BREwmaster said:

---

147C AAPL - trim some if you took. should be net free here or close to it.

7 mil volume candle, volume is on our side, wow!

---

Great call yesterday

S&P and DOW record highs, Nasdaq stalling. Rotation is in play here, Energy, Materials, Banks, all getting the go ahead.

ROKU is killing me. Couple weeks ago 500 looked on the table, now 300 is looking more likely.

Looks like CLOV decided to give us the middle finger!

And PROG

McInnis 03 said:

---

S&P and DOW record highs, Nasdaq stalling. Rotation is in play here, Energy, Materials, Banks, all getting the go ahead.

---

TraderStewie brought up XLE yesterday and helped me pull the trigger on some XLE Sept 55Cs that are doing well right now

Stopped out on my CRM and NVDA options plays.

AgCPA95 said:

---

Prognightmare said:

---

TTD with several PT increases this morning.

---

Selling some covered calls on this pop

---

How far out and what strike are you looking at on these. I've been wanting to do this too but don't want to screw this up. by CB is 56.67.

Just finished with a quick issue at work, WTF APPL? Up nicely and could have been closed out but you decide to drop while I'm away for a few minutes? Not nice.

what did you guys do?

McInnis 03 said:

---

S&P and DOW record highs, Nasdaq stalling. Rotation is in play here, Energy, Materials, Banks, all getting the go ahead.

---

If we're rotating, what do you think that means for IWM?

AG 2000' said:

---

McInnis 03 said:

---

S&P and DOW record highs, Nasdaq stalling. Rotation is in play here, Energy, Materials, Banks, all getting the go ahead.

---

If we're rotating, what do you think that means for IWM?

---

If I knew I'd tell you. The Russell makes it's own rules and I haven't figured them out.

CrazyRichAggie said:

---

Bought SNOW 8/20 $290 calls $4 entry, target $8

---

Stopped out of these..

cptthunder said:

---

cptthunder said:

---

Time to see if our 10:10:30 ET WWR buyer come back today
Clock starts in 1 minute and Ive got my 100 shares in hand

---

They are late as of right now.... does this prove its someone on this board just messing with me haha

---

Well hit nearly 71K shares on the 5 miunte but didnt make the significant move like the last couple days, time to wait and see if the volume dies off again

Brian Earl Spilner said:

---

ROKU is killing me. Couple weeks ago 500 looked on the table, now 300 is looking more likely.

---

I hate it for your sake, but for mine if it gets to $300 I am putting everything I own in Roku.

Ccutamu said:

---

AgCPA95 said:

---

Prognightmare said:

---

TTD with several PT increases this morning.

---

Selling some covered calls on this pop

---

How far out and what strike are you looking at on these. I've been wanting to do this too but don't want to screw this up. by CB is 56.67.

---

I'm no expert so others chime in to critique my trade, but based on what some others have guided, I look 25-45 days out at a premium I wouldn't getting mind called out at but probably hedge toward not getting called out. I know I've read looking at Delta of something around .40 but I'm usually south of that so this Delta was .25 so less likely to get called, but you of course collect less premium on the sell.

With this I sold Sept 17 $100

Irish 2.0 said:

---

Credit to Wonderer


ETA:
Still not trading. Just leaps and selling naked puts on exaggerated moves for me lately as I don't have the time to monitor much

---

VIKS!!!?

Anyone still in msft 295 C Aug 20?we dump it if it closes under the 8 day ema (which it is currently under)

I'm still in but giving it some more time. Which means you probably need to dump it.

zwhag2010 said:

---

Anyone still in msft 295 C Aug 20?we dump it if it closes under the 8 day ema (which it is currently under)

---

Just stopped out.

McInnis 03 said:

---

S&P and DOW record highs, Nasdaq stalling. Rotation is in play here, Energy, Materials, Banks, all getting the go ahead.

---

Looks like BIO is getting dumped too.

BREwmaster said:

---

CLOV earnings on Wednesday... sure feels like it's going to rip upward, been held down. IV is nuts on it though, both this week and next.

---

Agree. After what appears to be some basing and a strong close/reversal yesterday, shorts probably getting anxious. I think op ex is probably more significant than earnings. As soon as they crush majority of short dated reddit yolo calls, this thing takes off.

cptthunder said:

---

McInnis 03 said:

---

S&P and DOW record highs, Nasdaq stalling. Rotation is in play here, Energy, Materials, Banks, all getting the go ahead.

---

TraderStewie brought up XLE yesterday and helped me pull the trigger on some XLE Sept 55Cs that are doing well right now

---

Looks like XLE is flagging on the 5 minute right now and should pick a direction here soon

AgCPA95 said:

---

Ccutamu said:

---

AgCPA95 said:

---

Prognightmare said:

---

TTD with several PT increases this morning.

---

Selling some covered calls on this pop

---

How far out and what strike are you looking at on these. I've been wanting to do this too but don't want to screw this up. by CB is 56.67.

---

I'm no expert so others chime in to critique my trade, but based on what some others have guided, I look 25-45 days out at a premium I wouldn't getting mind called out at but probably hedge toward not getting called out. I know I've read looking at Delta of something around .40 but I'm usually south of that so this Delta was .25 so less likely to get called, but you of course collect less premium on the sell.

With this I sold Sept 17 $100

---

Thanks.

The XLE has been channeling for a while. $55 is a huge level, if it breaks that, watch out.

Watching HBI to see if it can close above $20 and make a run at the gap fill up to $22.

Sold CLF and X August calls. Keeping a few runners.

buying NGL down here

$30,000 Millionaire said:

---

buying NGL down here

---

Dang near COVID lows thats rufffff

OA posted a SKLZ trade a few days ago, anyone follow/still holding? I'm looking for an entry but it looks like it could visit $10 again

BenRev09 said:

---

OA posted a SKLZ trade a few days ago, anyone follow/still holding? I'm looking for an entry but it looks like it could visit $10 again

---

Big volume coming in right now. I bought weekly 12.5 for.18. Lotto

Yall I'm still seeing RUT / IWM / RTY going lower. This post will focus on the structure of IWM, but the structure is almost exactly the same for RTY. RUT actually adds additional support to this theory as its shape is even more defined for the target.

It looks like we are in a corrective diagonal since July 22. I thought it was a simple wave iv ending there at 223, but that might have merely been stop #1 in a 5-point diagonal (labeled a-b-c-d-e on my chart.. currently looking for e) for wave iv. There's a small chance we topped out on 8/6 at 225.21, if not I think we hit 226 or 227 before dropping big.

Here's the long term chart, followed by the medium term, followed by the short term, followed by the micro term which I outlined above. And anything in the future is not time accurate. It's merely there to show a potential price target.

I wouldn't plan any calls or puts until we either have a clear break upward over the top line of the diagonal (nullifying this downward theory), or we break below the lower line of the diagonal (verifying this theory and pointing to a lower low).

IWM 20-yr, 1 month


IWM 2-yr, 1 day


IWM 180-day, 4 hours


IWM 30-day, 1 hour