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24,746,300 Views | 233447 Replies | Last: 33 min ago by Heineken-Ashi
McInnis 03
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AG
McInnis 03 said:

Stock up $2. Option up 20%......should I pull the ejection cord?
Sold 225c against half just to take some risk off. Willing to swing half naked, and keep net free 220/225c for Friday
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
mazag08
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Hey, I could be 100% ack bassward on this. I make no guarantees. I just really like the original setup and what it pointed to, and all of the fib levels are playing pinball with each other perfectly.
J.P. 03
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So.....hypothetically speaking....IF this afternoon SPX dip breaks through all the way back to Mancini's 4520 support level....and IF that holds and we get a bounce.....are any other degenerates out there looking at an expiring SPY call play to end the day? Again, hypothetically speaking....

EDIT AFTER CLOSE: This setup did not materialize, so I guess I'll have to wait for Lotto Friday to scratch the gambling itch
Ccutamu
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Looks like the dreaded H on IWM, SPY and QQQ
agdaddy04
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Holy crap, the last thirty minutes...
FTAG 2000
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Anyone in ASLN? Nice run today.
Brewmaster
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McInnis 03 said:

Anyone playing CHWY earnings?
not me...IV looks juiced.
FTAG 2000
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Ccutamu said:

Looks like the dreaded H on IWM, SPY and QQQ
IWM seems to be hanging in, double bounce off 227 area.

Agreed on SPY and QQQ.
Thundergon
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Shooting stars on AAPL, AMZN, and GOOGL today...
BaylorSpineGuy
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Bat signal.
mazag08
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AG
CHWY
BaylorSpineGuy
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So OTM SPY, AMZN, and AAPL puts 6 wks out?
$30,000 Millionaire
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tough day for me today. hope tomorrow is better.
You don’t trade for money, you trade for freedom.
mazag08
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Quote:

Chewy (NYSE:CHWY) reported quarterly sales of $2.16 billion which missed the analyst consensus estimate of $2.20 billion by 1.82 percent. This is a 27.06 percent increase over sales of $1.70 billion the same period last year.
SELL SELL SELL lol. People are ****ing idiots. Can't wait for this bottom to scoop up shares.
Thundergon
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I'm not buying puts yet. Think we need more data but it was worth noting and something to keep an eye on.

For instance, AAPL fired off its daily squeeze today. The top channel trendline connecting 9/20 highs and 1/21 highs has it going to 157. Bullish squeeze but bearish candle. Today's candle could mean nothing so I'm not trying to think too much into it. Just noting how those 3 big tech stocks had similar bearish candles today.
Triple_Bagger
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$30,000 Millionaire said:

tough day for me today. hope tomorrow is better.
Been a tough week. I'm bearish but trying to trade what's in front of me instead of trading on my feelings. I think I will struggle until we get a correction. I don't have enough confidence in the market to take many long positions.
mazag08
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Just to reiterate..

CHWY had a 27% increase in revenue over the same period last year when everyone was locked in their homes buying EVERYTHING online. That is actually incredible. They retained customers, grew their user base, but didn't hit revenue "expectations".

The very second the press release was even announced the stock sold off $10+ on 67,000 volume. Somebody shorted and hit all of the retail idiot's stop losses on the way down.

Way to go dummies. Thanks for the cheap shares of a strong company getting stronger.
BaylorSpineGuy
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I can't get past some Twitter comment posted here a few days back. August tied for most ATH's ever in S&P (tying 1987 and 1929) or something like that. September horribly choppy.

This could be set up for a double top in October. At some point, this mania has to end. We have printed the dollar to basically worthless, and eventually we have to pay the piper.

Maybe I'm dead wrong, and hope so for everyone's sake, but just feels like roaring 20s every day. So many startups and IPO's. Just feels off.
Engine10
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What's the saying? If you owe the bank $1 million, it's your problem. If you owe the bank $1 trillion, it's the banks problem. The world is hooked on the dollar (Petro and otherwise) for now, if we go down evrryone comin with. I find some morbid solace in that
confucius_ag
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It is not even about the next big crash. Hell just a 5-10% correction at this point would seem like the world is ending.
Bosco
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mazag08 said:

Just to reiterate..

