 Millionaire said:

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I can't understand OA's Nio tweet. Are you all in that already?

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I read it as load up on calls

$30,000 Millionaire said:

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I can't understand OA's Nio tweet. Are you all in that already?

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Its a setup for a new play. Some may already be in July 50s. I traded in and out of it recently.

Will look to follow this one.

Scimitar said:

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Ag13 said:

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Apologies if this article was discussed yesterday but I am having trouble comprehending why a Comcast acquisition of Roku makes sense for either side.

https://www.wsj.com/articles/comcasts-ceo-built-a-cable-giant-can-he-build-a-streaming-giant-11624473722

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I haven't run the numbers, so please know I'm only speaking in generalities and I may mention things you already know, for the sake of others that don't.

When a deal is announced, or considered, analysts and bankers talk in terms of it being accretive (adding overall, value) or dilutive (taking away overall value). Simply put, does 1+1=3 or 1.5?

With more folks moving to streaming, an internet company could try to capture both sides of the home entertainment industry. AT&T tried that with DirecTv but failedand are now selling the latter. Perhaps Comcast feels like it has better prospects since they are an internet provider already and have a "free" box ala Apple TV they give to their internet only customers.

And then there is the unspoken reason why deals are made. Cash out a startup that is a legitimate threat by acquiring them and then put them out to pasture where they can cause no more mischief after taking whatever of value they have.

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Thanks for this. Just not buying that this kind of vertical integration would provide a great value to Comcast especially when talking about a ROKU market cap of $55B (and they would likely need to pay a lot more to actually acquire them). I actually think Peacock is a great app with good content. It mentions in the article the Comcast is also looking at acquiring/merging with ViacomCBS. Regulatory issues aside, acquiring content seems to be the name of the game in the streaming wars right now. If you build the content, they will come. If you buy ROKU and force "ok" content on people, people will get annoyed.

And on the ROKU side, they get a large portion of value (at least they have historically) from trying to be the independent player in the streaming wars. Comcast acquiring and having a preferred app (Peacock) could significantly impair that. I realize that ROKU has their own ad supported streaming service now, but at this point it's not a competitor to the major ones (including Peacock). So IMO ROKU has a lot more room to run as an independent company vs being acquired by a legacy media company purely for distribution reasons.

If this acquisition were to happen it would be somewhat ironic given that ROKU was a spinoff of Netflix back in the day.

Ranger222 said:

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I personally think NIO may need some more time....like the name overall but I could see a longer consolidation occurring here before the next move up. I think it will wait on the 50 day average to catch up before the next sustained move higher

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Think it gets TSLA sympathy run?

Starting to think I should have bought more RIG down at 4 lol

Will Meade spotted it too.

$RIG I’ve never seen insider buying like this, another $4.2 million purchased last night. pic.twitter.com/gumISoCjmG

— Will Meade (@realwillmeade) June 24, 2021

oldarmy1 said:

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Will Meade spotted it too.

$RIG I’ve never seen insider buying like this, another $4.2 million purchased last night. pic.twitter.com/gumISoCjmG

— Will Meade (@realwillmeade) June 24, 2021

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Sell $5 puts and buy $5 calls together?

oldarmy1 said:

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$RIG has crazy insider buying volume. Reach out 4+ months at $5 or $6 to see what's coming.

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11/19/21 $6c has a ton of OI

NRD09 said:

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FJ43 said:

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$NIO rising handle close to a major breakout run. July 16 $50 target net free 50% and go for the gold $3.50+

Either watch first 30 minutes for any early pullback or possibly enter portion at open and if get pullback to touch yesterday close for load.

— 2021 Opportunity Stocks Knock (@oldarmy1) June 24, 2021

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Think it means:
buy july 50 calls
Target to go net free on half
Potential for them to go to $3.5

I'm planning to get in this one

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My take

Sit and watch first 30 min for better entry or enter partial leg at open and load the boat if it pulls back to yesterday's close

That's an interesting approach to it. For every Nov $5 put you sell you can buy 2 $5 calls. The trade isn't costing you anything up front. I'm trying to figure out if it'd actually effect your buying power by locking up capital with the sold puts.

CLOV is running

FJ43 said:

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Ranger222 said:

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I personally think NIO may need some more time....like the name overall but I could see a longer consolidation occurring here before the next move up. I think it will wait on the 50 day average to catch up before the next sustained move higher

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Think it gets TSLA sympathy run?

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I'd be mildly surprised if that pushed it over 47

wanderer said:

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That's an interesting approach to it. For every Nov $5 put you sell you can buy 2 $5 calls. The trade isn't costing you anything up front. I'm trying to figure out if it'd actually effect your buying power by locking up capital with the sold puts.

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Yeah, you'd need to lock up $500 for every lot, but if it runs, you could buy the pits back cheap. If it stays around $5, it's just more like interest on the $500. The risk is if it tanks, but the insider buying would seem to be a suggestion of lower probability for that.

Thanks. I'm familiar with the buying power hit when selling puts but I didn't know if that would be offset by the purchased calls of the same strike. I'm guessing the answer is no.

Prognightmare said:

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CLOV is running

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May get your run to 20+ with the addition.

OH SNAP

*Universal Music Group and Snap Inc. Announce Expansive Global Agreement That Spans Recorded Music and Augmented Reality Experiences$SNAP

— *Walter Bloomberg (@DeItaone) June 24, 2021

OutlawAG04 said:

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NRD09 said:

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FJ43 said:

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$NIO rising handle close to a major breakout run. July 16 $50 target net free 50% and go for the gold $3.50+

Either watch first 30 minutes for any early pullback or possibly enter portion at open and if get pullback to touch yesterday close for load.

— 2021 Opportunity Stocks Knock (@oldarmy1) June 24, 2021

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Think it means:
buy july 50 calls
Target to go net free on half
Potential for them to go to $3.5

I'm planning to get in this one

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My take

Sit and watch first 30 min for better entry or enter partial leg at open and load the boat if it pulls back to yesterday's close

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I was waiting for a market correction to renter nio long calls, but seems that it wants to run well before that happens. So waiting for a first pull back and going in hard

$BIIB down 6% premarket. Not sure if anyone enters those puts when it broke the $384 resistance Monday.

Anyone have a ballpark what they think SPY 425C expiring Friday will open at should this hold?

Need to focus on other trades and just want to set a sell order.

SPY is up ~$2 since yesterday's close. The 6/25 $423c are going for 1.14. I'd think your 425s open right at that or higher.

I have reviewed the merits of this case and concluded Brittany must be freed now #FreeBritney https://t.co/bb3PS9XqaL

— emini tic (@TicTocTick) June 24, 2021

McInnis 03 said:

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OH SNAP

*Universal Music Group and Snap Inc. Announce Expansive Global Agreement That Spans Recorded Music and Augmented Reality Experiences$SNAP

— *Walter Bloomberg (@DeItaone) June 24, 2021

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Well isn't that fun. Yesterday I bought 100 shares of SNAP at just under $65 then sold a $65 cc just because it looked liked an easy 2.5 day 2% win. Not going to make a lot on it but a bit less than 2% for 2.5 days isn't a bad trade. I was actually on an AMTRAK from New Orleans to Houston and it looked like pretty easy money. Right after completing the transaction I took about an hour nap and when I woke up SNAP was at almost $67 and here we are today it's at almost $68. Looks like my 2.5 day trade has left some money on the table!

One of those times to remind yourself nobody ever went broke taking profits.

Can you remind me what MT stands for again?

Touchless said:

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Can you remind me what MT stands for again?

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Model T