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$30,000 Millionaire
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10:10a, 7/8/21
AG
some food for thought: when was the last time there was a bull trap?
You don’t trade for money, you trade for freedom.
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Farmer @ Johnsongrass, TX
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10:12a, 7/8/21
We're likely looking at the flush OA1 was projecting for last Thurs/Fri....and I am very good with this happening. Extends the bull run in my opinion. I need extra bull run help exiting my dividend plays from this week - not a lot of help, but a little. Don't want to jinx myself, but if the stars stay aligned for me as for what I believe will happen (bull run continues through most of July), I'll be re-established in cash waiting on the "big one" to zippy down. And, I'll be one happy dude.
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McInnis 03
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In reply to $30,000 Millionaire • 10:12a, 7/8/21
AG
No mind games today, WE ARE RATTLED.
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Ragoo
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10:12a, 7/8/21
AG
Closed roku out spreads
Bought roku call spreads 420/430
Holding TSLA 450/440 put spreads
Bought TSLA 430/440 call spreads
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bmoochie
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10:14a, 7/8/21
AG
Covered call question: Can you choose which lot to exercise if I have to sell the shares? if so, how do you do that?
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J.P. 03
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10:17a, 7/8/21
AG
Quick recap of my morning so far thanks to that mini-rally the last 15 minutes:

-SPY down more than 5 points on the day
-I am holding SPY puts
-I am currently losing money

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Farmer @ Johnsongrass, TX
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In reply to McInnis 03 • 10:17a, 7/8/21
WFC could be thinking the personal lines are going to the NYSE and decided to mitigate risk by shuttering.

ETA: Today would be a good day for WFC to monitor withdrawals for margin calls to their internal trading business.
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jwhitlock3
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In reply to bmoochie • 10:18a, 7/8/21
bmoochie said:
Covered call question: Can you choose which lot to exercise if I have to sell the shares? if so, how do you do that?


Yeah you can choose lots on assignment, who's your broker?
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McInnis 03
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In reply to Farmer @ Johnsongrass, TX • 10:19a, 7/8/21
AG
Interesting thought, my radically fiscal conservative mind would have never even thought of this........our financial literacy sucks.
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agdaddy04
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10:20a, 7/8/21
AG
Kind of frustrated with myself as I must've done something wrong. Put a buy order in yesterday morning for ELOX at $1.60, which is what it closed at but I guess it wasn't there long enough to execute my purchase.
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McInnis 03
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10:20a, 7/8/21
AG
ES is poking out of the upper range.......led by Real estate, utilities, and possibly energy.
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$30,000 Millionaire
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In reply to McInnis 03 • 10:21a, 7/8/21
AG
McInnis 03 said:
No mind games today, WE ARE RATTLED.
from a 1% down day that could close the day green? NQ has touched the 8 EMA and so far rejected off of it. Still bullish.
You don’t trade for money, you trade for freedom.
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Farmer @ Johnsongrass, TX
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In reply to McInnis 03 • 10:21a, 7/8/21
McInnis 03 said:
Interesting thought, my radically fiscal conservative mind would have never even thought of this........our financial literacy sucks.
Today would be a good day for WFC to monitor withdrawals for margin calls to their internal trading business. They can see this easily and make a determination as to how other banks are impacted. If other banks follow suit or make restrictions, there's a problem
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FJ43
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10:21a, 7/8/21

Farmer remember 430.01 from the other day? Let's see if that prior support now becomes a wall.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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$30,000 Millionaire
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10:21a, 7/8/21
AG
we're back to prices not seen since Tuesday
You don’t trade for money, you trade for freedom.
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krosch11
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10:23a, 7/8/21
AG
$WWR if this board owned 5% of the company previously I bet its closer to 10% now.
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McInnis 03
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In reply to $30,000 Millionaire • 10:24a, 7/8/21
AG
$30,000 Millionaire said:
McInnis 03 said:
No mind games today, WE ARE RATTLED.
from a 1% down day that could close the day green? NQ has touched the 8 EMA and so far rejected off of it. Still bullish.
WE ARE FRAGILE
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FJ43
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10:26a, 7/8/21

SPY - I am not seeing huge volume bull spikes on the 1 Min...yet anyway
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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bmoochie
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In reply to jwhitlock3 • 10:26a, 7/8/21
AG
jwhitlock3 said:
bmoochie said:
Covered call question: Can you choose which lot to exercise if I have to sell the shares? if so, how do you do that?


