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BrokeAssAggie
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RigsTx
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AG
AG 2000' said:

Can we talk $SAVA for a bit? I'm poking around call spreads for this month and next.

Their big catalyst falls in between - presenting at the big Alzheimer's conference July 26-30.

Everything is absolutely juiced right now, but what makes sense? Feels like run up continues next week.

Looking at August calls, they top out at $150.

No Alzheimer's drug has ever shown cognitive improvement at nine months, which is what they will be releasing results on at the conference. So this is the mother of all lottos - if they have good data it will be first of its kind and it's going to go absolutely nuclear. So clearly August calls come with more risk than next week's.

Sorry for the stream of consciousness, just curious if anyone has any opinions on spreads coming up. Guess this could include LEAPs too.


I'd be curious to get some thoughts on this too. I had some Jan '22 $150 LEAPs that I phased out of last week thinking we would have a cool off period. That obviously hasn't happened so I'm looking for new ways to play SAVA to take advantage of the conference at the end of the month.

Would welcome opinions from those more well versed than me.
oldarmy1
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AG
Hope we had a room full of put holders.

If you have over $5k worth of puts an advanced move is to use a potential big gap down open to buy a cheap expiring call using $0.25 of the nice put value gain and sell half on any initial Model T.
Maedan86
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AG
A chart or any thoughts REI? OA recommended a while back in the 1.30's I think. I sold some today to pick up some DNN at 1.06 (since I missed CIDM below 1.10 today). With my luck tomorrow will be a bloody Friday.

Can't thank the regulars on this board enough for sharing knowledge, experience, etc...not to mention humor and good camaraderie.
E
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AG
Got my Eagle Rare out and ready for tomorrow
McInnis 03
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AG
Scalped NQ long and left runners. I hope I wake up to 100 points
jimmo
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one thing I've done is review charts in the evening - prep for next day
I like looking for RDR's on daily charts
my gosh - their all over the place today
big gaps.. (up or down) skew things I think, at least for me
BrokeAssAggie
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gougler08
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AG
Futures have bounced back already, S&P only down 7 points now
Brewmaster
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AG
CrazyRichAggie said:


LOL, that is awesome. and he did it! the most coherent and funniest post ever for him, all in one.
Brewmaster
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AG
gougler08 said:

Futures have bounced back already, S&P only down 7 points now
as HP says, "the night is long"
FTAG 2000
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AG
Anyone follow @jam_croissant on twitter?

He seems to think next week could be a tough week - talks about market weakness in relation based on a review of the greeks on option flow (something different relative to other opex weeks), been calling it for a month plus realy.

thoughts?
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Bosco
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AG
FAT SEXY said:

I've been fading out from most Twitter follows.. I seem to do better when I find tickers on my own and do my own DD.

Not saying it cannot be a good source of information, because I still use it, but I find that Twitter is full of noise often times.


Yeah same. Was excited to find all these confident trader bros with ideas, but after just a month I'm realizing they just throw a bunch of stuff out there and hope one sticks. Some are better than others.

I may use them for confirmation of my own trades if necessary but take them all with a grain of salt.
$30,000 Millionaire
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AG
AG 2000' said:

Anyone follow @jam_croissant on twitter?

He seems to think next week could be a tough week - talks about market weakness in relation based on a review of the greeks on option flow (something different relative to other opex weeks), been calling it for a month plus realy.

thoughts?


Yes, I follow Cem and interact with him some. Really really smart trader. He's into second order moves like vanna and charm, too high brow for me. Guy is really good at understanding the market but it doesn't mean he's perfect!
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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AG
Bosco said:

FAT SEXY said:

I've been fading out from most Twitter follows.. I seem to do better when I find tickers on my own and do my own DD.

Not saying it cannot be a good source of information, because I still use it, but I find that Twitter is full of noise often times.


Yeah same. Was excited to find all these confident trader bros with ideas, but after just a month I'm realizing they just throw a bunch of stuff out there and hope one sticks. Some are better than others.

I may use them for confirmation of my own trades if necessary but take them all with a grain of salt.


The trader bros here are more accurate than Twitter. Just saying.
You don’t trade for money, you trade for freedom.
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oldarmy1
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AG
Futures flipped to green. I still say the equity break is the warning shot for a larger correction.

Will let calls get some returns and look to $334 flash to re-enter full put position.
FJ43
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Gooooood Morning!

Your early snapshot....



SPY is now over MT from ATH & yesterday's low. But not by much and close to yesterday's high. It lost it before.
Qs green but also below yesterday's high.
VIX in the 17s which is good for some rally.

I don't plan on getting sucked into either direction today since I want to have a great weekend. Last weekend was looooong having a rough end to the week.

Will be expecting volatility today and if guessing a late day rally.

Last but not least.....

Today is LOTTO Friday! Play small - Have fun - Don't bet the farm - They don't all work out - Hero or zero.



Trade wisely...well you know what I mean.

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

FJ43
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PTON & PYPL may be back on the table for lottos.

Lots of potential setups for these today.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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APPL lotto from yesterday could be a rinse & repeat.

144C

I would watch for a dip V at open as possible entry. If that happens and reclaims prior close of 143.24 I think sees 144+

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

McInnis 03
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AG
McInnis 03 said:

Scalped NQ long and left runners. I hope I wake up to 100 points


Its not 100 but I'll take it
FJ43
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That's it.

Breaking out George the Resistol Rally hat.

Let's rally into close.


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

FJ43
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Congrats! Great way to start out the day.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

McInnis 03
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AG
McInnis 03 said:

McInnis 03 said:

Scalped NQ long and left runners. I hope I wake up to 100 points


Its not 100 but I'll take it




Anndddddd stopped on a 40pt trailer
FJ43
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SPY Scalping

Watch 431.14 today. That is MT from Wed H to yesterday L. Then 431.73.

Above that level is bullish for me and below isn't.

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

FJ43
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McInnis 03 said:

McInnis 03 said:

McInnis 03 said:

Scalped NQ long and left runners. I hope I wake up to 100 points


Its not 100 but I'll take it




Anndddddd stopped on a 40pt trailer
ES 4316.25 looks to be MT from past 2 days.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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Qs

358.59 is MT from Wednesday H to Thursday L Key level IMO for today.

Just fell below again.

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

FJ43
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Maedan86 said:

A chart or any thoughts REI? OA recommended a while back in the 1.30's I think. I sold some today to pick up some DNN at 1.06 (since I missed CIDM below 1.10 today). With my luck tomorrow will be a bloody Friday.

Can't thank the regulars on this board enough for sharing knowledge, experience, etc...not to mention humor and good camaraderie.

Just my 2 cents anyway. I think all good here.

Held the 50EMA at support yesterday despite macros.
It is in sort of a double cup/handle over a long period with a shorter range one as well.
Red are long term trend lines so its right at it. When it break this it could go.
Could also consolidate here for a bit in tight range.



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

Bob Knights Paper Hands
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My lotto Friday play is cheap AMZN put spreads. We are way above max pain close (<3600) and I see this easily dipping to or below yesterday's lows if the market is weak.
FJ43
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This guy usually has good lottos.

I have overlap on PTON and AAPL so I key on multiple overlaps to my own setups. However I may choose different strike and trigger.

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

FJ43
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Theta Warrior has AMZN both ways for lottos depending but different levels than you.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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AG
Fingers crossed for gap and crap.
You don’t trade for money, you trade for freedom.
BrokeAssAggie
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$30,000 Millionaire said:

Fingers crossed for gap and crap.


Load up the puts on the gap up
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