NRD09 said:

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Yikes. We closed under 4520... hope that doesn't end up being overly important!

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Closed under the 5-day as well. Commence keister holding.

oldarmy1 said:

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Yes....if I can watch it I usually hit pretty close on real time exits but if I'm going to be away I predetermine a sell price on every single holding with GTC orders. Depending on the holding it could be a straight static price, it could be a hidden ask or an iceberg show, and sometimes I will do a market if touched so if it happened to peak right at my order it will fill into the buying until quickly out.

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Do you have a gut feel on a target price based on what you're seeing now? **** will start to get real soon.

Is there a target price for CLOV? $20?

Looking for the crazy WSB spike target. Long term, I really don't care, but it would be nice to sell high and re-buy the stocks I sold when it drops.

Tomas Hermensa said:

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If CLOV hits $20 overnight please read anything I post tomorrow in Rick Flair voice. If it gets above $14 in the next hour I am absolutely going to think about Chamath Palihapitiya tonight while comsumating marriage vows.

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It had similar breakout volume and price June 7. We went to upper $20s after that one. If we have another crazy WSB price spike I'd expect us to get to $20 again. That's just an if, but could be decent risk/reward.

I haven't been paying super close attention but are folks here in BBIG? Any info would be appreciated.

Thanks

$30,000 Millionaire said:

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I'm still holding BBIG. Congrats to the longs.

I will find more.

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Need that one to go Leeroy Jenkins tomorrow for my options.

NRD09 said:

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On Friday 30k questioned our manhood and hazed us into buying it. I sold today for 50% gain while hopefully retaining at least a shred of dignity (maybe). And that's about the closest thing to bbig dd that I've seen posted here

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I was a chicken and just sold puts. Guess I can't sneeze at a profit though.

DFS just completed double top and may fall a ways. Anyone care to chart it?

Options are fairly inexpensive.

Is mom getting better?

NIO down after $2 billion offering this afternoon

irish pete ag06 said:

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irish pete ag06 said:

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irish pete ag06 said:

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All out this morning on BBIG calls. I made a lot of good $ here (it could have been more but I'm not too concerned with perfect top ticks.

I think it's shaping up to be a good downside play potentially. It's now red on the week, day, and hour. Flow is starting to shade a little more bearish on ususual whales as well.

Watching closely.

Entry @ 8.73
Target 1 8.32
Target 2 7.32

If it loses 7.32 it can really get ugly.

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Target 1 was achieved a while back... BBIG just lost $8 and I suspect it's about to flip from support to resistance.



Gonna overnight my $8 puts I jumped into earlier. Also lots of "not so dreaded h's" are on the 30 minute.

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These puts are paying today. If this thing loses 7.32 it's going to free fall I think.

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So I have to admit that I slipped back into bad habits on this one and held too long to go from green to red.

A quick synopsis. My last 3 trades, I've used the strat to pick out 2 target prices. They've hit every time. The first one though, I sold when it hit the 2nd price and it ended up paying hugely after. This created a slight twinge of FOMO to show up in my last 2 trades. The next trade as soon as I hit my 2nd target I sold all and left 1 runner that was profit only. My 1 runner left ended up going down quite a bit so I left with some profit, but not as much as I wanted.

BBIG was my 3rd trade using the strat. On Thursday evening and Friday morning there was some unusual bearish flow (I've been monitoring the flow closely and it's been overwhelmingly bullish).

So I bought Puts on Thursdy afternoon and Friday morning when the setup remained valid. As you can see on the above post. I set a first target at 8.32 and a 2nd target at 7.32. Both targets were hit... but guess what I FOMO'd... thought "what if there's more" and held. Eventually this flipped from a 10-15% profit trade in about 12 hours to a red trade I cut this morning when the flow went back to being almost entirely bullish and it got into chop city with inside candle after inside candle.


The circle was how long my target 2 was hit. The hammer candle and the 2-2 reversal would have been great times to sell.

Long story short. Develop a plan. Stick to the plan. Profit.

deadbq03 said:

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NRD09 said:

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On Friday 30k questioned our manhood and hazed us into buying it. I sold today for 50% gain while hopefully retaining at least a shred of dignity (maybe). And that's about the closest thing to bbig dd that I've seen posted here

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I was a chicken and just sold puts. Guess I can't sneeze at a profit though.

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that's okay, I have you beat, I just scalped commons on BBIG, even missed the AH run. I did roll profits into more CLOV though

E said:

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NIO down after $2 billion offering this afternoon

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Wait, what??

mazag08 said:

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Cappo said:

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When are people selling DNN?

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$1.50 is major resistance. It's a cup completion. The next cup completion comes in at $1.81.

Timeline is impossible to predict, but I think we dip back into the $1.20's a little before hitting the $1.50. Likely another small dip from there before the $1.80 completion. After that it's a whole new ball game.

My goal is to sell ALL at $1.49. I don't want to be stuck holding any if its completes the $1.50 cup and the craps out. So after that sale I will be looking for a confirmed low to buy back. Then I'll sell those at $1.80. If it goes straight from $1.50 to $1.80 without any significant dips, then I'll lose out on some profit. Oh well.

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Hovering 1.50 now

Wanna make easy money?

Check the VIX spikes the week of OPEX? It goes wild the week before snd week of OPEX. Reliable pattern, IMO.

Better question: buy calls now or next week?

agdaddy04 said:

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E said:

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NIO down after $2 billion offering this afternoon

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Wait, what??

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$NIO offering pic.twitter.com/TIr6smedWL

— DYOptions (@data168) September 7, 2021

Hopefully to just raise capital for something good

With it being "at market" it shouldn't cause the price to drop much more, right?

Sector performance at yesterday's close.

Food for thought....

Vertical blue lines are Monthly Options Expirations
Blue EMA + blue manual extension is 50EMA
SRs just quick rough levels.


SPX (S&P 500 Index)

Can you superimpose the VIX chart across the same timeline? Perhaps as a line chart so it's easy to differentiate?

The VIX has peaked, since May, either 2 days before OPEX Friday, on the Friday, or the following Monday. Huge spikes with a quick retreat.