I told u $TSLA chain was cheap today? How cheap?

Let’s look at 8/20

Last Monday 8/20 calls were trading @

800c was>7.5 now .8
790c was~9 now 1.04
780c was 10 now 1.4
820c was 4.75 now .52

Will $ be made back on this chain? 🤑

— Nick (@NStocks96) August 10, 2021

BREwmaster said:

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I told u $TSLA chain was cheap today? How cheap?

Let’s look at 8/20

Last Monday 8/20 calls were trading @

800c was>7.5 now .8
790c was~9 now 1.04
780c was 10 now 1.4
820c was 4.75 now .52

Will $ be made back on this chain? 🤑

— Nick (@NStocks96) August 10, 2021

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traderstewie had a chart on TSLA today too. I was thinking about the 780s tomorrow myself...

You're talking CCs on a $30 stock. I could be way wrong, but the "3x" amount probably doesn't amount to much. That's also assuming you're able to get .15 tomorrow, which seems like a stretch.

Sorry, I'll move along now.

Touch. I was assuming a few thousand shares at the most.

$TSLA looks bullish to me.

BaylorSpineGuy said:

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Can someone please explain something to me?

I was preparing to close out part of my puts on PII this morning, and the stock opened and went down even further. I kept reloading my Fidelity acct to see the updated options price to see what my overall net gains would be and how many contracts to close so I could be net free and let the rest run

Well, anyway, by the time the first options of the day became available (about 20 or so minutes in), the stock had reversed and gone up further.

If I had closed, would I be paid on yesterday's closing premium or the current price? I was confused and now I've unfortunately lost my gains. Have 9 more days on the contract so am still hopeful but very frustrated at the moment.

Amateur hour at its finest here.any advice/guidance would be appreciated.

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JMO Doc but if I were you, then I'd have at least 2-3 brokerage accounts with your play (learning) money. I don't care if you're doing it with 1K or 100K. I prefer TDA but IBKR is also solid. This will allow you the ability to control your trades should one brokerage go down, and permit you to trade same day options on expiration day. I know you're intelligent and you will appreciate the freedom as your confidence grows. Also, lie when opening any trading account so you have less restrictions.

I agree with Prog. I use IBKR as my primary trading account, but also have accounts with TDA, Etrade and (GASP!!) Robinhood. I use TDA for penny stocks, etrade is an old account that isn't used much, and Robinhood was the only one that I could trade DOGE in at the time I started, so still using it for that. IBKR and TDA are my favorites.

Fidelity is actually really good about execution, but you need to use active trader pro vs. the app or the website to see real-time price data. The only annoying thing is they restrict most accounts from 0 DTE options. I called and complained and they turned it back on for me. What I don't like about fidelity is that the pricing/fills aren't as good as with TOS and others. Their commissions aren't bad either, which is great.

I am probably going to switch to IKBR eventually, but I'll do that near the end of the year when I'm not trading and can have a clean start between tax years.

BaylorSpineGuy said:

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Can someone please explain something to me?

I was preparing to close out part of my puts on PII this morning, and the stock opened and went down even further. I kept reloading my Fidelity acct to see the updated options price to see what my overall net gains would be and how many contracts to close so I could be net free and let the rest run

Well, anyway, by the time the first options of the day became available (about 20 or so minutes in), the stock had reversed and gone up further.

If I had closed, would I be paid on yesterday's closing premium or the current price? I was confused and now I've unfortunately lost my gains. Have 9 more days on the contract so am still hopeful but very frustrated at the moment.

Amateur hour at its finest here.any advice/guidance would be appreciated.

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Morning...

As far a potential strategy for today...watch the open for any flash down into or just below about 130 (129.92). You could get that flash down before resuming the continuation of yesterday's action. That is a support level and also happens to be about Model T of yesterday or Fib 50% retracement. Options on a flash down usually spin pretty quick and may give you an opportunity to take gains.

Not sure but do Fidelity users have to subscribe or turn on real time quotes? Maybe that is the difference between Active Trader Pro and their standard platform.

