Bought FB 8/20 $370 calls. $1.43 entry, target $4.50.
CLOV has had pretty good volume selling. On balance volume on multiple timeframes shows the smart money is taking profits or quite possibly shorting.Philip J Fry said:
Can someone explain the consistent early morning CLOV/WWR collapses besides it being a short attack? It's like clockwork.
Took most off for almost double left runners.CrazyRichAggie said:Here we go... Break $364.11 and these will pay.FJ43 said:I am giving 365C a tryCrazyRichAggie said:
I went FB 367.50 lotto
Took these off at 40%FJ43 said:
Bought AAPL 150C lotto
.18
CLOV's earnings were fine. If I had to guess some WSB and Reddit critters are selling it to meet margin calls caused by WISH this morning. Those crazy ****ers were probably leveraged to the hilt and are scrambling to find ways to prevent their accounts from blowing up.Philip J Fry said:
Looks like we are headed back to 8 on CLOV. We just broke our 8.50 resistance. That was a short lived squeeze if there was one.
Quote:
*Cassava Sciences Option Alert: Aug 20 $150 Calls Sweep (61) near the Ask: 206 @ $1.611 vs 5863 OI; Ref=$118.8039
Need any quality help?Red Rover said:
Today I am officially unemployed. By choice. I left a high paying job to run my own small company and get back to a reasonable work-life balance. I was able to purchase the company using some of the profits gained from stock investments over the past 18 months. The past year has been a life-changing time for many people. I wanted to thank you all for being a part of a positive life changing event for me.
I guess stocks do really only go up..$30,000 Millionaire said:
WTF on Nasdaq. this is insane.
I believe the weakness in CLOV is due to margin calls. Those meme traders typically buy similar stocks, so WISH today is killing them. I don't go to WSB or Reddit but if you did, I'd suspect they're having a meltdown right now. I'll probably buy into CLOV later this afternoon.Philip J Fry said:
Yes, many good things out of the earnings call. Should have been a catalyst.
Wanted to quote this for those who missed it. We just took out $110. Need it to keep going. It's not time to enter longs yet. Make it confirm the setup.mazag08 said:
AMD - We need a pretty good impulsive move toward $110 to signal that August 10 $104 was indeed our bottom. In impulsive move through $110 and then $111 would be a good sign that we are indeed going back up. I would then want to see around $112 range. with a pullback not to exceed $110 and then continuation up to $115. That would absolutely confirm we have a bottom in place and we could start mapping out just how high she might go again.
If we lose the August 10 support of mid $104's it opens the way to see high $101's all the way down to potentially high $98's.
Philip J Fry said:
Can someone explain the consistent early morning CLOV/WWR collapses besides it being a short attack? It's like clockwork.
Red Rover said:
Today I am officially unemployed. By choice. I left a high paying job to run my own small company and get back to a reasonable work-life balance. I was able to purchase the company using some of the profits gained from stock investments over the past 18 months. The past year has been a life-changing time for many people. I wanted to thank you all for being a part of a positive life changing event for me.
Prognightmare said:I believe the weakness in CLOV is due to margin calls. Those meme traders typically buy similar stocks, so WISH today is killing them. I don't go to WSB or Reddit but if you did, I'd suspect they're having a meltdown right now. I'll probably buy into CLOV later this afternoon.Philip J Fry said:
Yes, many good things out of the earnings call. Should have been a catalyst.
Sorry, I'm new. Could you give a layman's explanation of what this means?Prognightmare said:Quote:
*Cassava Sciences Option Alert: Aug 20 $150 Calls Sweep (61) near the Ask: 206 @ $1.611 vs 5863 OI; Ref=$118.8039
Cool, what's the new company do?Red Rover said:
Today I am officially unemployed. By choice. I left a high paying job to run my own small company and get back to a reasonable work-life balance. I was able to purchase the company using some of the profits gained from stock investments over the past 18 months. The past year has been a life-changing time for many people. I wanted to thank you all for being a part of a positive life changing event for me.
Someone dropped a chunk of cash with the thought SAVA's going over $150 by next Friday.Aggie Pharmer said:Sorry, I'm new. Could you give a layman's explanation of what this means?Prognightmare said:Quote:
*Cassava Sciences Option Alert: Aug 20 $150 Calls Sweep (61) near the Ask: 206 @ $1.611 vs 5863 OI; Ref=$118.8039
Thanks in Advance
Aggie Pharmer said:Sorry, I'm new. Could you give a layman's explanation of what this means?Prognightmare said:Quote:
*Cassava Sciences Option Alert: Aug 20 $150 Calls Sweep (61) near the Ask: 206 @ $1.611 vs 5863 OI; Ref=$118.8039
Thanks in Advance
It's not a guarantee but it shows interest in the stock.Quote:
What is a Call sweep?
Sweeps are large orders, meaning the trader who placed the order has a heavy bank roll, i.e. "smart money." Sweep orders indicate that the trader or investor wants to take position in a rush, while staying under the radar - Suggesting that they are believing in a large move in the underlying stock in the near future.