Yeah you can choose lots on assignment, who's your broker?
E*TRADE. I just was not sure if they would ask me or not or how that process works.
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sts7049
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10:27a, 7/8/21
AG
i'm out of my SPY puts. they made me about 30% so i'm really happy
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FJ43
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In reply to FJ43 • 10:34a, 7/8/21
FJ43 said:

Farmer remember 430.01 from the other day? Let's see if that prior support now becomes a wall.
It was for now....


Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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McInnis 03
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10:36a, 7/8/21
AG
The order book is freaking LOADED at ES 4305. That's the bears last stand I guess.
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Triple_Bagger
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In reply to krosch11 • 10:38a, 7/8/21
krosch11 said:
$WWR if this board owned 5% of the company previously I bet its closer to 10% now.
It's possible. I doubled my holdings in the last 2 days
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McInnis 03
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In reply to McInnis 03 • 10:39a, 7/8/21
AG
McInnis 03 said:
The order book is freaking LOADED at ES 4305. That's the bears last stand I guess.
Bulls just made a statement and NQ just broke resistance and the opening range, let's ride.
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$30,000 Millionaire
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In reply to McInnis 03 • 10:41a, 7/8/21
AG
McInnis 03 said:
McInnis 03 said:
The order book is freaking LOADED at ES 4305. That's the bears last stand I guess.
Bulls just made a statement and NQ just broke resistance and the opening range, let's ride.
what I'm finding interesting watching tape today is the up moves are "elevator up" and the down moves are stairs down.
You don’t trade for money, you trade for freedom.
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sts7049
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In reply to sts7049 • 10:41a, 7/8/21
AG
sts7049 said:
i'm out of my SPY puts. they made me about 30% so i'm really happy
and then i jumped into SPY weekly 431c's for another 30%! great day today with SPY
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McInnis 03
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In reply to $30,000 Millionaire • 10:42a, 7/8/21
AG
What does it tell you?
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Farmer @ Johnsongrass, TX
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In reply to McInnis 03 • 10:46a, 7/8/21
Tells me that stairways are going to be crowded once that elevator reaches the top floor. Anyone for windows?
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jwhitlock3
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In reply to sts7049 • 10:47a, 7/8/21
sts7049 said:
sts7049 said:
i'm out of my SPY puts. they made me about 30% so i'm really happy
and then i jumped into SPY weekly 431c's for another 30%! great day today with SPY


I'm your opposite, took weekly puts at resistance and it broke out, just took another weekly 429P at 430.47 thinking 8 would present some resistance...so far not working
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Bob Knights Paper Hands
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In reply to McInnis 03 • 10:47a, 7/8/21
McInnis 03 said:
What does it tell you?

I take it as less active bears and low motivation for longs to sell at these levels. More "ride it out" mentality since the past few red plunges have been bear traps. When we get limited buying we stair step down, but when we get any good volume buying we elevator up since the selling doesn't keep up.
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FJ43
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10:48a, 7/8/21
SPY MT between yesterday H and today's low is about 431.14
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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McInnis 03
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In reply to McInnis 03 • 10:50a, 7/8/21
AG
McInnis 03 said:
BREwmaster said:
McInnis 03 said:
In all seriousness, if ES 4280 gives.........hold on to your pants..........seems like it's holding again though on this 4th test since premarket.
4th??!! have to like the odds of it giving way if it keeps testing it.
F THAT NOISE. LONG NQ 4EVA
Diamond handing since 14558.75

Who am I kidding, this wasn't a hard hold.
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McInnis 03
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10:51a, 7/8/21
AG
AMZN


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BenRev09
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In reply to FJ43 • 10:51a, 7/8/21
AG
FJ43 said:
SPY MT between yesterday H and today's low is about 431.14
Would expect to see some resistance between there and 431.55
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In reply to McInnis 03 • 10:52a, 7/8/21
AG
McInnis 03 said:
What does it tell you?
simplistically, algorithms are trying to evoke a rally. A R/G rally today would be completely demoralizing to any bearishly biased position. At this moment we're up 0.8% from the LOD on SPX/NDX and almost 2% on RUT. RUT was oversold, so that was to be expected.

These elevator ups haven't been on fantastic volume.

I do think there are a lot of people that dip bought right now that are declaring victory, but a retracement is needed for a better, more extended move to the downside. I was being serious when I asked how long it had been since we have had a bull trap. It's been months. This board has been pleased with itself for dip buying on bear traps.
You don’t trade for money, you trade for freedom.
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