On IBKR some underlying options prices at the opening bell are not displayed right out of the gate. It may only take a few seconds but on at least on IBKR I can hit 'Control F" and they immediately show as a refresh.

When you close an option contract you are paid based on the execution (closing) price at the time you executed the transaction.

$30,000 Millionaire said:

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The only annoying thing is they restrict most accounts from 0 DTE options

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You're saying you can open an option that expires that day again? If so did you complain to your rep or to the options desk?

FJ43 said:

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Double_Bagger said:

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FJ43 said:

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I am seeing a lot more downside potential plays that upside flipping through a list.

FDX
TWTR
ROKU
ASAN...yes I said it.


Just to name a few.

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ASAN.....you have my attention

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Not saying this will happen but a 5 min candle close below today's low and these might be some targets. Lost the 5, 8, 12 & 21 EMAs today. Last couple times it heads towards the 50.

70.19, 68.50, 67.31, etc.

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I'm seeing the 20 EMA at 70.75. ASAN hasn't closed below the 20 EMA since mid-May and the last few dips have bounced off the 20 EMA. I'm looking for a close below 70.75 before adding to my short position. I closed most of my shorts at 71.50 yesterday.

Double_Bagger said:

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FJ43 said:

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Double_Bagger said:

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FJ43 said:

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I am seeing a lot more downside potential plays that upside flipping through a list.

FDX
TWTR
ROKU
ASAN...yes I said it.


Just to name a few.

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ASAN.....you have my attention

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Not saying this will happen but a 5 min candle close below today's low and these might be some targets. Lost the 5, 8, 12 & 21 EMAs today. Last couple times it heads towards the 50.

70.19, 68.50, 67.31, etc.

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I'm seeing the 20 EMA at 70.75. ASAN hasn't closed below the 20 EMA since mid-May and the last few dips have bounced off the 20 EMA. I'm looking for a close below 70.75 before adding to my short position. I closed most of my shorts at 71.50 yesterday.

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Interesting. I pulled up TradingView and this morning the chart looks different than last night as to where the EMAs are. My circles from that chart are in the same place but EMAs are not.

You are correct the 21 shouldn't have bene included. Closed below the 5, 8 &12. 70.50ish would be my first target. The 20 SMA & EMA are at present almost the same.

CPI (Jul MoM) 0.5% vs 0.5% Expected; Ex-food and Energy 0.3% vs 0.4%

— Streetinsider.com (@Street_Insider) August 11, 2021

Unless I am missing something that is the largest premarket spike on Qs in a while. By a lot.

To the upside.

just watch out for another fake breakout

$UPST - Huge power move. Curious if we see a retracement today from gain takers
$NUE - Same here
$WWR - Don't let me down...

Tomas Hermensa said:

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$30,000 Millionaire said:

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The only annoying thing is they restrict most accounts from 0 DTE options

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You're saying you can open an option that expires that day again? If so did you complain to your rep or to the options desk?

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I called customer support and I got transferred a couple times.

What the heck happened to CRM yesterday?

AMD pushing up. Need to see it break 108.5 and keep going.

I'm waiting for $NUE retracement since I went out yesterday and took some gains, because I'm inexperienced.

If I see a move down, I may grab some puts around $110. Outside of the last couple days, I see a S/R at just below $108 (My best guess).

I think NVDA is on it's way to 221 within the next couple of weeks.

Cup completion on the 2 day on AMD

going to be another day of weird chop while VIX hits 15s

Took some gains in tech shares that will lag due to rising rates, and added FDX to the portfolio for a 4th quarter trade.

FDX is the main transport operation for vaccines, and with booster shots coming in 3rd and 4th Quarter, added to another disconnected Christmas season, look out. FDX $325 by March.

GILD needs 70.5+ with decent volume to keep going up.

DDOG buys of Sept 17 130Cs yesterday.....should be good spot to take them today as DDOG touches and bounces off 8 MA (same look as AMD)

AFRM breakout

Looks like CLOV is trying to go right back to where it came from. See if it can hold this 8.20 spot.

Took first round of profits on my AMD calls just now. Looking for $111 to take the next round.