Hang in there FJ, thinking of you and your mom.
Stock Markets
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Last: 11 hrs ago by Quacked
Praying for your mom FJ!
Sold some Aug NNOX 25 puts for $2 earlier this morning
IWM bout to challenge the 8 EMA
Hang in there, FJ, praying for you and your mom.
Praying for your Mom and family FJ, hope everything works out.
Prayers for your mom and all of your family. Safe travels if you come to Texas.
Having a stupid good day. Don't want to even think about tomorrow.
IWM next major resistance mid 221's.
Support should be in the $215 range.
Support should be in the $215 range.
Do tomorrow exactly what you did today. You've proven you can.McInnis 03 said:
Having a stupid good day. Don't want to even think about tomorrow.
Prayers for you and the family FJ!
We hedging up here?
Down to runners on weeklies, gonna let them run....BA can make 10-20 pt moves in the right situation.McInnis 03 said:Coming into resistance right now, let's see.....McInnis 03 said:
$BA breaking out of it's R1, 214.89 would be my next R2 on the daily
Lower high on SPY....for now.
First rule of stupid good days is we don't talk about stupid good days.McInnis 03 said:
Having a stupid good day. Don't want to even think about tomorrow.
What part of Texas does your mom live in?
IBM is turning the bottom from the run up and loss of it.
142C are about $0.56. Could be a double if even make sit back half way.
142C are about $0.56. Could be a double if even make sit back half way.
New Braunfels but they transferred her to Methodist in San Antonio. I have spoken to her several times today and she is ornery. Just waiting now.Prognightmare said:
What part of Texas does your mom live in?
I put a few in $NUE recently and noticed they are buying out a side business. Earnings are Thursday, before market close, and I hope this means good news. It's been in an upward trend this year and just recently started trading sort of sideways. I think there is good upside, and some chatter I am hearing of a split. I think a split would be good for the company.
I had a stupid good day yesterday and was smart enough to not tempt the fates.
You don’t trade for money, you trade for freedom.
BIGC short term model T?
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FJ43 said:
IBM is turning the bottom from the run up and loss of it.
142C are about $0.56. Could be a double if even make sit back half way.
Runs interrupted by macro dips is my favorite type of play! Expiring 142/143 spreads are .2
The power to front load that this man has.......
$TLIS The Covid Biotech Play Of The Lifetime
— Will Meade (@realwillmeade) July 20, 2021
(please read below and then you will agree) pic.twitter.com/JAn8VxuWRH
NRD09 said:FJ43 said:
IBM is turning the bottom from the run up and loss of it.
142C are about $0.56. Could be a double if even make sit back half way.
Runs interrupted by macro dips is my favorite type of play! Expiring 142/143 spreads are .2
I took 140/142 for this Friday at .78. Will cut it if we lose 138.7
McInnis 03 said:
The power to front load that this man has.......$TLIS The Covid Biotech Play Of The Lifetime
— Will Meade (@realwillmeade) July 20, 2021
(please read below and then you will agree) pic.twitter.com/JAn8VxuWRH
Up 22%+ since this tweet went out.
Model T of the move today at 11.44, submitted a $100 lotto order at 11.55 if it retraces I'll play along.
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Tomas Hermensa said:
If we stay above 4251.25 we should get a bullish Harami today and then maybe a big move up tomorrow. Fall below that and I think we continue the slide for another couple of days.
Edit - forgot to add: Morning FJ
So is this a go?
Have had a trade go my way today and thought I'd share what I was watching for and how I executed.....because now I'm left with some August monthly calls that are risk-free.
Anatomy of a trade: $BA - 2min chart shown
1) at the open, let things play out a bit, had my watchlist of 15 stocks open in order of percentage green to red, I watch for red's going green to find strength
2) started to see BA creep up from red, to barely red, went to 2min chart
3) Saw BA was against the daily pivot (purple line, I use "Woodies' daily pivots which calculate pivots with a heavier weight on recent price close)
4) Noticed BA broke daily pivot with authority (blue circle), at this point I'm willing to go long on a day scalp expecting to get to R1 so I bought 210c's at $2.38.
