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FJ43
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VIX back just under 18. NLOD anyway.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

McInnis 03
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AG
Rolled SPY 450c's for Friday to 452c's for Friday and will take them overnight assuming I don't get stopped.
***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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CLOV trying to do something here?
FJ43
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AMC
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Bob Knights Paper Hands
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FJ43 said:

AMC

Same chart
FJ43
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Tomas Hermensa said:

FJ43 said:

AMC

Same chart
Volume alert went off. 1M on 1 min

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Bob Knights Paper Hands
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I feel like I need a pork butt and some beer while watching the market today.
ProgN
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Tomas Hermensa said:

I feel like I need a pork butt and some beer while watching the market today.
"Fat girls need love too Craig"
ibdm98
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AG
Tomas Hermensa said:

I feel like I need a pork butt and some beer while watching the market today.

Beth Mowins would be calling play-by-play in your scenario.
Bob Knights Paper Hands
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FJ43
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MVIS - when are they presenting this week?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Charismatic Megafauna
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Not sure they are presenting other than their booth
https://exhibitors.iaa.de/exhibitor-portal/2021/list-of-exhibitors/exhibitordetails/microvision/?elb=104.1100.1738.1.111&uls=2
BaylorSpineGuy
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Has anyone noticed the double top on XLF? If it dips below 37.46, it could be a good one for put options.

I can't post pics, etc., but fairly classic double top.

Does this suggest some stress in the financial sector?
Brewmaster
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AG
Tomas Hermensa said:

I feel like I need a pork butt and some beer while watching the market today.
you rang? lol, that's right in my wheelhouse. I have a freezer with smoked pulled pork and a beer fridge next to it!
$30,000 Millionaire
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BaylorSpineGuy said:

Has anyone noticed the double top on XLF? If it dips below 37.46, it could be a good one for put options.

I can't post pics, etc., but fairly classic double top.

Does this suggest some stress in the financial sector?
XLF is a solid short, but remember that it doesn't move very much, so you generally need to go ITM/ATM.

It may be better to trade Goldman.
You don’t trade for money, you trade for freedom.
BaylorSpineGuy
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Goal posts on SmileDirectClub, SDC?

Looks like a dumpster fire of a stock based on the chart, but is this one worth a shot?
Bob Knights Paper Hands
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This is one a lot of the board played and made money on previously. I'll take a look.
AgCPA95
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BaylorSpineGuy said:

Goal posts on SmileDirectClub, SDC?

Looks like a dumpster fire of a stock based on the chart, but is this one worth a shot?
I've got a couple of set of LEAPS, one I'm net free on so I'm riding it out for now.
irish pete ag06
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irish pete ag06 said:

irish pete ag06 said:

irish pete ag06 said:

irish pete ag06 said:

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.


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


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.


Came back with a vengeance today. Played BBIG calls this time for a quick 12% gain on a sizable position size.

Then got into NVDA weeklies. Over nighting these up 46%. Debated on selling for profit but it just feels like NVDA potentially gaps up.
irish pete ag06
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AG


Is wut Sam say legit?
lobwedgephil
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It can add some volatility, we went down on the roll in June, but up on the roll in March.
Bob Knights Paper Hands
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There isn't a set pattern where it always goes down on this date and goes up on that date. As they say, when everyone thinks something will happen I'm the market it probably won't. I do think since we are constantly running up it seems reasonable that OPEX weeks are when dips are more likely though.
$30,000 Millionaire
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Futures not looking so hot.
You don’t trade for money, you trade for freedom.
lobwedgephil
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Key will be in they break 4492 tonight, after that not much to 4484.
FJ43
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Mornun,

Red US, Europe and Asia (although slightly mixed Asia)

ES traded at 4485.50 in overnight session.



Let's see what today brings. ES traded lower while NQ did not. So maybe tech holds up here today.

Either way seems like a balancing act now with some market weakness.

We are about due for the OpEx 50EMA touch should history repeat itself.

For now keep being an ape and walk the line....



Trade wisely!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Slappy007
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irish pete ag06 said:



Is wut Sam say legit?


Seems to correlate pretty closely to what is described in this thread. Interesting read on SPX options if you have 10 minutes.
Ccutamu
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ELOX!
AgCPA95
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Ccutamu said:

ELOX!
September 9, 2021 08:01 AM ET (BZ Newswire) -- News

Eloxx Pharmaceuticals, Inc. (NASDAQ:ELOX), today announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation for ELX-02, a drug candidate intended to treat cystic fibrosis patients with nonsense mutations. ELX-02 is currently in Phase 2 clinical trials in CF patients affected by nonsense mutations in the CFTR (CF transmembrane conductance regulator) gene for whom there are no effective disease modifying therapies. The Phase 2 trials are designed to evaluate the safety of ELX-02 and assess its biological activity, and Eloxx expects to present data from the first four treatment arms in the fourth quarter of 2021.

"We are delighted to receive Fast Track Designation from the FDA for ELX-02 as the need for patients remains significant. The ability to have greater access to the FDA and their guidance on the regulatory pathway for ELX-02 can help provide the ability to work with the urgency needed on behalf of CF patients with nonsense mutations," said Sumit Aggarwal, President and CEO of Eloxx.

Fast Track Designation is granted to drugs being developed for the treatment of serious or life-threatening diseases or conditions where there is an unmet medical need. The purpose of the provision is to help facilitate development and expedite the review of drugs to treat serious or life-threatening conditions so that an approved product can reach the market expeditiously. Sponsors of drugs that receive Fast Track Designation have the opportunity for more frequent interactions with the FDA review team throughout the development program.
ELX-02 has previously been granted orphan drug designation by the FDA and orphan medicinal product designation by the European Medicines Agency.
wanderer
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Welp….that was short lived. 1.85 to 1.40 in 10min during pre-market.

Let's see this thing run today.
gougler08
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wanderer said:

Welp….that was short lived. 1.85 to 1.40 in 10min during pre-market.

Let's see this thing run today.


Damn that may be a record
FJ43
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Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

trip98
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AG
ASO destroyed t again!
And promply drops
$30,000 Millionaire
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$DDOG over 140 will be a focus again.
You don’t trade for money, you trade for freedom.
BaylorSpineGuy
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Would appreciate any insight if you think this is a good one.

Was thinking 1500 shares and a couple LEAPS but would like opinion of the board….

Thanks
Ccutamu
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gougler08 said:

wanderer said:

Welp….that was short lived. 1.85 to 1.40 in 10min during pre-market.

Let's see this thing run today.


Damn that may be a record
Saw it pop when brushing my teeth. Got out the shower and dressed and it was back to even. Damn!
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