bears are so disappointing. they couldn't even push price below Friday's open.

MU could go parabolic, but this just doesn't feel like the best entry.

$30,000 Millionaire said:

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MU could go parabolic, but this just doesn't feel like the best entry.

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I got the July $90 calls today.

$30,000 Millionaire said:

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MU could go parabolic, but this just doesn't feel like the best entry.

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I'm in the MU 7/2 C85 as an earnings play. Earnings report is Wednesday.

Double_Bagger said:

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$30,000 Millionaire said:

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MU could go parabolic, but this just doesn't feel like the best entry.

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I'm in the MU 7/2 C85 as an earnings play. Earnings report is Wednesday.

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I went with 7/16 85C

I don't normally hold through earnings, but I suppose it could be a blow out.

$30,000 Millionaire said:

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I don't normally hold through earnings, but I suppose it could be a blow out.

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I played smaller on the calls given earnings. Chart looks great but earnings for me so far this year hasn't been the most memorable.

FJ43 said:

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Double_Bagger said:

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$30,000 Millionaire said:

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MU could go parabolic, but this just doesn't feel like the best entry.

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I'm in the MU 7/2 C85 as an earnings play. Earnings report is Wednesday.

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I went with 7/16 85C

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Same here.

$30,000 Millionaire said:

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bears are so disappointing. they couldn't even push price below Friday's open.

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It won't surprise me to see a new ATH again today.

But from a trading perspective I will rinse and repeat buying weekly puts at a high.....hopefully anyway.

Would like to see at least some weakness before buying hedge level puts.

GreasenUSA said:

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Quote:

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Bought SQ 250C weekly

LOTTO size - 3.40 entry

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EO got a pretty good entry on that one. I scalped it on a 3.39 entry. Waiting to see if we get a mid-day pullback.

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What did you do on these?

I bought per above....sold then bought back on the dip. Riding wave 2 but needs NHOD to go I think.

FJ43 said:

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$30,000 Millionaire said:

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bears are so disappointing. they couldn't even push price below Friday's open.

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It won't surprise me to see a new ATH again today.

But from a trading perspective I will rinse and repeat buying weekly puts at a high.....hopefully anyway.

Would like to see at least some weakness before buying hedge level puts.

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The longer this goes without an 8ema touch the more powerful it will be when it goes down, I think.

AgShaun00 said:

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Read this in a newsletter i get on gold and silver. Anyone heard about this?

Quote:

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The bank that rules all banks the Bank for International Settlements ("BIS") altered the international accounting rules for gold. As a result, how gold and by extension, silver is traded could soon change significantly. Beginning Monday, allocated gold the actual physical metal held by banks in the European Union will become a Tier 1 asset, just like cash, elevated from Tier 3. In an allocated account, the customer's gold is set aside, tracked by unique serial numbers. The bank earns a small holding fee, but the customer retains ownership. Gold in unallocated accounts will remain a Tier 3 asset no longer considered an equal asset to gold itself. An 85% margin will now be required to cover unallocated gold accounts meaning there has to be 85 cents on hand to cover every dollar of "paper" gold lent out. Previously, banks were not required to back these unallocated trades at all.

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This is the Basel iii thing all the wss kids think is going to send silver to the stratosphere, right?

cptthunder said:

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$FTCH with the reminder that sideways is a direction haha

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This is why put credit spreads are so valuable.

$30,000 Millionaire said:

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FJ43 said:

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$30,000 Millionaire said:

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bears are so disappointing. they couldn't even push price below Friday's open.

---

It won't surprise me to see a new ATH again today.

But from a trading perspective I will rinse and repeat buying weekly puts at a high.....hopefully anyway.

Would like to see at least some weakness before buying hedge level puts.

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The longer this goes without an 8ema touch the more powerful it will be when it goes down, I think.

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I'm with you. Would love to 'time' (loosely typed) the top with hedges so we can make a killing on the way down.

Whats everyone's thoughts on the forbidden fruit thats in the $135 July calls.

All day battle going on around $135. Options are up 70ish%.

Im thinking without a clear break of $135 by the end of close Ill close out half of my position be close to net free and see what happens.

FJ43 said:

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GreasenUSA said:

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Quote:

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Bought SQ 250C weekly

LOTTO size - 3.40 entry

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EO got a pretty good entry on that one. I scalped it on a 3.39 entry. Waiting to see if we get a mid-day pullback.

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What did you do on these?

I bought per above....sold then bought back on the dip. Riding wave 2 but needs NHOD to go I think.