5) Rode these weeklies up to Resistance 1 (maroon line) where we pulled back to the opening range high (ORH), this doesn't worry me, this is where a lot of traders enter the play long on the pullback to ORH.
6) Continued to sell some of these calls as price continued to work it's way up, paying myself the whole way.
7) trading at 217 the 210c's were trading just above $7 so almost intrinsic value. At this point I can hold or find a way to sell out and up. I sold these 210c's for this week and bought 235c's for Aug 20 for really good credits.
8) Now my runners are Aug20 235c's at no-risk, if BA runs from here to then, we'll be just fine. If not, the trade is over anyways.
Notes:
If at bullet 3 BA reverses at the daily pivot, I don't play this trade.
If at bullet 5 BA re-enters the balance area deep I think about cutting the trade or lessening the risk significantly on a weekly play like this
On bullet 7, I simply wanted more time on this trade than 3 days.....and for the price of the options out that far, it made sense for me to take a credit and hold awhile. Letting the profits work for themselves.
Final Note:
I know everyone has an indicator or method they love.....I'm really getting into these Woodie's Pivots after ignoring them long ago.....Take a look at what happens to price at precisely R1 and again at R2. These poitns are where price reverses, almost to the penny. Now also realize these pivots are drawn at the bell of the open......so now you see where the strength of these comes into play. I'm having great success using them as strength/resistance lines and when/where to trim/add. Just another indicator to think about that isn't necessarily a laggard.
Anatomy of a trade: $BA - 2min chart shown
1) at the open, let things play out a bit, had my watchlist of 15 stocks open in order of percentage green to red, I watch for red's going green to find strength
2) started to see BA creep up from red, to barely red, went to 2min chart
3) Saw BA was against the daily pivot (purple line, I use "Woodies' daily pivots which calculate pivots with a heavier weight on recent price close)
4) Noticed BA broke daily pivot with authority (blue circle), at this point I'm willing to go long on a day scalp expecting to get to R1 so I bought 210c's at $2.38.
5) Rode these weeklies up to Resistance 1 (maroon line) where we pulled back to the opening range high (ORH), this doesn't worry me, this is where a lot of traders enter the play long on the pullback to ORH.
6) Continued to sell some of these calls as price continued to work it's way up, paying myself the whole way.
7) trading at 217 the 210c's were trading just above $7 so almost intrinsic value. At this point I can hold or find a way to sell out and up. I sold these 210c's for this week and bought 235c's for Aug 20 for really good credits.
8) Now my runners are Aug20 235c's at no-risk, if BA runs from here to then, we'll be just fine. If not, the trade is over anyways.
Notes:
If at bullet 3 BA reverses at the daily pivot, I don't play this trade.
If at bullet 5 BA re-enters the balance area deep I think about cutting the trade or lessening the risk significantly on a weekly play like this
On bullet 7, I simply wanted more time on this trade than 3 days.....and for the price of the options out that far, it made sense for me to take a credit and hold awhile. Letting the profits work for themselves.
Final Note:
I know everyone has an indicator or method they love.....I'm really getting into these Woodie's Pivots after ignoring them long ago.....Take a look at what happens to price at precisely R1 and again at R2. These poitns are where price reverses, almost to the penny. Now also realize these pivots are drawn at the bell of the open......so now you see where the strength of these comes into play. I'm having great success using them as strength/resistance lines and when/where to trim/add. Just another indicator to think about that isn't necessarily a laggard.
Thanks for sharing. And great move.
Amazing how much better my portfolio looks with IWM not sucking hind tit
My updated top for this week for IWM is between $222 and $223.2.
McInnis - are you painting the pivot and S/R lines yourself or have you found something to do it automatically?
You don’t trade for money, you trade for freedom.
If you have the funds, look at selling the Aug $90-100 puts on SAVA. If their phase 3 update this Sunday-Monday is positive, which I believe it will be, then that's free money IMO.
ELOX making a run
If positive, what are you expectations of the stock once the markets react to it? I know we both and others probably have calls playing into it but you seem pretty plugged into this one for awhile now.
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