McInnis 03 said:

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Here is your Daily ATR +3, Above average volume scan.

http://tos.mx/RS2SHYC

Now for some reason the ATR -3 scan isn't perfect, but it's close. Sometimes the price isn't quite below ATR -3 for some reason.

http://tos.mx/oP9WIJx

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This. is. awesome.

MU melting up AH.

They have earnings after close tomorrow. So if we get a some pre earnings run up tomorrow intraday I will sell all calls except a runner(s) for earnings.

RIG question .. ive been followomg the thread pretty good although the last week was tough due to spotty service.
Ive gone back and looked and also went to OA tweets
Is there a particular play on RIG?

What does it mean "2023 Leaps"?

Options chain go out to January 2023 and pick your strike price

So just a pick'em out to that date?

If you believe a stock has some huge upside growth over the next year or two you can go out a year plus to pick the strike you think it will hit.

For example, I believe NNOX will be 180 plus because of their pending FDA filings. I chose a 125 strike price for January of 2022 back at the beginning of the year.

Do you pay long term or short term taxes on leaps? Or is it based on the market value on the last day of the year?

Seems like a gray area cause if it's market value you could pay huge in taxes if you are up big then if they expire worthless you paid a lot more than your losses. Just random question I guess.

$TSLA Triple inside day directly on top of the breakout level.. 👀 pic.twitter.com/WvKzbd1BhB

— Theta Warrior (@ThetaWarrior) June 29, 2021

Bull flagging too. If macro doesn't implode, I'll be glad I kept my net free July 700s.

Aggiesincebirth said:

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Do you pay long term or short term taxes on leaps? Or is it based on the market value on the last day of the year?

Seems like a gray area cause if it's market value you could pay huge in taxes if you are up big then if they expire worthless you paid a lot more than your losses. Just random question I guess.

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No taxes are due as long as you hold the security. Just like buying and selling a stock.

CPDAggie10 said:

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trip98 said:

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RIG question .. ive been followomg the thread pretty good although the last week was tough due to spotty service.
Ive gone back and looked and also went to OA tweets
Is there a particular play on RIG?

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2023 Leaps, Long shares, and July or August calls I believe. The short dated calls were more speculative play just in case a big move came earlier than expected.

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There's huge open interest in the November 2021 $6 calls and one other strike i believe

Make sure you share some finds with the class

McInnis - any thoughts on BODY dropping 12% today? Surprised me some, but maybe people just taking profits?

FJ

Question about how you draw your S/R lines. Working on trying some charting and I was curious if you use the wick that extends past the candles when drawing your lines? Or do you do it where the volume ends up at on the Minute/daily/Hourly charts? It seems like it changes the levels drastically in some cases when looking back on the left side of the chart but I am just not sure if the wicks matter in S/R levels or not.

TIA.

Ok thank you very much.

If you sell calls is it the same? Because when you sell the calls you receive the premium right away that you can go use or reinvest. I had an interesting discussion today at lunch. Everyone had their brain in a pretzel trying to figure it out. I know I can probably Google this but y'all are smarter than Google.

bmoochie said:

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FJ

Question about how you draw your S/R lines. Working on trying some charting and I was curious if you use the wick that extends past the candles when drawing your lines? Or do you do it where the volume ends up at on the Minute/daily/Hourly charts? It seems like it changes the levels drastically in some cases when looking back on the left side of the chart but I am just not sure if the wicks matter in S/R levels or not.

TIA.

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Hola. I include the wicks and they did matter as a wick often demonstrates where the support or resistance was. Highest and lowest price of the period throughout the trend. I do that for daily, adjust on 4 hr then 1 hr to confirm daily. I'll add 10min for scalping including wicks.

You'll find by doing that you'll have more wicks than anything that align for you.

agdaddy04 said:

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McInnis - any thoughts on BODY dropping 12% today? Surprised me some, but maybe people just taking profits?

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Selling into strength. Plenty people don't even know about the ticker change yet. I'm holding awhile on this though. I'm in no hurry

bmoochie said:

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FJ

Question about how you draw your S/R lines. Working on trying some charting and I was curious if you use the wick that extends past the candles when drawing your lines? Or do you do it where the volume ends up at on the Minute/daily/Hourly charts? It seems like it changes the levels drastically in some cases when looking back on the left side of the chart but I am just not sure if the wicks matter in S/R levels or not.