CHWY had a 27% increase in revenue over the same period last year when everyone was locked in their homes buying EVERYTHING online. That is actually incredible. They retained customers, grew their user base, but didn't hit revenue "expectations".

The very second the press release was even announced the stock sold off $10+ on 67,000 volume. Somebody shorted and hit all of the retail idiot's stop losses on the way down.

Way to go dummies. Thanks for the cheap shares of a strong company getting stronger.


My buddy makes a killing picking monthly calls up after an earnings beat down on companies just like this.

Thundergon
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Don't pay attention to any of that crap on twitter, the news, or CNBC. That stuff's garbage and only going to distract you from making sound, unbiased decisions based on what the charts are showing you.

I'm not comfortable being super long on anything right now because we are on a pretty steep run. I think alot of us understand a pullback could happen any minute, so each trade I take is max ~5% of my account. I won't get blown up if they don't work and I'll also make gains. I've been focusing on names that have been consolidating near their highs. Find the ones in a clear flag pattern and squeezing, and enter a trade out a couple/few weeks. Look at the option chain to see what strikes have had the most volume. Lots of times there will be a really big buyer and that will be the third thing I need to take a swing. Those have been working well in this market. $NET is a good example. $SHOP is another one I'm in.
Touchless
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SPY right at the top of the trendline going back to end of Feb 2020.

Brewmaster
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touching the top of the trend line?? user name does not check out!
Brewmaster
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just remember February is seasonally the dump month. and I think small caps need a good run first. OA said something to this effect a few months back: "small caps are the last to run, once they top out, that indicates the end of a big bull run".
Brewmaster
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Bosco said:

mazag08 said:

Just to reiterate..

CHWY had a 27% increase in revenue over the same period last year when everyone was locked in their homes buying EVERYTHING online. That is actually incredible. They retained customers, grew their user base, but didn't hit revenue "expectations".

The very second the press release was even announced the stock sold off $10+ on 67,000 volume. Somebody shorted and hit all of the retail idiot's stop losses on the way down.

Way to go dummies. Thanks for the cheap shares of a strong company getting stronger.


My buddy makes a killing picking monthly calls up after an earnings beat down on companies just like this.


CHWY verticals tomorrow for me! and kudos to your buddy, not a bad way to make a living!
rgaeke
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I was thinking the same thing. Any month and trikes interest you? Probably at least a couple of month's out?
$30,000 Millionaire
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$WFC hit -3 ATR today.....
You don’t trade for money, you trade for freedom.
slacker00
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In theory I would want to play something like that with put credit spreads but in practice the premium isn't that good and the r/r isn't either. What are you eyeing?
$30,000 Millionaire
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ITM calls on reversal.
You don’t trade for money, you trade for freedom.
Bob Knights Paper Hands
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I'm not necessarily looking at put spreads, but the Oct 42.5/40 look decent?
Bob Knights Paper Hands
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The posting rate here has gone down tremendously, which on some level is good because at peak it was hard to follow. Has the thread lost some audience? Are more people simply less active right now trading for one reason or another, like I am? Have people stopped posted useless babble and we're left with less, but higher quality posts? If so I'm the only one posting useless babble.
McInnis 03
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Tomas Hermensa said:

The posting rate here has gone down tremendously, which on some level is good because at peak it was hard to follow. Has the thread lost some audience? Are more people simply less active right now trading for one reason or another, like I am? Have people stopped posted useless babble and we're left with less, but higher quality posts? If so I'm the only one posting useless babble.


Yup. You're the only one posting useless babble
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Bob Knights Paper Hands
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Is that a good thing or a bad thing?
wanderer
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It seems like things really got busy around here in Feb/March when all our smallcap/growth stocks were going gangbusters. Since then, it's been a bit downhill and people probably got a bit burned. In addition to that, OA's pullback in participation (that's NOT a knock on OA) may have something to do with it.
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