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I was really really close to buying back in at 3.00 per contract, but I saw 2 strikes working against me; I don't like to enter trades during the lunch hour, and Q's and SPX were drooping. Sat on my hands. I'm over 1% on the day realized, and those haven't been easy to come by lately, so I'm happy to wait it out for a faster mover.

Now over $135

AgShaun00 said:

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Read this in a newsletter i get on gold and silver. Anyone heard about this?

Quote:

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The bank that rules all banks the Bank for International Settlements ("BIS") altered the international accounting rules for gold. As a result, how gold and by extension, silver is traded could soon change significantly. Beginning Monday, allocated gold the actual physical metal held by banks in the European Union will become a Tier 1 asset, just like cash, elevated from Tier 3. In an allocated account, the customer's gold is set aside, tracked by unique serial numbers. The bank earns a small holding fee, but the customer retains ownership. Gold in unallocated accounts will remain a Tier 3 asset no longer considered an equal asset to gold itself. An 85% margin will now be required to cover unallocated gold accounts meaning there has to be 85 cents on hand to cover every dollar of "paper" gold lent out. Previously, banks were not required to back these unallocated trades at all.

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I don't know if the above is factual. And, I don't know how large of a trading segment the unallocated gold accounts would represent. If this is true, it should be bearish near term for the unallocated accounts and then go bullish after the weak hands are culled out. Raising margin is generally bearish as leverage is reduced, volatility declines and the market adjusts afterward.

Also, if the U.S. banks are involved in this, maybe it will stop the flow of U.S. bank stimulus cash back to the Fed's Repo Program. I don't know if that last sentence is true, but it might be. Janet and Jerome don't want $1 Trillion of stimulus coming back ($816 billion already returned) to the Central Bank while the U.S. Congress is trying to pass another $6 Trillion package.

Just spitballin'

GreasenUSA said:

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FJ43 said:

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GreasenUSA said:

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Quote:

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Bought SQ 250C weekly

LOTTO size - 3.40 entry

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EO got a pretty good entry on that one. I scalped it on a 3.39 entry. Waiting to see if we get a mid-day pullback.

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What did you do on these?

I bought per above....sold then bought back on the dip. Riding wave 2 but needs NHOD to go I think.

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I was really really close to buying back in at 3.00 per contract, but I saw 2 strikes working against me; I don't like to enter trades during the lunch hour, and Q's and SPX were drooping. Sat on my hands. I'm over 1% on the day realized, and those haven't been easy to come by lately, so I'm happy to wait it out for a faster mover.

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I'm up 15% on round 2 but it needs a pop to move them. Will kill premium if not. May set a tight trail here to exit green if retraces again then watch to see what happens.

Quote:

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I'm up 15% on round 2 but it needs a pop to move them. Will kill premium if not. May set a tight trail here to exit green if retraces again then watch to see what happens.

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Awesome! Yeah, at least it's still Monday though. Got some time. Would like to see a run to 250 by close.

Ragoo said:

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NRD09 said:

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Ragoo said:

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JNJ 165/170c 7/16 $1.40 cost could be a good trade

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You eyeballing the volume into close as an earnings preview or do you see something else?

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big volume bounce off of the lower BB. ParabolicSAR crossover after a long downtrend

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Just grabbed a handful of these for 1.1

OLDARMY1 - are you working on a new options presentation / video for release?

Been looking for that and feel I'm still struggling some with options and could really use some insight and knowledge.

TIA.

cptthunder said:

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$FTCH with the reminder that sideways is a direction haha

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Thanks for the bump

The SKEW seems skewed

oldarmy1 said:

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AG 2000' said:

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OLDARMY1 - are you working on a new options presentation / video for release?

Been looking for that and feel I'm still struggling some with options and could really use some insight and knowledge.

TIA.

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It's like a word salad. So much to condense into a digestible presentation. I work through bits and pieces as I can. If you guys who made it to the one that had power outages and winter storms think it had value I would be ok with placing it on the Venmo.

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Lots of value. I watched this when I was a complete newb. I have watched again now that I understand a lot more and its way more eye opening and understandable.

NRD09 said:

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Ragoo said:

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NRD09 said:

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Ragoo said:

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JNJ 165/170c 7/16 $1.40 cost could be a good trade

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You eyeballing the volume into close as an earnings preview or do you see something else?

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big volume bounce off of the lower BB. ParabolicSAR crossover after a long downtrend

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Just grabbed a handful of these for 1.1

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awesome. I've been busy all day. Will take a look.