TIA.

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One additional thing. If you are calculating Model T or using a Fib tool include the wicks for the calculations.

Assuming you're talking about cc, I'm pretty sure turbotax considers 0 as your basis and profit as whatever your premium was when you have cc that expire worthless. Maybe same with calls that result in assignment, but then you have the underlying purchase and assignment/sale as a separate pair of transactions

FJ43 said:

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bmoochie said:

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FJ

Question about how you draw your S/R lines. Working on trying some charting and I was curious if you use the wick that extends past the candles when drawing your lines? Or do you do it where the volume ends up at on the Minute/daily/Hourly charts? It seems like it changes the levels drastically in some cases when looking back on the left side of the chart but I am just not sure if the wicks matter in S/R levels or not.

TIA.

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One additional thing. If you are calculating Model T or using a Fib tool include the wicks for the calculations.

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Awesome thanks! this actually was a follow up question as I just re-watched OA's February Seminar. Was a complete novice when I watched the first time so I wanted to watch again now that I understand a lot more.

Anytime

Did OA end up posting the video link to the seminar and I missed it? I saw him post something about setting up a video link a couple days ago but must have missed it.

Update: Very slow green day for #ES_F and seems a little tired - could use a pullback day to backtest supports to refresh but very little to do here but trail a stop to upside targets.

— Adam Mancini (@AdamMancini4) June 30, 2021

Aggiesincebirth said:

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Ok thank you very much.

If you sell calls is it the same? Because when you sell the calls you receive the premium right away that you can go use or reinvest.

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Glad you brought this up because I have a question on receiving premiums for covered calls. In my TDA account, when I sell a call, I get the premium right away. In my Fidelity account, I don't get the cash until I either buy it back or it expires. Am I missing something?

Hey guys. Couple things. I'm new around here, been following a couple months and I'm trying to set up my charts. I watched FJ & 30ks video, but my Roth is based in fidelity and I'm having trouble overlaying my ATR on top of my chart in Active Trader Pro. And I don't see any functionality that I have discovered for adding +1 +2 or +3.

Do we have any resident Active Trader Pro experts?

Also, if it means anything I'm on a Mac as I'm a creative for a living, so ATP is emulating through Wine although it seems to be relatively stable.

hamean02 said:

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Hey guys. Couple things. I'm new around here, been following a couple months and I'm trying to set up my charts. I watched FJ & 30ks video, but my Roth is based in fidelity and I'm having trouble overlaying my ATR on top of my chart in Active Trader Pro. And I don't see any functionality that I have discovered for adding +1 +2 or +3.

Do we have any resident Active Trader Pro experts?

Also, if it means anything I'm on a Mac as I'm a creative for a living, so ATP is emulating through Wine although it seems to be relatively stable.

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Welcome! 30k is a Fidelity user and we also have a few others as well. I'm sure someone can give you some help on this one. I think he has his ATR setup in Active Trader Pro.

Yes a few days after he did the seminar in February he sent the link. Don't think he has done a seminar since that one though.

I haven't figured it out. I think 30K uses trend spider for charting

hamean02 said:

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Hey guys. Couple things. I'm new around here, been following a couple months and I'm trying to set up my charts. I watched FJ & 30ks video, but my Roth is based in fidelity and I'm having trouble overlaying my ATR on top of my chart in Active Trader Pro. And I don't see any functionality that I have discovered for adding +1 +2 or +3.

Do we have any resident Active Trader Pro experts?

Also, if it means anything I'm on a Mac as I'm a creative for a living, so ATP is emulating through Wine although it seems to be relatively stable.

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I tried so hard with fidelity. My advise is to open an account with tdameritrade and use thinkorswim for charting. Way more power on charts and ability to share and make sense of what is happening. I'll share some stuff too that I've found helpful.

CrazyRichAggie said:

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I haven't figured it out. I think 30K uses trend spider for charting

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I thought he sent a screen shot a while back of his settings. I could be mistaken though.